Canyon Copper Expands Cameron Cobalt Project
TSXV: CNC
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TEL (604) 331-9326 • FAX (604) 684-9365
Canyon Copper Expands Cameron Cobalt Project
Claim block increase 16-fold from 16 hectares to 1,024 hectares
100% purchase, no royalty
Vancouver, British Columbia, January 15, 2018 - Canyon Copper Corp. ("Canyon") (TSX -V: CNC) is
pleased to announce t hat Canyon has acquired additional claims surrounding the company’s 100%
Cameron Cobalt Project located in Brigstocke Township approximately 20 kilometers southwest of Cobalt,
Ontario and 120 kilometers north of North Bay, Ontario.
The new claims consist of 60 claim units covering an area of 960 hectares bringing the total project area
to a total of 64 contiguous claim units covering 1,024 hectares. The new claims surround the original
claims and cover the same geology.
The original claims cover 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 Ontario Geological Survey returned assay values of 2.26% Co and 1.7 g/t A u. (Data
Source is file MDI31M05SW00021 from the Ontario Mineral Deposit Inventory).
Stephen Wallace , President and CEO of Canyon stated , “This acquisition is in keeping with Canyon’s
plans to continue to seek quality Cobalt projects throughout Canada . The Cameron project along with
Munro-Warden and Samuels Lake will be part of the Company’s 2018 summer 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 clai ms 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 and Silver Centre mining camps.
Location Map showing Canyon Copper projects in Ontario
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 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 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 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 mine ralized 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 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 basis of a
feasibility study or prefeasibility studies, except in rare cases. The SEC normally only permi ts 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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