Gold Canyon Res Gold und Gallium

Gold Canyon Intersects Multiple Long Intersections of Mineralization Including 94 Meters at 2.51 Grams Per Tonne Gold at its Springpole Gold Project
8/30/2010 8:31:32 AM - Market Wire

VANCOUVER, BRITISH COLUMBIA, Aug 30, 2010 (MARKETWIRE via COMTEX News Network) --

Gold Canyon Resources Inc. (TSX VENTURE: GCU)(PINK SHEETS: GDCRF) ("Gold Canyon" or "the Company") is pleased to announce results for holes SP10-009 and SP10-011 of its Summer 2010 Diamond Drill Program at its 100% controlled Springpole Gold Project, located in the Red Lake Mining District of Ontario, Canada. Results include 94.0 meters at 2.51 grams per tonne gold (308 feet at 0.073 oz per ton gold) and 36 meters at 1.58 grams per ton gold (118 feet at 0.046 oz per ton gold) in hole SP10-011, and 164.0 meters at 1.02 grams per tonne gold (538 feet at 0.030 oz per ton gold) and 77.0 meters at 1.74 grams per tonne gold (253 feet at 0.051 oz per ton gold) in hole SP10-009.

Gold Canyon Mails Proxy Materials for Upcoming Annual General Meeting; Proposes Changes to the Board of Directors
3/17/2011 1:00:48 PM - Market Wire

VANCOUVER, BRITISH COLUMBIA, Mar 17, 2011 (MARKETWIRE via COMTEX News Network) --

Gold Canyon Resources Inc. (TSX VENTURE: GCU)(PINK SHEETS: GDCRF) ("Gold Canyon" or "the Company") is pleased to announce that its proxy materials for the 2011 Annual General Meeting of shareholders to be held in Vancouver, British Columbia on Wednesday April 13, 2011 at 2:00 p.m. (Vancouver time) has been filed on the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

Management nominees for re-election to the Board of Directors include incumbents Akiko Levinson, the Chairperson, Chief Executive Officer and President of the Company and Ron Schmitz, the Chief Financial Officer of the Company.

Quinton Hennigh, Ph.D., P.Geo., was recently appointed to the Board of Directors of Gold Canyon and has been nominated for re-election at the upcoming meeting. Dr. Hennigh is an economic geologist with more than 20 years of exploration experience. Over the past four years as President and Chief Geologist of Evolving Gold Corp. ("Evolving"), Dr. Hennigh has helped assemble a world class portfolio of gold projects and led successful exploration resulting in three significant discoveries including the Rattlesnake Hills deposit, Wyoming. Prior to joining Evolving, he was an exploration geologist with Newmont Mining Corp., Newcrest Mining, and Homestake Mining, during which time he worked on projects in North America, Europe, Australia, Asia, and South America. More recently, Dr. Hennigh has acted as advisor to Gold Canyon since 2009, where he helped refocus exploration at the Company's Springpole Gold Project in Red Lake, Ontario. He earned a M.Sc. and a Ph.D in geology and geochemistry from the Colorado School of Mines in 1993 and 1996, respectively.

Doug Buchanan, Q.C. is a new nominee for election to the Gold Canyon Board of Directors. Mr. Buchanan is a partner with the national law firm Davis LLP, acting as the National Managing Partner of Davis LLP for two terms, 1995-98 and 2004-07, and practices out the out of the firm's Vancouver, Toronto and Tokyo offices. He is currently a director of Subaru Canada Inc., Bank West (where he is also member of Audit Committee and Corporate Governance Committee), Western Life Assurance (where he is also member of Audit Committee and Chairman of the Corporate Governance Committee) and Western Financial Insurance Company (where he is also Chairman of the Corporate Governance Committee).

