Canyon Copper Acquires Cameron Cobalt Project
TSXV: CNC
Suite 408 – 1199 West Pender Street • Vancouver, B.C. • V6E 2R1
TEL (604) 331-9326 • FAX (604) 684-9365
Canyon Copper Acquires Cameron Cobalt Project
100% purchase of Cameron Cobalt Project in Ontario
Historic grab sample of 2.26% Co and 1.7 g/t Au
No royalty
Vancouver, British Columbia, November 20, 2017 - Canyon Copper Corp. ("Canyon") (TSX -V: CNC) is
pleased to announce that Canyon has acquired a 100% interest in the Cameron Cobalt Project located
located in Brigstocke Township approximately 20 kilometers southwest of Cobalt, Ontario and 120
kilometers north of North Bay, Ontario.
The property consi sts of 4 claim units covering an area of 64 hectares hosting the past exploration pits
and a shaft of the Cameron target developed in the 1950’s which is now closed. A grab sample collected
in 1987 from the historical Cameron pits and analyzed by the Ontar io Geological Survey returned assay
values of 2.26% Co and 1.7 g/t Au. (Data Source is file MDI31M05SW00021 from the Ontario Mineral
Deposit Inventory).
The project is being acquired from a n Ontario prospecting group for a single payment of $10,000
Canadian with no royalty payment.
Stephen Wallace, President and CEO of Canyon stated , “This acquisition is in keeping with the Canyon’s
philosophy to continue to seek quality projects in low risk jurisdictions at good value. This is Canyon’s
third cobalt project in Ontario along with Munro -Warden and Samuels Lake, all of which will be part of the
2018 exploration program.”
Geologically the Cameron Cobalt property is located within the Cobalt Embayment in the Southern
Province of the Canadian Shield where Huronian Supergroup sedimentary rocks lay unconformably overly
Archean basement rocks. Both the Huronian sediments and Archean rocks have been intruded by
Proterozoic-aged Nipissing diabase occurring as both sills and dykes.
The Cameron property claims covers the contact between the Proterzoic sediments of the Lorrain and
Gowganda formation of the Huronian Supergroup and the intrusion of the Nipissing Diabase. The
mineralization model for the property is the “Five Element Vein” style of mineralization (Co-Ag-Ni-Bi-As),
which is characteristically found with 250m of the diabase contact. This is the characteristic cobalt silver
mineralization found throughout the Cobalt, Silver Centre and Gowganda mining camps.
Location Map showing Canyon Copper projects in Ontario
Geological and claim map of Cameron Cobalt Project
Qualified Person
Stephen Wallace , P.Geo., is Canyon's designated Qualified Person within the meaning of National
Instrument 43 -101 and has reviewed and approved the technical information con tained in this news
release.
On behalf of the Board of Directors,
“Stephen Wallace”
CANYON COPPER CORP.
Stephen Wallace, President, CEO and Director
Contact: Canyon Copper Corp.
Investor Relations
(604) 331-9326
Cautionary Statement Regarding Forward Looking Information
This News Release may contain, in addition to historical information, forward -looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are
identified by their use of terms and phases such as “believe,” “expect,” “plan,” “anticipate” and similar expressions identif ying forward -looking
statements. Investors should not rely on forward -looking statements because they are subject to a variety of risks, uncertainties and other factors
that could cause actual results to differ materially from Canyon's expectations, and expressly does not undertake a ny duty to update forward -
looking statements. These factors include, but are not limited to the following, Canyon's ability to implement its proposed drill programs on the
Bootleg Project, Canyon’s ability to obtain additional financing, uncertainty of est imates of mineralized material and other factors which may
cause the actual results, performance or achievements of Canyon to be materially different from any future results, performan ce or achievements
expressed or implied by such forward-looking statements.
Cautionary Note to U.S. Investors Regarding Estimates of Measured, Indicated and Inferred Resources
This News Release may use the terms “measured”, “indicated” and “inferred” “resources.” We advise U.S. investors that while these terms are
recognized and required by Canadian regulations, the SEC does not recognize them. “Inferred resources” have a great amount of uncerta inty as
to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an “inferred mineral
resource” will ever be upgraded to a higher category. Under Canadian rules, estates of “inferred mineral resources” may not form the basis of a
feasibility study or prefeasibility studies, except in rare cases. The SEC norma lly only permits issuers to report mineralization that does not
constitute “reserves” as in-place tonnage and grade, without reference to unit measures. U.S. investors are cautioned not to assume that any
part or all of a measured, indicated or inferred resource exists or is economically or legally mineable.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.