Canyon Copper Announces Drill Results from Bootleg Lake Project
TSXV: CNC
Suite 408 - 1199 West Pender Street • Vancouver, B.C. • V6E 2R1
TEL (604) 331-9326 • FAX (604) 684-9365
Canyon Copper Announces Drill Results
from Bootleg Lake Project
Vancouver, British Columbia, June 7, 2018, - Canyon Copper Corp. ("Canyon" or the
"Company") (TSX-V: CNC) announces the drill results for the final two drill holes completed
on Canyon's Bootleg Lake project, located near Creighton, Saskatchewan, Canada, five
kilometres southwest of the city of Flin Flon, Manitoba.
In March 2018, the Company completed a four drill hole program totaling 1,446 metres on the
Bootleg Lake project. Three diam ond drill holes were drilled at the past producing Rio mine
and a single hole at the past producing Newcor mine. The results of the first two drill holes of
the program BL -01 and BL -02 were previously announced on May 14, 2018 (link to press
release https://www.canyoncc.com/news/2018/canyon-copper-announces-drill-results-from-bootleg-lake-
project/ ).
Drill hole BL -03 was the third drill hole targeting the past producing Rio Mine. Drilled 200
metres northeast along the presumed strike from the first two drill holes BL -01 and BL -02.
BL-03 intersected two fault zones, the first 17m to 31m downhole and the second 188m to
229m downhole with 1% to 5% disseminated pyrite. Within this second fault zone from 197m
to 200m downhole was a mineralized section grading 0.77 g/t Au over 3.0m including a 1.0m
section from 199m to 200m grading 1.44 g/t Au.
These three drill holes targeted the past producing Ri o Gold Mine which is characterized as
Mesothermal gold mineralization along the Rio Fault corridor, particularly in close proximity to
the granodioritic Phantom Lake pluton immediately to the south. The drilling targeted the
intersection of two sections o f the NE -SW trending Rio fault corridor and the N -S trending
Douglas Lake fault. The detailed results are below
Table of results of Rio Mine drill holes completed in 2018.
BL-01 and BL-02 data was previously released
Stephen Wallace, President and CEO commented "This is Canyon Copper's first drill
program at the Rio Mine. The results show good grades over mineable widths and the first
step to determining a new mine. In addition, a wealth of technical data has been collected
relating to the complex geological structures and intrusions that are part of the deposit."
Based on these results the company plans additional drill core studies to understand
geological structures and granodiorite intrusions logged in the drill holes including detailed
Drill Hole Zones From To Width Au g/t
Number metre metre metre
DDH BL-01 180.0 184.0 4.0 5.24
including 181.0 184.0 3.0 6.55
including 181.0 181.5 0.5 12.24
DDH BL-01 213.0 232.0 19.0 2.09
including 216.0 224.0 8.0 3.23
including 223.0 224.0 1.0 7.65
DDH BL-02 180.0 183.0 3.0 1.34
Including 181.0 1820 1.0 2.04
DDH BL-02 208.0 210.0 2.0 1.54
Including 208.0 209.0 1.0 2.24
DDH BL-02 222.0 227.0 5.0 2.45
including 223.0 227.0 4.0 2.94
including 223.0 225.0 2.0 3.84
DDH BL-03 197.0 200.0 3.0 0.77
Including 199.0 200.0 1.0 1.44
Note: All widths reported are drill intersected core lengths and do not represent true widths
structural directional analysis and down hole surveys. Additional surface exploration,
trenching, mapping and geophysics based on past data and drill hole information will be
planned for summer 2018. The information from this drilling program and surface work will
form the basis for future drilling.
Cross section of BL-03
The fourth drill hole of the drill program BL -04 was drilled to target the depth extension of the
past producing Newcor Gold mine. The drill hole totaled 453 metres in depth and there was
no significant gold or base metal values in drill hole. BL -04 inters ected two fault zones
between 336.75m and 341.4m and between 355.0 and 365.0 m down hole. These two fault
zones are within the depth projection zone of the Newcor Mine. The fault from 336.75 to
341.4 is described as strongly brecciated, altered with hemati te and black chlorite alteration
with quartz carbonate veining. This is similar to mineralization seen in a surface pit near the
historic Newcor mine workings.
The company is investigating the use of downhole geophysics to determine fault structure,
geology and proximity to the Newcor Mine mineralization.
Cross section of BL-04
Below is an outline of the sampling, QA/QC and analytical procedures.
Quality Assurance and Quality Control ("QA/QC") Program
The Company has implemented a quality control program to ensure best practices in
sampling and analysis of the core samples. The core is first logged then sawn in half during
the sampling process with the half being retained for verification and reference purposes.
During sample collection and assayin g, there is an established QC procedure using
standards, duplicates and blanks. The samples are then securely shipped to the TSL
Laboratories ("TSL") facility in Saskatoon, Saskatchewan Canada.
Sample Analysis
At TSL in Saskatoon the samples will be crush ed and pulverized in preparation for analysis.
The samples will be analysed for gold using fire assay with AA finish. All samples with over 3
g/t gold will undergo secondary analysis fire assay -gravimetric finish. In addition, all samples
will be analysed using the TSL multi-element package ICP-AES Aqua Regis for 29 additional
elements. Select elements will be reanalysed if over the ICP package limits. The coarse
rejects and pulps are kept in Saskatoon for re -assaying purposes and then returned to the
Company's storage site where they will be stored for long term verification and reference.
Anthony Spooner P.Geo supervised the drill program, sampling, QA/QC program and logged
all the drill holes in the exploration program and is designated Qualified Person within the
meaning of National Instrument 43-101. Stephen Wallace, P.Geo, is the Company's Qualified
Person within the meaning of National Instrument 43 -101 and has reviewed and approved
the technical information contained 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 Exchan ge 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 expr essions identifying
forward-looking statements. Investors should not rely on forw ard-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 expressl y does not
undertake any duty to update forward -looking stat ements. 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 estimates 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, performance 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
uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed th at 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 normally 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 l egally
mineable.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN
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ACCURACY OF THIS RELEASE.