VANCOUVER, British Columbia, April 10, 2013 (GLOBE NEWSWIRE) -- Canyon Gold Corp. (OTC-QB:CGCC) a strategically positioned exploration company in a highly prospective area of Nevada, announced today its plans for exploration and expansion for 2013.
"We are pleased to present Canyon Gold as a tightly structured, well-managed exploration company with one goal: to develop and sell assets much like our neighbors did in Newmont Mining's acquisition of Fronteer Gold for $2.3 billion USD in 2011. Our company is fortunate to hold claims in the now well-known Spruce Ridge - Long Canyon Trend area with mineral formations and rock outcroppings similar to those found at the original discovery site in the Pequop Newmont Mining Claim area. We intend to both expand and explore these areas aggressively in the coming months," stated Delbert G. Blewett, President & CEO of Canyon Gold.
After positive exploration results on its completed Phase I, the company intends to commence Phase II of exploration on the initial target areas in search of a Carlin-type deposit, such as the one developed by neighboring Newmont Mining. As recommended by the geological report, this is planned for late Spring or early Summer 2013.
In an effort to broaden Canyon Gold's footprint in the region thereby increasing the potential of identifying a large Carlin-type deposit, the company intends to finalize acquisition of numerous additional claims in the Long Canyon – Spruce Ridge area that will complement our present holdings.
The Gold Report
As the first step in garnering awareness of investors, the company is pleased to report a feature on "The Gold Report" website from Street Wise. The Street Wise Gold Report is a leading website and publication that features interviews with industry-sector experts and analysts, money managers, and newsletter writers. These reports are backed by the latest research summaries, news, company profiles, and commentaries from some of the most respected players in the gold and precious metals industry.
Please Click Here to review the Canyon Gold Corp. featured profile, and to get the latest coverage and project overview covering the Nevada Gold "hot zone." http://www.theaureport.com/pub/co/6008
About Canyon Gold Corp (OTCQB:CGCC)
Through geologically targeted acquisitions, Canyon Gold owns and or controls through certain options a total of 310 mineral lease claims over 6613 acres in the Spruce Ridge – Long Canyon Trend area of Nevada. It is the Company's intention to explore their claims to discover a large gold deposit such as the one developed and sold by Fronteer Gold to Newmont Mining. The company plans to utilize similar exploration techniques modified to fit the characteristics of the Spruce Hills properties which have fracturing and alteration similar to that of Long Canyon (as cited by Alex Burton, Geologist in the Geological Report written to the specifications of NI 43-101 Technical Reports), which is published at www.CanyonGoldExploration.com)
On behalf of the Board of Directors, Delbert G. Blewett, B.S.A. LL.B, President & CEO,
Company Contact: Phone: 1 800 520-9485 - Email: email@example.com
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. 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.
Source:Canyon Gold Corp.