Gold Canyon Resources Inc. (TSX VENTURE: GCU)(PINK SHEETS: GDCRF)
("Gold Canyon" or "the Company") is pleased to announce it has
added two new members, Alan Edwards and James Muntzert, to the
technical team to advance its 100% controlled Springpole Gold
Project, located 110 kilometers northeast of the Red Lake Mining
Camp, Ontario, Canada.
Alan Edwards' expertise in mining engineering and corporate
management will assist the Company as it advances Springpole
through a Preliminary Economic Analysis (PEA) next year, and
ultimately through feasibility. Jim Muntzert's vast experience with
advanced project management, including the Cripple Creek operation
in Colorado, Galore Creek project in British Columbia and the
Donlin Creek project in Alaska, will serve to advance Springpole's
field operations as the project moves towards advanced exploration
and feasibility. Alan Roberts, current Project Manager at
Springpole, will focus on updating Springpole's NI 43-101 report,
including a revised resource by late 2011.
"We are delighted to add Messrs. Muntzert and Edwards to our
team," comments Dr. Quinton Hennigh, technical advisor and Director
of Gold Canyon. "The skill sets brought by both Jim and Alan will
augment an already strong team at Springpole. We are in an
excellent position to aggressively move this project forward, a
rare situation in today's junior mining sector."
Alan Edwards, BSc Mining Engineering, MBA
Alan Edwards is a mining professional with 27 years of diverse
mining industry experience. At the outset of his career, Alan
worked for 15 years for Phelps Dodge Corporation, where he held
positions of increasing responsibility, including General Manager
of Operations, Chino Mines Company. From 2007 to 2009, Alan served
as President, Chief Executive Officer and Director of Frontera
Copper Corporation. From 2004 to 2007, he was the Executive Vice
President and Chief Operating Officer at Apex Silver Mines
Corporation, where he was responsible for the engineering,
construction, and commissioning of the San Cristobal project in
Bolivia. From 1996 to 2000, Alan worked for Cyprus Amax Minerals
Company, where he rose to the position of President/General Manager
of Sociedad Minera Cerro Verde S.A. in Peru. Prior to joining Apex
Silver Mines, he held senior operating positions with P.T. Freeport
Indonesia and Kinross Gold Corporation.
Alan has a Bachelor of Science Degree in Mining Engineering and
an MBA (Finance), both from the University of Arizona. He presently
serves on the boards of four public companies, including Aurico
Gold Corporation, U.S. Silver Corporation, Entree Gold Corporation,
and Copper One Inc.
James Muntzert, BA Geology, MSc Economic Geology
Jim Muntzert brings over 40 years experience in the
international precious and base metal industries, including
management of large, remote, resource development projects, mine
management and reclamation. Prior to joining Gold Canyon Resources,
Jim worked for Pikes Peak Mining Company as General Manager of the
Cripple Creek, Colorado operations; NovaGold Resources as Project
Manager of the Donlin Creek, Alaska, and Galore Creek, British
Columbia projects and most recently for Alexco Resource Corp as
District Manager/ Exploration Manager of the Keno Hill Silver
District, Yukon.
Jim holds a BA in geology from the University of Colorado and a
MSc in economic geology from Oregon State University.
About Springpole
Springpole is an alkaline intrusion hosting a gold system that
represents a potentially new style of Canadian Archean Shield gold
deposit. The Portage Zone is hosted by a trachytic porphyry
intrusion displaying polyphase autolithic breccias that host gold
mineralization. Other zones, including the East Extension and Main,
consist of high-grade veins and pods hosted in diatreme breccias
composed of intrusive and country rock fragments. These breccias
surround the northwest and northern margins of the Portage Zone.
The known mineralized zones underlie a total known area of about 4
square kilometers representing only about 15 percent of the greater
alkaline intrusive complex which remains yet to be explored.
About Gold Canyon Resources Inc.:
Gold Canyon is engaged in the acquisition and exploration of
mineral and precious metals properties. The Company controls a 100%
interest in the Springpole Gold - Horseshoe Island Gold, Platinum,
Palladium Project and Favourable Lake Poly-metallic property
currently under option to Guyana Frontier Mining Corp. pursuant to
an option and joint venture agreement entered into in December 2005
- all in the Red Lake Mining District of Ontario, Canada.
Through its wholly owned U.S. subsidiary, Gold Canyon Resources
USA Inc., the Company controls a 100% interest in the Cordero
Gallium Project situated in Humboldt County, Nevada, U.S.A.
Gold Canyon entered into a Joint Exploration Agreement with the
Japan Oil, Gas and Metals National Corporation (JOGMEC) in January
2009.
Additional information can be found on the Company's website:
www.goldcanyon.ca
Akiko Levinson, President & Director
Certain statements contained in this news release using the
terms "may", "expects to", "project", "estimate", "plans", and
other terms denoting future possibilities, are forward-looking
statements in respect to various issues including upcoming events
based upon current expectations which involve risks and
uncertainties that could cause actual outcomes and results to
differ materially. The future conduct of the Company's business and
the feasibility of its mineral exploration properties are dependent
upon a number of factors and there can be no assurance that the
Company will be able to conduct its operations as contemplated and
the accuracy of these statements cannot be guaranteed as they are
subject to a variety of risks that are beyond our ability to
predict or control and which may cause actual results to differ
materially from the projections or estimates contained herein. The
risks include, but are not limited to, the risks described in the
above press release; those risks set out in the company's
disclosure documents and its annual, quarterly and current reports;
the fact that exploration activities seldom result in the discovery
of a commercially viable mineral resource and are also significant
amounts of capital to undertake and the other risks associated with
start-up mineral exploration operations with insufficient
liquidity, and no historical profitability. The Company disclaims
any obligation to revise any forward looking statements as a result
of information received after the fact or regarding future
events.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Contacts: Gold Canyon Resources Inc. (604) 682-3234 or Toll
free: 1 (888) 242-3234 (604) 682-0537 (FAX) info@goldcanyon.ca Gold
Canyon Resources Inc. Leo Karabelas Investor Relations (416)
543-3120 leo@frontlineir.com www.goldcanyon.ca
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