Conrad Pinette is also a new nominee for election to the Gold Canyon Board of Directors. Mr. Pinette is President of Condor Holdings Ltd., a private investment company. Mr. Pinette attended the University of British Columbia where he specialized in forestry. He was owner, manager and President of a family lumber business until its sale in 1980, President and Chief Operating Officer of Lignum Limited, a private forest product company until its sale in 2004, the Executive Vice President of Riverside Forest Products Limited, one of British Columbia's largest forest products companies, until its sale in 2005 and Executive Vice President of Tolko Industries, a large private forest products company, until his retirement in 2006. As Chairman of Pine Tree Developments Ltd., he continues to be responsible for another established family business. He is a director of Northgate Minerals Corporation and Canfor Corporation, a current Trustee of A&W Revenue Royalties Income Fund and a past director and Chairman of the Board of Finning International Inc. and past director of TimberWest Forest Corporation, all public companies.

Ivan Obolensky, Duncan Riesmeyer, Vincent Della Volpe whom collectively have served Gold Canyon for many years have agreed to not stand for re-election at the upcoming meeting.

Akiko Levinson, Chairperson and Chief Executive Officer of the Company stated: "As Gold Canyon continues its growth trajectory, we are very fortunate to have three seasoned and exceptional board members joining our leadership team.

"The nominations of both Doug Buchanan and Conrad Pinette to the Board of Directors will help ensure Gold Canyon continues to be well-positioned to capitalize on current market conditions, while remaining true to the Company's core values. Doug and Conrad share my vision for Gold Canyon, including our belief that our shareholders should always come first.

"I thank Ivan Obolensky, Duncan Riesmeyer and Vincent Della Volpe for their leadership and commitment to Gold Canyon, and look forward to their ongoing informal advice and counsel in the months and years ahead."

Investors and shareholders should refer to the Company's Information Circular available through Gold Canyon's profile on SEDAR for further information.

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 Favourable Lake Poly-metallic property currently under option to Guyana Frontier Mining Corp. 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.

Hole SP11-040 Intersects 100.5 Meters at 7.23 Grams per Tonne Gold
Includes 28.5 Meters at   19.73 Grams per Tonne Gold

Ähnliche Bohrergebnisse gab es von Canaco im Letzten Jahr ein paar Monate später war CANACO eine Mrd. $ Wert. GCU bringt es zurzeit auf ca. 250 Mio$.

www.goldcanyon.ca/i/pdf/Article-Mar15-2011.pdf

Springpole Gold Project Continues to Produce Long Gold Intercepts for Gold Canyon; Including 150 Meters at 2.56 Grams Per Tonne Gold
3/29/2011 8:30:04 AM - Market Wire

VANCOUVER, BRITISH COLUMBIA, Mar 29, 2011 (Marketwire via COMTEX News Network) --

Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) ("Gold Canyon" or "the Company") is pleased to announce assays from six new holes from its Winter 2011 Diamond Drill Program at its 100% controlled Springpole Gold Project, located 110 kilometers northeast of the Red Lake Mining Camp, Ontario, Canada. Results include 150 meters at 2.56 grams per tonne gold (492 feet at 0.075 oz per ton gold) in hole SP11-045A, a vertical infill hole testing the southeast part of the Portage Zone. Included in this interval are 30 meters at 5.69 grams per tonne gold (98 feet at 0.166 oz per ton gold), including 10 meters at 11.11 grams per tonne gold (33 feet at 0.324 oz per ton gold) of similar character to the high grade encountered in hole SP11-040 (100.5 meters at 7.23 grams per tonne reported in a news release dated March 15, 2011) (to see attached map please click on: media3.marketwire.com/docs/gcu329i.pdf).

"These six holes are infill, and they tell us a lot," comments Dr. Quinton Hennigh, a technical advisor to and a director of Gold Canyon. "First, we can now confidently say that mineralization starts at surface down the entire length of the Portage Zone. Second, we now see intervals of high-grade mineralization in drill holes along 300 meters strike along the mid-section of the Portage Zone. Third, we encountered the widest intercept yet across the Portage Zone, a true width of at least 280 meters in hole SP11-042 situated in the far southeast. Lastly, all six holes bottom in mineralization suggesting there is more going on at depth."



