Springpole Gold Project Continues to Produce Long Gold Intercepts for Gold Canyon; Including 150 Meters at 2.56 Grams Per Tonne Gold
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VANCOUVER, BRITISH COLUMBIA--(March 29, 2011) - Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) ("Gold Canyon" or "the Company") is pleased to announce assays from six new holes from its Winter 2011 Diamond Drill Program at its 100% controlled Springpole Gold Project, located 110 kilometers northeast of the Red Lake Mining Camp, Ontario, Canada. Results include 150 meters at 2.56 grams per tonne gold (492 feet at 0.075 oz per ton gold) in hole SP11-045A, a vertical infill hole testing the southeast part of the Portage Zone. Included in this interval are 30 meters at 5.69 grams per tonne gold (98 feet at 0.166 oz per ton gold), including 10 meters at 11.11 grams per tonne gold (33 feet at 0.324 oz per ton gold) of similar character to the high grade encountered in hole SP11-040 (100.5 meters at 7.23 grams per tonne reported in a news release dated March 15, 2011) (to see attached map please click on:
"These six holes are infill, and they tell us a lot," comments Dr. Quinton Hennigh, a technical advisor to and a director of Gold Canyon. "First, we can now confidently say that mineralization starts at surface down the entire length of the Portage Zone. Second, we now see intervals of high-grade mineralization in drill holes along 300 meters strike along the mid-section of the Portage Zone. Third, we encountered the widest intercept yet across the Portage Zone, a true width of at least 280 meters in hole SP11-042 situated in the far southeast. Lastly, all six holes bottom in mineralization suggesting there is more going on at depth."
Summary of Drill Intercepts from Portage Zone
Hole
From
(meters)
To
(meters)
Length
(meters)
Gold
(grams
per
tonne)
Gold
(grams per
tonne) - top
cut to 34.25
gpt
Length
(feet)
Gold
(oz per
ton)
Gold
(oz per ton)
- top cut to
1 opt
SP11-041
161.00
237.00
76.00
1.50
1.50
249
0.044
0.044
includes
211.50
214.50
3.00
11.56
11.56
10
0.338
0.338
includes
225.00
237.00
12.00
2.05
2.05
39
0.060
0.060
An interval of no core recovery was encountered from 231-232.5 meters.
Hole ends in mineralization at 237 meters.
SP11-042
9.00
411.00
402.00
0.76
0.76
1319
0.022
0.022
includes
17.00
24.00
7.00
1.67
1.67
23
0.049
0.049
includes
57.00
411.00
354.00
0.80
0.80
1161
0.023
0.023
includes
157.00
158.00
1.00
17.83
17.83
3
0.521
0.521
includes
259.00
266.00
7.00
2.04
2.04
23
0.060
0.060
includes
273.00
319.00
46.00
1.54
1.54
151
0.045
0.045
includes
348.00
391.50
43.50
1.52
1.52
143
0.044
0.044
Intervals of no core recovery were encountered from 383.5-385.5, 388.5-390, 402-403.5 and 405-406.5 meters.
Hole ends in mineralization at 411 meters.
SP11-043
42.00
153.00
111.00
2.03
1.24
364
0.059
0.036
includes
112.50
117.00
4.50
36.21
16.77
15
1.057
0.490
includes
112.50
114.00
1.50
92.57
34.25
5
2.703
1.000
An interval of no core recovery was encountered from 42.5-45 meters.
Hole ends in mineralization at 153 meters.
SP11-044
132.00
351.00
219.00
0.71
0.71
718
0.021
0.021
includes
132.00
313.50
181.50
0.84
0.84
595
0.025
0.025
includes
132.00
213.00
81.00
1.07
1.07
266
0.031
0.031
includes
135.00
136.00
1.00
14.74
14.74
3
0.430
0.430
includes
199.50
213.00
13.50
2.20