Wednesday 26th October 2016

Resource Clips

Gold Canyon reports Ontario Gold Assays up to 1.45 g/t over 367.4m

Resource Clips - essential news on junior gold mining and junior silver miningGold Canyon Resources Inc TSXV:GCU announced assay results from its 100%-controlled Springpole Gold Project located 110 kilometers northeast of the Red Lake Mining Camp in Ontario. Highlights include:

1.59 grams per tonne gold over 15.5 metres
1.47 g/t gold over 367.4 metres
(including 6.64 g/t gold over 8 metres)
1.41 g/t gold over 10 metres
0.71 g/t gold over 175 meters
0.79 g/t over 42 metres
0.93 g/t gold over 124 metres
(including 5.1 g/t over 4.4 metres)
0.75 g/t gold over 196 metres
1.23 g/t gold over 95 metres
(including 15.93 g/t gold over 2 metres)
0.59 g/t gold over 82 metres
0.83 g/t gold over 50 metres
(including 3.38 g/t gold over 4 metres)
0.83 g/t gold over 57 metres
0.92 g/t gold over 171 metres
0.52 g/t gold over 100 metres
1.4 g/t gold over 330 metres
(including 6.47 g/t gold over 4 metres)

Director and technical advisor Quinton Hennigh commented, “We are very pleased with the assays results from recent drill holes that will be used to update our National Instrument 43-101 compliant resource. The Portage Zone continues to produce exceptional grade thickness intervals, confirming one of its many attributes. Now that we have results in hand, we expect to receive an updated resource from our independent qualified person by early 4Q of this year.”

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Leo Karabelas
Investor Relations

by Kevin Michael Grace

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