Canyon Copper Corp. Enters Into Agreement to Acquire Moonlight Copper Porphyry Property

Canyon Copper Corp. (TSXV:CNC,OTCBB:CNYC) announced that it has entered into an assignment agreement with Metamin Enterprises Inc. to acquire the former Placer Dome Moonlight Project, a bulk tonnage porphyry copper, gold, silver property.

As quoted in the press release:

The Moonlight Property is located in an area with a historical mining tradition that brought significant benefits to the local communities around Crescent City, Plumas County, California, with a low environmental impact. The local community has been involved in logging and mining historically and is currently enduring high unemployment. Local support was expressed for a recent exploration effort (2006-8) on the Moonlight Property for development of a long life project in the labour catchment area.

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