Canyon Copper Completes UAV Airborne Magnetic Survey at 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 Completes UAV Airborne
Magnetic Survey at Bootleg Lake Project
97.7 kilometres of airborne UAV magnetic survey completed
High resolution survey at 10 metre and 25 metre line spacing
Survey highlights two planned high priority drill targets
Vancouver, British Columbia, January 29 th,2018 - Canyon Copper Corp. ("Canyon") (TSX -V:
CNC) is pleased to present the results of an airborne UAV magnetic survey on the Company’s
Bootleg Lake project located near Creighton, Saskatchewan, Canada, five k ilometres southwest
of the city of Flin Flon, Manitoba.
During the 4th quarter of 2017 , Canyon commissioned Aerial Imaging Resources Inc. (AIR) of
Flin Flon, Manitoba to conduct a UAV aeromagnetic survey targeting two priority areas on the
Bootleg Lake project. The survey covered a total of 97.7 line kilometres, of which 72.4 line
kilometres were at 25 metre line spacing and 25.3 line kilometres of 10 metre line spacing.
The magnetic surveys covered two high priority targets on the Bootleg Lake project, the past
producing Newcor and Rio gold mines , to provide additional data for planned 2018 drilling on
both targets. The survey of the Rio mine area highlights the known mine area and the related
faults systems. The area over the mine was covered by the 1 0-metre line spacing to acquire
detailed data being used to plan the proposed drilling. In the Newcor area , the survey shows
distinct magnetic anomalies related to the Newcor Mine area. This level of detail was not
available from past surveys.
In addition to highlighting the two known mine areas in greater detail both surveys produced
secondary targets. The Newcor survey shows a magnetic high zone that parallels the fault zone
that runs through Douglas Lake, west of the Newcor mine. Plans are being made to target this
anomaly as part of the upcoming Newcor drilling. The Rio area survey shows magnetic
anomalies southwest of the Rio mine which are interpreted to represent an intersection of fault
zones. Additional work is planned to determine if these anomali es will be part of a future drilling
programs.
Stephen Wallace, President and CEO of Canyon stated , “Canyon is pleased with the quality,
detail and new information provided by the AIR survey. The UAV program provided a quick,
effective and low impact method to get high resolution data for drill ing targets and the Company
plans to utilize this technology in the future.”
2018 Drill Program
Canyon is continuing to work with the Government of Saskatchewan to finalize permits for the
planned drilling at the Ne wcor and Rio targets. In addition, logistics and drill hole planning is
underway to allow a prompt start to drilling as soon as all permits are in place.
UAV Magnetic survey areas shown on Canyon Copper Claims
UAV Magnetic survey areas shown on Regional Geology
Past Producing Newcor Mine Area – Total Magnetics Results
Advanced Airborne Drone Magnetometer Survey
AIR utilized the low flying Procyon 800E Unmanned Aerial Vehicle (UAV), which is a helicopter
style UAV slinging a potassium magnetic s ensor underneath. A GPS guided autopilot coupled
with ground elevation data allowed it to fly accurate survey lines 30 metres above the terrain.
With the implementation of a UAV the survey can be lower, slower and more detailed than
conventional airborne surveys and in contrast to traditional ground surveys, the survey lines can
be close spaced with high density sampling distances without the need for line cutting. It is now
possible to resolve magnetic anomalies that were previously indistinguishable when surveyed
using conventional ground and airborne surveys. These UAV magnetic surveys deliver higher
quality magnetic data at a lower cost with a reduced environmental footprint.
Past Producing Rio Mine Area – Total Magnetics Results
Stephen Wallace, PGeo, 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 state ments are identified by their use of terms and phases such as “believe,” “expect,” “plan,” “anticipate” and similar
expressions identifying forward -looking statements. Investors should not rely on forward -looking statements because they are
subject to a va riety 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 t he 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.
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great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cann ot be
assumed that all or any part of an “inferred mineral resource” will ever be upgraded to a higher category. Under Ca nadian rules,
estates of “inferred mineral resources” may not form the basis of a feasibility study or prefeasibility studies, except in ra re 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 legally mineable.
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