Summary of Drill Intercepts from Portage Zone

--------------------------------------------------
                                               Gold
                                             (grams
                                                per                   Gold
                                              tonne)               (oz per
                                       Gold   - top                    ton)
                                     (grams  cut to           Gold   - top
             From       To   Length     per   34.25 Length (oz per  cut to
Hole       (meters) (meters) (meters)  tonne)    gpt  (feet)    ton)  1 opt
--------------------------------------------------
SP11-041    161.00   237.00    76.00    1.50    1.50    249   0.044   0.044

includes    211.50   214.50     3.00   11.56   11.56     10   0.338   0.338

includes    225.00   237.00    12.00    2.05    2.05     39   0.060   0.060

An interval of no core recovery was encountered from 231-232.5 meters.
Hole ends in mineralization at 237 meters.

SP11-042      9.00   411.00   402.00    0.76    0.76   1319   0.022   0.022

includes     17.00    24.00     7.00    1.67    1.67     23   0.049   0.049

includes     57.00   411.00   354.00    0.80    0.80   1161   0.023   0.023

includes    157.00   158.00     1.00   17.83   17.83      3   0.521   0.521

includes    259.00   266.00     7.00    2.04    2.04     23   0.060   0.060

includes    273.00   319.00    46.00    1.54    1.54    151   0.045   0.045

includes    348.00   391.50    43.50    1.52    1.52    143   0.044   0.044

Intervals of no core recovery were encountered from 383.5-385.5, 388.5-390,
402-403.5 and 405-406.5 meters.
Hole ends in mineralization at 411 meters.

SP11-043     42.00   153.00   111.00    2.03    1.24    364   0.059   0.036

includes    112.50   117.00     4.50   36.21   16.77     15   1.057   0.490

includes    112.50   114.00     1.50   92.57   34.25      5   2.703   1.000

An interval of no core recovery was encountered from 42.5-45 meters.
Hole ends in mineralization at 153 meters.

SP11-044    132.00   351.00   219.00    0.71    0.71    718   0.021   0.021

includes    132.00   313.50   181.50    0.84    0.84    595   0.025   0.025

includes    132.00   213.00    81.00    1.07    1.07    266   0.031   0.031

includes    135.00   136.00     1.00   14.74   14.74      3   0.430   0.430

includes    199.50   213.00    13.50    2.20    2.20     44   0.064   0.064

Hole ends in mineralization at 351 meters.

SP11-045     36.00    90.00    54.00    2.15    2.15    177   0.063   0.063

includes     66.00    90.00    24.00    3.17    3.17     79   0.093   0.093

An interval of no core recovery was encountered from 42-43.5 meters.
Hole ends in mineralization at 90 meters.

SP11-045A    63.00   213.00   150.00    2.56    2.43    492   0.075   0.071

includes     76.50   106.50    30.00    5.69    5.03     98   0.166   0.147

includes     93.00   103.00    10.00   11.11    9.15     33   0.324   0.267

includes     99.00   100.00     1.00   53.83   34.25      3   1.572   1.000

includes    210.00   213.00     3.00    9.50    9.50     10   0.277   0.277

includes    212.00   213.00     1.00   23.31   23.31      3   0.681   0.681

Hole ends in mineralization at 213 meters.

--------------------------------------------------
Weighted averages were used to calculate all reported intervals.
Zones of no core recovery were given a gold grade of 0 in the weighted
average calculations above.
Reported intervals apply a 0.2 gram per tonne gold (0.006 oz per ton gold)
lower cutoff.
Internal dilution within reported intervals does not exceed core lengths of
12 meters.

