Canyon Copper completes staking on Munro Warden Copper Nickel 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 completes staking on Munro Warden
Copper Nickel Cobalt project.
Total of 384 hectares of new staking in 5 new claim blocks
Increase in overall size of Munro Warden VMS Project from 717 to 1,101 hectares
Site visit grab samples with up to 2.3% Cu, 0.81 % Zn and 391 ppm Co.
Vancouver, British Columbia, November 27, 2017 - Canyon Copper Corp. ("Canyon") (TSX-V: CNC) is
pleased to announce that it has acquired by staking 5 claim blocks, totalling 384 hectares, covering
geological prospective areas close to its Munro Warden property which is located approximately 85
kilometres east of Timmins, Ontario and 55 kilometres north of Kirkland Lake, Ontario.
The original Munro Warden holdings, optioned in July 2017, consisted of 9 mining leases and 6 mineral
claims totalling 717 hectares located in the eastern part of the Kidd-Munro assemblage of the Abitibi
Greenstone Belt. With the addition of the new staking Canyon’ holdings will now total 1,101 hectares in
Munro and Warden townships. This staking is part of the Canyon’s plan to acquire strategic claims by cost
effective staking to consolidate the Company’s position around each of the company’s projects.
During an August 2017 site visit to the optioned Munro Warden claims a series of grab samples were
collected. The results are shown in table below.
Stephen Wallace, President and CEO of Canyon stated “We are pleased with results of small number of
grab samples which reflect the VMS potential at Munro Warden. “
Element Symbol Au Ag Co Cu Cu Ni Zn
Unit Symbol ppb ppm ppm ppm % ppm ppm
029125 Grab Sample 35 4.65 138 15700 1.57 356 2430
029126 Grab Sample < 5 0.35 259 291 0.03 344 79
029127 Grab Sample 414 24.1 391 23000 2.30 114 8100
029128 Grab Sample 19 1.19 119 944 0.09 336 650
029129 Grab Sample < 5 0.91 310 1820 0.18 451 195
029130 Grab Sample < 5 0.03 166 1190 0.12 2000 106
Location of Munro Warden Project in Ontario
Location of new Munro Warden claims
The new staking is in part based on data from the Targeted Geoscience Initiative III - (TGI III) – Kidd
Munro Assemblage completed by Natural Resources Canada and the Ontario Geological Survey. An
initiative to facilitate the discovery of base metal deposits in the vicinity of established, base metal mining
communities. The Munro Warden property is located in the eastern part of the Kidd-Munro assemblage of
the Abitibi Greenstone Belt.
The Abitibi greenstone belt is one of the largest, best-preserved, and mineral-rich greenstone belts in the
world. The Kidd-Munro sequence hosts a number of mineral deposits, including the world-class Kidd
Creek volcanogenic massive sulphide deposit, the Dundonald and Alexo komatiitic nickel deposits and
several major lode gold deposits. In Munro Township, copper and zinc bearing massive sulphides have
been mined at the Potter and Potter-Doal Mines and gold at the Croesus Mine.
Exploration
At present data compilation of existing data is underway and an exploration plan is being developed.
Sampling and Analysis
All samples were collected and transported to Activation Laboratories Ltd. (“Actlabs”) in Ancaster Ontario
by Stephen Wallace, PGeo. At Actlabs, all samples were analysed using packages 1A2 (Au Fire assay -
AA) and Multi-Element package ME-MS61. Samples with greater than 10,000 ppm Cu (1%) were
secondarily analysed for copper using the 8-4 Acid Total Digestion.
Qualified Person
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 expressions identif ying forward -looking
statements. Investors should not rely on forwa rd-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 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 othe r 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.
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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 that all or any p art 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 b asis of a
feasibility study or prefeasibility studies, except in rare cases. The SEC normally only permits issuers to report mine ralization 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.
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