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    Gold Canyon Intercepts 353 Meters at 1.17 Grams per Tonne Gold at Springpole Gold Project

    Investing News Network
    Dec. 14, 2010 11:55PM PST
    Gold Investing

    Gold Canyon Resources Inc. (CVE:GCU) intersects 353 meters at 1.17 grams per tonne gold in the Portage Zone.

    Gold Canyon Resources Inc. (TSXV:GCU) intersects 353 meters at 1.17 grams per tonne gold in the Portage Zone.
    The press release is quoted as saying:

    Hole SP10-026, 353 meters at 1.17 grams per tonne gold (1,158 feet at 0.034 oz per ton gold) including 66 meters at 2.38 grams per tonne gold (216 feet at 0.069 oz per ton gold), was collared approximately 60 meters northeast of SP10-007 (217 meters at 1.57 grams per tonne gold announced in news release dated August 16, 2010) at an azimuth of 220 degrees true north and inclination of -45 degrees, parallel to and on section with hole SP10-007. This long interval confirms continuity of the Portage Zone to depths of 300 meters at its northwest end. Hole SP10-026 tested the full width of the Portage Zone which is nearly vertical in this area, and the true width represented by this intercept is believed to be approximately 250 meters. Elsewhere, the Portage Zone displays a true width ranging from about 90-150 meters.

    Click here to access the entire press release

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