1 troy oz = 31.103 grams
Conversion factor - grams per tonne to troy oz per short ton; g/t divided
by 34.2857 or g/t multiplied by 0.0292
1 meter = 3.28 feet


Summary of results:

--  Diamond drill hole SP11-045A is a vertical infill hole testing the
   southeast part of the Portage Zone in a shallow area in which no modern
   or historic drilling was previously undertaken. This hole intersected
   150 meters at 2.56 grams per tonne gold (492 feet at 0.075 oz per ton
   gold) including 30 meters at 5.69 grams per tonne gold (98 feet at 0.166
   oz per ton gold) and 10 meters at 11.11 grams per tonne gold (33 feet at
   0.324 oz per ton gold). The nature of this high-grade mineralization is
   very similar in character to that encountered in hole SP11-040 situated
   200 meters northwest. The final meter of this hole assayed 23.31 grams
   per tonne gold (3 feet at 0.681 oz per ton gold).

--  Diamond drill hole SP11-045 is a vertical infill hole drilled a few
   meters from SP11-045A. This hole intercepted 54 meters at 2.15 grams per
   tonne gold (177 feet at 0.063 oz per ton gold) beginning at the top of
   bedrock at 36 meters. This hole was abandoned at 90 meters when its
   casing became dislodged. Hole SP11-045A was collared and drilled a few
   meters away to complete the shallow test of this area.

--  Diamond drill hole SP11-041 was drilled with an azimuth of 220 degrees
   true north and an inclination of -45 degrees and tested intermediate
   depths of the Portage Zone in its mid-section. This hole intersected 76
   meters at 1.50 grams per tonne gold (249 feet at 0.044 oz per ton gold)
   before ending prematurely due to technical problems.

--  Diamond drill hole SP11-042 was drilled with an azimuth of 220 degrees
   true north and an inclination of -45 degrees and tested intermediate
   depths of the Portage Zone at its southeast end. This hole intercepted
   402 meters at 0.76 grams per tonne gold (1,319 feet at 0.022 oz per ton
   gold) beginning at the top of bedrock and continuing to the bottom of
   the hole where it stopped in mineralization. This hole lies
   approximately 100 meters above hole SP10-024 (225 meters at 1.48 grams
   per ton gold reported in a news release dated November 23, 2010). The
   Portage Zone appears to be nearly vertical here, and this intercept
   represents a true width of at least 280 meters.

--  Diamond drill hole SP11-043 is a vertical infill hole testing shallow
   parts of the mid-section of the Portage Zone. This hole intersected 111
   meters at 2.03 grams per tonne gold (364 feet at 0.059 oz per ton gold)
   including a high-grade interval of 4.5 meters at 36.21 grams per tonne
   gold (15 feet at 1.057 oz per ton gold) of similar character to hole
   SP11-040 located 100 meters northwest.

--  Diamond drill hole SP11-044 was drilled with an azimuth of 220 degrees
   true north and an inclination of -45 degrees and tested intermediate
   depths of the Portage Zone in its mid-section. This hole intersected 219
   meters at 0.71 grams per tonne gold (718 feet at 0.021 oz per ton gold)
   and ended in mineralization.

Resource Potential: The Project has a combined NI 43-101 compliant resource of 1.60Mt at 4.7g/t Au for 243,000oz, outlined in three near-surface mineralized zones with a combined strike of over 1,500m. Based on work completed since that time, we expect the resource to increase considerably. Our back-of-the-envelope estimate (Non NI 43-101 compliant) of the potential open pit resource ranges from 3.25Moz to 5.30Moz. Moreover, given the number of quality exploration targets on the Property, it is conceivable that the Property could host a considerably larger resource.



Risks: While considerable work is required to define the extent of the mineralization and potential for the development of a mine at Springpole, we are aware of no critical flaws or disputes which could hinder the development of the Project. The biggest challenge will be dealing with Springpole Lake, which will have to be partially drained to build the mine. If the resource is as large as expected, we believe it should be feasible to drain the lake through the construction of cofferdams.



