VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Apr 24, 2008 -- Gold Canyon Resources Inc. (CDNX:
GCU.V -
News)(Other OTC:
GDCRF.PK -
News)
("Gold Canyon" or "the Company") is pleased to announce
that as part of its ongoing strategy for advancing the Cordero
Gallium Project it has retained SRK Consultants (U.S.) Inc.
("SRK") to undertake an environmental planning study and
a geo-hydrological study at its Cordero Gallium Project
in Humboldt County, Nevada.
SRK will provide Gold Canyon with a scoping level assessment
of environmental permitting requirements. This assessment
will include:
- Inventory of applicable state permit requirements
- Review of comparable permitting efforts for similar size
projects in Nevada
- Scoping level schedule for environmental permitting
We believe SRK offers the Cordero Gallium Project the right
combination of environmental professionals from the United
States and within the State of Nevada, each with a proven
track record of success in working with mining operations.
SRK will also provide a technical memorandum to the company
summarizing the findings of the geo- hydrological assessment.
Mr. Douglas Christopherson, mine consultant to Gold Canyon
and a Qualified Person as defined by National Instrument
43-101, is the person responsible for the preparation of
the technical information in this news release. The Cordero
Gallium Project is being conducted under Mr. Christopherson's
supervision.
About Gold Canyon Resources Inc.:
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 the Bear Head Uranium
Project which is adjacent to their 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.
Through its wholly owned U.S. subsidiary, Gold Canyon Resources
USA Inc., the Company controls a 100% interest in the Cordero
Gallium Project situated in Humboldt County, Nevada, U.S.A.
Additional information can be found on the Company's website:
www.goldcanyon.ca
Akiko Levinson, President & Director
Certain statements contained in this news release using
the terms "may", "expects to", "projects", "estimates",
"plans", and other terms denoting future possibilities,
are forward-looking statements in respect to various issues
including upcoming events based upon current expectations
which involve risks and uncertainties that could cause actual
outcomes and results to differ materially. The future conduct
of the Company's business and the feasibility of its mineral
exploration properties are dependent upon a number of factors
and there can be no assurance that the Company will be able
to conduct its operations as contemplated and the accuracy
of these statements cannot be guaranteed as they are subject
to a variety of risks that are beyond our ability to predict
or control and which may cause actual results to differ
materially from the projections or estimates contained herein.
The risks include, but are not limited to, the risks described
in the above press release; those risks set out in the company's
disclosure documents and its annual, quarterly and current
reports; the fact that exploration activities seldom result
in the discovery of a commercially viable mineral resource
and are also significant amounts of capital to undertake
and the other risks associated with start-up mineral exploration
operations with insufficient liquidity, and no historical
profitability. The Company disclaims any obligation to revise
any forward looking statements as a result of information
received after the fact or regarding future events.
This news release does not constitute an offer to sell or
a solicitation of an offer to buy any of the securities
in the United States. The securities of the Company have
not been registered under the United States Securities Act
of 1933, as amended (the "U.S. Securities Act") or any state
securities laws and may not be offered or sold within the
United States or to U.S. Persons unless registered under
the U.S. Securities Act and applicable state securities
laws or an exemption from such registration is available.
The TSX Venture Exchange does not accept responsibility
for the adequacy or accuracy of this release.