Cyon Exploration Starts Drilling at Black ROCK Canyon
CYON EXPLORATION LTD.
33 HERITAGE PEAK ROAD, PORT MOODY, B.C. V3H 0H5
Telephone : (778) 928-6565
NEWS RELEASE
CYON EXPLORATION STARTS DRILLING AT BLACK ROCK CANYON
Vancouver, British Columbia (March 10, 2021) – CYON Exploration Ltd. (the “Company”
or “CYON”) (TSXV: CYON | OTCQB: CYNXF | FSE: C2YD) is pleased to announce the
commencement of drilling at its Black Rock Canyon property in the Cortez gold trend, Ladner
County, Nevada. Following a review of historical exploration and mining data, 3 drill site locations
have been located for the proposed phase one drill program. Historical drilling was limited to
depths of less than 300 meters; significant gold anomalies are present at shallow depths and
indications are that deeper drilling may find similar geologic formations that host the major gold
deposits of the Cortez gold trend.
Envirotech Drilling LLC of Winnemucca, Nevada has been engaged by the Company to drill the
Reverse Circulation (RC) pre collar holes. The phase one drilling will consist of two to three RC
drillholes planned for total depths of between 300 and 365 meters. Rock chips from the RC drilling
will be logged and samples submitted to ALS Geochemistry in Reno, Nevada for analysis. Upon
completion of the RC drilling, the holes will be cased in preparation for core drilling. The Company
has planned a phase two drilling program to re-enter these casings with a core rig, extending the
drilling and sampling to depths of up to 1,220 meters per hole.
The Black Rock Canyon property is located in the Cortez gold trend just 16 kilometers north and
22 kilometers northwest of the Pipeline and Cortez gold mine complexes, respectively, and the
Goldrush-Fourmile gold deposits (Figure 1), all operated by the Nevada Gold Mines joint venture
of Barrick Gold Corporation [NYSE: GOLD] and Newmont Corporation [NYSE: NEW]. As of
December 2018, the Pipeline – Cortez mining complex contained a total of more than 45 million
ounces of gold in documented past production (23.7 million ounces gold) plus historical Proven
and Probable reserves of 159,892,000 tons at 0.055oz Au/ton, and historical Measured and
Indicated resources of 62.53 million tons grading 0.051oz Au/ton for 21.3 million ounces. The
Cortez gold trend is 16 kilometers wide including the past-producing Buckhorn gold-silver deposit
and projects northwest toward the Black Rock Canyon Property.
Mr. Brian G. Thurston, P.Geo., the Company’s President and CEO and a qualified person as
defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-
101”), has reviewed and approved the technical information in this news release. Further
information on the Black Rock Canyon property can be found in the NI 43-101 technical report
titled, “Updated Technical Report for the Black Rock Canyon Project, Ladner County, Nevada,
U.S.A.”, available from the Company’s website at http://cyonexploration.com/projects/
About Cyon
CYON is engaged in the acquisition, exploration, and development of mineral properties in North
and South America. The Company is currently focused on its recently acquired Black Rock
Canyon gold property that is favorably located within the Cortez gold trend of the Battle Mountain-
Eureka belt, a productive and rapidly growing gold mining district in Nevada.
On behalf of Cyon Exploration Ltd.
Brian Thurston
President & CEO
Tel: 1.778.928.6565
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This release includes certain statements that may be deemed "forward-looking statements". All
statements in this release, other than statements of historical facts, that address events or
developments that the Company expects to occur, are forward-looking statements. Forward-
looking statements are statements that are not historical facts and are generally, but not always,
identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or conditions "will", "would", "may",
"could" or "should" occur. Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results may differ materially from those in the
forward-looking statements. Factors that could cause the actual results to differ materially from
those in forward-looking statements include market prices, exploitation and exploration
successes, and continued availability of capital and financing, and general economic, market or
business conditions. Investors are cautioned that any such statements are not guarantees of
future performance and actual results or developments may differ materially from those
projected in the forward-looking statements. Forward-looking statements are based on the
beliefs, estimates and opinions of the Company's management on the date the statements are
made. Except as required by applicable securities laws, the Company undertakes no obligation to
update these forward-looking statements in the event that management's beliefs, estimates or
opinions, or other factors, should change.