Catalysts / Results Pending + Ongoing Work At SPRINGPOLE

§  Complete 10,000m of drilling during Q2 2011, highlights include

§  Hole SP11-036, 1.13g/t over 138.5 meters

§  Hole SP11-040, 7.23g/t over 100.5 meters

§  Hole SP11-0415A, 2.56g/t over 150 meters

§  An updated resource estimate is expected in late Q2 or early Q3 2011.



RECOMMENDATION

Based on our increased understanding of the potential economics of the Springpole Gold Project, we move Gold Canyon from our Resource Stock Watch List to full coverage and initiate with a Speculative Buy recommendation and 12 month target price of C$5.12. The latter is derived by applying a C$140.48 EV per oz multiple to our base-case 4.26Moz estimate of the potential open pit gold resource and corresponds to a 1.1x multiple to our estimated Gold Canyon NAVPS (6.5%, $1100/oz Au) derived from our conservative hypothetical Springpole Project NPV estimate. Moreover, given the potential for continued discovery of additional ounces of gold above our base-case estimate, we believe that Gold Canyon’s share price could easily exceed our target.


I love that last line in the report!!

This report is 30 pages long so if anyone wants a copy please pm me and I will email.

May we reach the heavens!!

"Holes SP11-047, -049, -051 and -052 are all vertical infill holes drilled in the southeast part of the Portage Zone," continues Hennigh. "These holes are some of the first near-surface tests in this area, and in each hole, gold mineralization starts at the top of bedrock and all the holes ended in mineralization. Hole SP11-046 was a step-out hole collared approximately 150 meters south of SP11-036. Although this hole encountered several significant intervals of gold mineralization, we believe that it did not intersect the core of the Portage Zone as hoped, but instead passed over the top. We believe that mineralization may be deeper and that it is plunging at a shallow angle to the southeast. We plan to step back to the northeast approximately 150 meters and retest this area at deeper levels during the upcoming summer drill program."


