Vancouver, British Columbia (FSCwire) - Canyon Copper Corp. ("Canyon") (TSX-V: CNC) is pleased to announce the results of grab samples collected during a recent site visit to the Bootleg Lake gold and VMS base metals project (“Bootleg Lake”) located near Creighton, Saskatchewan, Canada, five kilometres southwest of the city of Flin Flon, Manitoba.
In July 2017, a site visit to Bootleg Lake was conducted by the management of Canyon and New Moon Minerals Corp. (“New Moon”) to assess mineralization potential and to determine access and infrastructure. Canyon optioned the Bootleg Lake from New Moon in May 2017 (see Canyon news release dated May 31, 2017). During the site visit a total of 10 samples were collected from the former Newcor and Rio Mine areas and from historic tailings from the Rio Mine. The results of the samples are shown in the table below.
“Mineralized float at Bootleg Lake is widespread in the areas of the former mines, which closed due to low gold prices and have been dormant for over 25 years,” said Stephen Wallace, President and CEO of Canyon. “From an exploration perspective, access to the property is simply a short drive from Creighton, which makes the project a low-cost, year-round exploration target.”
| Sample Number |
Sample Description |
Au g/t |
Cu ppm |
Zn ppm |
Ag ppm |
| 029109 | Rio Mine Area Mineralized Grab Sample | 183.0* | 11.4 | 71.4 | 26.20 |
| 029110 | Rio Mine Area Mineralized Grab Sample | 18.6* | 15.7 | 33.2 | 2.46 |
| 029111 | Rio Mine Area Mineralized Grab Sample | 38.9* | 533 | 38.4 | 7.22 |
| 029112 | Rio Mine Area Waste Grab Sample | 0.61 | 9.87 | 36.8 | 0.15 |
| 029113 | Rio Mine Area Mineralized Grab Sample | 22.1* | 13 | 23.5 | 3.32 |
| 029114 | Rio Mine Area Mixed Waste Grab Sample | 3.44 | 13.7 | 40.5 | 0.70 |
| 029115 | Newcor Mine Area Pit Sample | 0.78 | 1600 | > 5000 | 8.45 |
| 029116 | Newcor Mine Area Mineralized Grab Sample | 10.1* | 640 | 1940 | 7.60 |
| 029117 | Tailings West Sample | 0.64 | 44.2 | 51.4 | 0.24 |
| 029118 | Tailings East Sample | 2.48 | 69.9 | 41.1 | 1.37 |
* = samples that returned greater than 5,000 ppm gold when analyzed using Actlabs package 1A2 (Au Fire assay -AA) and were subsequently analyzed using Actlabs package 1A3 (Au Fire assay – Gravimetric).
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 UT-1-0.5g (Ultratrace 1). All samples which returned values greater than 5,000 ppm gold from the 1A2 analysis were further assayed using package 1A3 (Au Fire assay – Gravimetric).
Stephen Wallace, PGeo, 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.
About Bootleg Lake
Bootleg Lake is located south of Creighton, SK approximately 5 kilometres (3 miles) from the historic mining centre of Flin Flon, MB. In July 2017, Canyon staked a total of 13 claims blocks covering 2,851 hectares, which expanded the project area to 3,718 hectares (9,187 acres).
