Canyon Copper Completes Drilling at Bootleg Lake
TSXV: CNC
Suite 408 – 1199 West Pender Street • Vancouver, B.C. • V6E 2R1
TEL (604) 331-9326 • FAX (604) 684-9365
Canyon Copper Completes Drilling at Bootleg Lake
Drilling now complete on Bootleg Lake Project
Four diamond drill holes totaling 1,446 metres completed
Three DDH at Rio target and one at Newcor target
Core logging and sampling underway, initial results within four weeks
Vancouver, British Columbia, April 16, 2018 , - Canyon Copper Corp. ("Canyon" or the
“Company”) (TSX-V: CNC) is pleased to announce that the Company has completed the planned
diamond drilling program on Canyon’s Bootleg Lake project . The Bootleg Lake project is located
near Creighton, Saskatchewan, Canada, five kilometres southwest of the city of Flin Flon,
Manitoba.
During early February 2018, Canyon was granted a Surface Exploration Permit by the
Saskatchewan Ministry of the Environ ment, and in the second half of February began drilling at
the Rio and Newcor target areas. This drill program was completed in March 2018 with 4 NQ
diamond drill holes completed, totaling 1,446 metres. Three drill holes were completed at the Rio
(Bootleg) target and one at the Newcor target.
The exploration plan was to drill target two high priority targets on the Bootleg Lake project, the
past producing Newcor and Rio gold mines. The exploration strategy is to test historical data,
expand the zones of k nown mineralization and obtain precise geological and structural
information. At both targets the plan was to test potential at depth extension of the known working
which had reached a maximum depth of 120 to 130 metres during mining in the 1940’s and
1980’s.
At the past producing Rio mine site, three diamond drill holes totaling 993 metres were completed
from two drill sites. The drill holes were planned to intersect the Rio fault and zone of
mineralization at a depth of between 175 and 250 metres below s urface. At Newcor a single drill
hole of 453 metres was completed as the program was modified due to ice conditions. The
change in program resulted in a single longer drill hole.
Drill logging and sampling is underway, supervised by Anthony Spooner P .Geo. of Flin Flon ,
Manitoba. It is anticipated that initial results will be available within four weeks. 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 assaying, 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 sam ples will be crushed and pulverized in preparation for analysis. The
samples will be analysed for gold using fire assay with AA finish. All samples with over 3g/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 Canyon Copper storage
site where they will be stored for long term verification and reference.
Canyon is also pleased to announce the Company will be exhibiting at the International Mining
Investment Conference taking place May 15 -16 in Vancou ver at the Vancouver Convention
Centre East.
Stephen Wallace, P .Geo., is the Company's designated 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 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 expr essions identifying
forward-looking statements. Investors should not rely o n 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 expressl y does not
undertake any 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 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 regul ations, 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 re source” 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 economicall y 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.