Summary of Results from the Portage Zone
--------------------------------------------------
                                                Gold
                                              (grams
               From         To     Length        per     Length   Gold (oz
Hole         (meters)   (meters)   (meters)     tonne)     (feet)   per ton)
--------------------------------------------------
SP11-046        34.0       63.0       29.0       0.57         95      0.017
               96.0      109.0       13.0       0.40         43      0.012
              176.0      186.0       10.0       0.31         33      0.009
              200.0      212.0       12.0       0.32         39      0.009
       (i)    238.0      306.5       68.5       0.82        225      0.024
              333.5      353.0       19.5       0.43         64      0.013
              359.0      367.0        8.0       0.44         26      0.013
(i) includes an interval of no core recovery from 294.5-296 meters
SP11-047        22.7      177.0      154.3       0.99        506      0.029
SP11-049        20.0      152.0      132.0       1.37        433      0.040
includes        82.0      127.0       45.0       2.50        148      0.073
includes        93.0       98.0        5.0       8.64         16      0.252
SP11-051        14.0      164.0      150.0       1.15        492      0.034
includes       100.0      114.0       14.0       3.01         46      0.088
SP11-052        19.0      158.0      139.0       1.04        456      0.030
--------------------------------------------------
Weighted averages were used to calculate all reported intervals.
Zone of no core recovery was given a gold grade of 0 in the weighted
average calculations above.
Reported intervals apply a 0.2 gram per tonne gold (0.006 oz per ton gold)
lower cutoff.
Internal dilution within reported intervals does not exceed core lengths of
12 meters.
1 troy oz = 31.103 grams
Conversion factor - grams per tonne to troy oz per short ton; g/t divided
by 34.2857 or g/t multiplied by 0.0292
1 meter = 3.28 feet
Summary of Gold (previously announced) and Silver Results from the 2011
Winter Drill Program
--------------------------------------------------
                                     Gold Silver         Gold Silver Silver
                                   (grams (grams          (oz    (oz     to
            From       To   Length    per    per Length   per    per   Gold
Hole      (meters) (meters) (meters) tonne) tonne) (feet)  ton)   ton) Ratio
--------------------------------------------------
SP11-030     14.0     73.0     59.0   2.51   1.98    194 0.073  0.058   0.79
includes     25.0     66.0     41.0   3.32   2.70    134 0.097  0.079   0.81
includes     30.0     41.0     11.0   7.28   6.79     36 0.213  0.198   0.93
includes     34.0     37.0      3.0  12.69   9.93     10 0.371  0.290   0.78
SP11-031      5.4     91.0     85.6   1.09   0.77    281 0.032  0.022   0.71
includes     23.0     53.0     30.0   1.45   1.08     98 0.042  0.032   0.74
includes     65.0     91.0     26.0   1.38   1.19     85 0.040  0.035   0.86
includes     82.0     87.0      5.0   3.12   2.12     16 0.091  0.062   0.68
SP11-032     13.0     70.0     57.0   0.54   4.39    187 0.016  0.128   8.13
SP11-033     13.0    315.0    302.0   1.39   7.16    991 0.041  0.209   5.15
includes     13.0    278.0    265.0   1.52   7.84    869 0.044  0.229   5.16
includes    200.0    208.0      8.0   2.29  25.48     26 0.067  0.744  11.13
includes    228.0    278.0     50.0   5.45  26.19    164 0.159  0.765   4.81
includes    228.0    253.0     25.0   8.81  46.90     82 0.257  1.369   5.32
includes    230.0    233.0      3.0  53.88  45.93     10 1.573  1.341   0.85
includes    230.0    231.0      1.0 126.51  61.50      3 3.694  1.796   0.49
includes    274.0    275.5      1.5  14.40  25.95      5 0.420  0.758   1.80
Intervals of no core recovery were encountered at 146.5-148.0, 203.5-205.0,
235.0-236.5, 239.5-244.0 and 302.5-304.0 m.
SP11-034     37.0    110.5     73.5   1.18   6.18    241 0.034  0.180   5.24
includes     76.0    109.5     33.5   1.56   4.47    110 0.046  0.131   2.87
           162.0    331.0    169.0   1.08   6.29    554 0.032  0.184   5.82
includes    246.0    297.0     51.0   2.20  11.91    167 0.064  0.348   5.41
includes    246.0    249.0      3.0  18.51 252.60     10 0.540  7.376  13.65
Intervals of no core recovery were encountered at 249.0-256.5, 258.0-259.5,
261.0-265.5, 270.0-271.5, 277.5-279.0, 285.0-286.5 and 298.5-300.0 m.
SP11-035     16.0     20.0      4.0   0.31   0.58     13 0.009  0.017   1.87
            37.0     68.0     31.0   1.01   3.60    102 0.029  0.105   3.56
includes     41.0     45.0      4.0   4.14  16.28     13 0.121  0.475   3.93
            89.0     96.0      7.0   0.35   0.60     23 0.010  0.018   1.71
           105.0    200.5     95.5   1.22   3.26    313 0.036  0.095   2.67
includes    126.0    144.0     18.0   1.53   2.96     59 0.045  0.086   1.93
includes    150.0    170.0     20.0   1.58   3.47     66 0.046  0.101   2.20
includes    178.5    200.5     22.0   1.61   4.38     72 0.047  0.128   2.72
SP11-036     50.0     58.0      8.0   0.34   0.96     26 0.010  0.028   2.82
            66.0     73.0      7.0   0.34   1.45     23 0.010  0.042   4.26
            87.0    110.0     23.0   0.68   1.65     75 0.020  0.048   2.43
           138.0    163.0     25.0   0.54   1.59     82 0.016  0.046   2.94
           204.0    394.5    190.5   0.90   3.96    625 0.026  0.116   4.40
includes    235.0    373.5    138.5   1.13   5.07    454 0.033  0.148   4.49
includes    276.0    303.0     27.0   2.09   8.89     89 0.061  0.260   4.25
SP11-037     21.0     36.0     15.0   0.47   1.27     49 0.014  0.037   2.70
            54.0    316.5    262.5   0.92   4.67    861 0.027  0.136   5.08
includes    165.0    169.0      4.0   6.78   3.23     13 0.198  0.094   0.48
includes    296.0    314.0     18.0   3.22   4.59     59 0.094  0.134   1.43
includes    312.0    313.0      1.0  27.77   7.00      3 0.811  0.204   0.25
SP11-038     61.0     79.0     18.0   0.89   4.62     59 0.026  0.135   5.19
           121.0    202.0     81.0   1.21   7.12    266 0.035  0.208   5.88
includes    169.0    202.0     33.0   2.19   8.03    108 0.064  0.234   3.67
Intervals of no core recovery were encountered at 148-160 and 166-169 m.
SP11-039     60.0    117.0     57.0   0.40   3.07    187 0.012  0.090   7.68
           132.0    165.0     33.0   0.53   4.72    108 0.015  0.138   8.91
SP-040       51.0    151.5    100.5   7.23   8.83    330 0.211  0.258   1.22
includes     55.5    135.0     79.5   9.01   9.87    261 0.263  0.288   1.10
includes     57.0     85.5     28.5  19.73  20.00     93 0.576  0.584   1.01
includes     58.5     60.0      1.5 167.66  22.22      5 4.896  0.649   0.13
SP11-041    161.0    237.0     76.0   1.50   5.60    249 0.044  0.164   3.73
           211.5    214.5      3.0  11.56   4.90     10 0.338  0.143   0.42
           225.0    237.0     12.0   2.05  16.15     39 0.060  0.472   7.88
An interval of no core recovery was encountered from 231-232.5 m.
--------------------------------------------------
All gold values were previously released in press releases dated Feb. 16,
Mar. 1, Mar. 15, and Mar. 29, 2011.
Weighted averages were used to calculate all reported interval.
Zones of no core recovery were given a gold grade of 0 in the weighted
average calculations above.
Reported intervals apply a 0.2 gram per tonne gold (0.006 oz per ton gold)
lower cutoff.
Internal dilution within reported intervals does not exceed core lengths of
12 meters.
1 troy oz = 31.103 grams
Conversion factor -
1 meter = 3.28 feet



