Canyon Gold Corp. -- Update to Shareholders
11 Julio 2014 - 8:17AM
Canyon Gold Corp. (OTCQB:CGCC) (The Company) is pleased to provide
an update on its progress.
Long Canyon Gold Resources Corp.
'LCGRC' (a wholly owned subsidiary).
LCGRC owns and or controls through certain
options a 100% interest in 310 mineral lease claims in the Spruce
Ridge Area of Nevada and in addition it controls a 100% interest in
180 mineral lease claims in the Pequop Mountains of the Long Canyon
Trend Area of Nevada. These sections are adjacent to the
original discovery acquire by Newmont Mining for 2.3 Billion
Dollars. It is the company's intention to explore its
claims for the same type of target, a large tonnage gold deposit
similar to the West Pequop Mountains Long Canyon type of Carlin
Type gold deposit.
LCGRC has, in addition, signed a letter
agreement and is completing negotiations to acquire a 51% interest
in up to 5,000 acres of Oil Leases in the state of Utah and Nevada
in areas of present drilling activities.
LCGRC is preparing and planning its phase two
development program on its Gold Claims in Elko County Nevada.
Marshall Thomsen Ltd. 'Marshall
Thomsen' (a wholly owned subsidiary).
CanyonGold, to provide increased value to its
shareholders, acquired Marshall Thomsen to enter the lucrative
Cannabis Industry and be part of a promising future world
trend.
Marshall Thomsen applied to Health Canada for a
license as a commercial grower of cannabis under the new
regulations issued by Health Canada. We are pleased to confirm that
the subsidiary has acquired the right to a 20 acre property in the
Fraser Valley of British Columbia where it plans to build a
facility of, initially, 90,000 square feet, allowing for future
expansion on the site. The initial facility will be capable of
producing up to 6 million grams of cannabis per year.
Marshall Thomson concluded the
acquisition-agreement of the target property for its Production
Center which property is subject to "The Property Zoning Bylaw
No.1257" that includes medical marijuana grow-operations.
Marshall Thomsen is in contact with Health
Canada and is making good progress in the steps necessary to secure
the license.
"After a long period I believe that we are at a point of
reaping the benefits of patience and sound planning and we are
looking to a bright future for the Company and its Subsidiaries in
the best interest of the Companies and its Shareholders,"
says President Blewett.
Visit us at:
www.canyongoldexploration.com with a link to
Marshall Thomsen
On behalf of the Board of Directors, Delbert G. Blewett,
B.S.C.A. LL.B., President & CEO
The Company trades on the OTC-BB/QB tier of the
OTC market. Investors can find Real-time quotes and market
Information for the Company on
http://www.otcmarkets.com/stock/CGCC/quote
Forward-Looking Statements
This news release includes certain "forward-looking
statements". All statements other than statements of
historical fact, included in this release, including, without
limitation, statements regarding potential mineralization and
reserves, exploration results, and future plans and objectives or
expected results of the Company, are forward-looking statements
that involve various risks and uncertainties. Forward looking
statements in this news release include that we will carry out an
exploration program and exercise our option to lease additional
claims. There can be no assurance that such statements will prove
to be accurate and actual outcomes and results could materially
differ from what is expressed, implied, or forecasted in
forward-looking statements. Factors which may delay or prevent
these forward-looking statements from being realized include
misinterpretation of data; we may not be able to get equipment or
labor as we need it; we with may not be able to raise sufficient
funds to complete our intended exploration or carry on operations;
that weather, logistical problems or hazards may prevent us from
exploration; that equipment may not work as well as expected; that
analysis of data may not be possible accurately and at depth; and
that despite encouraging data there may be no commercially
exploitable mineralization on our properties. Readers should refer
to the risk disclosures outlined in the Company's most recent
reports filed with the Securities and Exchange Commission.
CONTACT: Company Contact:
Subsidiary: Long Canyon Gold Res. Corp.
1 800 520-9485 Stephen Studdert, President
Subsidiary: Marshall Thomsen Ltd.
1 604 613-1227 Tom Thomsen, President
Email: cgcc@canyongoldexploration.com
Defense Technologies (PK) (USOTC:DTII)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Defense Technologies (PK) (USOTC:DTII)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024