Vancouver, British Columbia (FSCwire) - Canyon Copper Corp. ("Canyon") (TSX-V: CNC) is pleased to announce that it has acquired by staking 5 claim blocks, totalling 384 hectares, covering geological prospective areas close to its Munro Warden property which is located approximately 85 kilometres east of Timmins, Ontario and 55 kilometres north of Kirkland Lake, Ontario.
The original Munro Warden holdings, optioned in July 2017, consisted of 9 mining leases and 6 mineral claims totalling 717 hectares located in the eastern part of the Kidd-Munro assemblage of the Abitibi Greenstone Belt. With the addition of the new staking Canyon’ holdings will now total 1,101 hectares in Munro and Warden townships. This staking is part of the Canyon’s plan to acquire strategic claims by cost effective staking to consolidate the Company’s position around each of the company’s projects.
During an August 2017 site visit to the optioned Munro Warden claims a series of grab samples were collected. The results are shown in table below.
| Element Symbol | Au | Ag | Co | Cu | Cu | Ni | Zn | |
| Unit Symbol | ppb | ppm | ppm | ppm | % | ppm | ppm | |
| 029125 | Grab Sample | 35 | 4.65 | 138 | 15700 | 1.57 | 356 | 2430 |
| 029126 | Grab Sample | < 5 | 0.35 | 259 | 291 | 0.03 | 344 | 79 |
| 029127 | Grab Sample | 414 | 24.1 | 391 | 23000 | 2.30 | 114 | 8100 |
| 029128 | Grab Sample | 19 | 1.19 | 119 | 944 | 0.09 | 336 | 650 |
| 029129 | Grab Sample | < 5 | 0.91 | 310 | 1820 | 0.18 | 451 | 195 |
| 029130 | Grab Sample | < 5 | 0.03 | 166 | 1190 | 0.12 | 2000 | 106 |
Stephen Wallace, President and CEO of Canyon stated “We are pleased with results of small number of grab samples which reflect the VMS potential at Munro Warden. “
Location of Munro Warden Project in Ontario
Location of new Munro Warden claims
Location of new Munro Warden claims
The new staking is in part based on data from the Targeted Geoscience Initiative III - (TGI III) – Kidd Munro Assemblage completed by Natural Resources Canada and the Ontario Geological Survey. An initiative to facilitate the discovery of base metal deposits in the vicinity of established, base metal mining communities. The Munro Warden property is located in the eastern part of the Kidd-Munro assemblage of the Abitibi Greenstone Belt.
The Abitibi greenstone belt is one of the largest, best-preserved, and mineral-rich greenstone belts in the world. The Kidd-Munro sequence hosts a number of mineral deposits, including the world-class Kidd Creek volcanogenic massive sulphide deposit, the Dundonald and Alexo komatiitic nickel deposits and several major lode gold deposits. In Munro Township, copper and zinc bearing massive sulphides have been mined at the Potter and Potter-Doal Mines and gold at the Croesus Mine.
Exploration
At present data compilation of existing data is underway and an exploration plan is being developed.
Sampling and Analysis
All samples were collected and transported to Activation Laboratories Ltd. (“Actlabs”) in Ancaster Ontario by Stephen Wallace, PGeo. At Actlabs, all samples were analysed using packages 1A2 (Au Fire assay -AA) and Multi-Element package ME-MS61. Samples with greater than 10,000 ppm Cu (1%) were secondarily analysed for copper using the 8-4 Acid Total Digestion.
Qualified Person
Stephen Wallace, P.Geo., is the Company's designated Qualified Person within the meaning of National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.
