Gold Canyon Receives NI 43-101 Technical Report for Horseshoe Island Projectadmin
Gold Canyon Resources Inc. announce the completion of the first National Instrument 43-101 compliant Technical Report for the Horseshoe Island Project. The Technical Report was received from Carl D. Huston, P.Eng., an independent mining consultant and Qualified Person. The Horseshoe Island Property, located in Northwestern Ontario, is composed of 2088 hectares of contiguous mineral claims. The property is centered on Horseshoe Island in the east central part of Birch Lake, Red Lake Mining Division, approximately 102 kilometres east of the town of Red Lake, Ontario. The Horseshoe Island property adjoins the Company’s Springpole Property.
Mr. Huston states in his report, “The Horseshoe Island Property is a significant gold prospect that warrants further work…. It is recommended to delve deeper into private sources of the historic drill data in order to retrieve additional valuable data. Contacting the companies that performed work there may yield fruit. From additional information, a better compilation of the drilling could be achieved to avoid costly repeated efforts and to focus exploration dollars.” The Company intends to follow Mr. Huston’s recommendation in the coming months.
Gold Canyon is engaged in the acquisition and exploration of mineral and precious metals properties. The Company controls a 100% interest in the Springpole Gold – Horseshoe Island Gold, Platinum, Palladium Project and Favourable Lake Poly-metallic property currently under option to Shoreham Resources Inc. pursuant to an option and joint venture agreement entered into in December 2005 – all in the Red Lake Mining District of Ontario, Canada.