Summary:


--  Diamond drill hole SP11-046 was collared approximately 150 meters south
   of hole SP11-036 (see press release dated March 1, 2011) and drilled at
   an azimuth of 220 degrees true north and inclination of -45 degrees and
   was designed to test the strike extension of the Portage Zone. Several
   intervals of mineralization were encountered, but of generally lower
   grade than nearby holes further northeast. The Company believes this
   hole was positioned too far to the southwest and tested the zone at too
   shallow a depth and is planning to drill another hole on the same
   section, positioned further northeast, to retest this area during the
   Summer 2011 Diamond Drill Program.
--  Holes SP11-047, -049, -051 and -052 are all vertical holes testing near
   surface mineralization in the southeast part of the Portage Zone. All of
   these holes encountered gold mineralization beginning at the bedrock
   interface and continuing to the bottom of the hole.
--  Silver assays continue to indicate that gold mineralization at
   Springpole is accompanied by appreciable silver. Silver-to-gold ratios
   in recent assays vary from 0.13:1 to 13.65:1. Notable silver intervals
   include 25 meters at 46.9 grams per tonne silver (82 feet at 1.369 oz
   per ton silver) in hole SP11-033.
--  The Winter 2011 Diamond Drill Program came to an end on April 8, 2011,
   due to deteriorating ice conditions. Nearly 8,500 meters of drilling in
   33 holes was accomplished. Holes awaiting assays include SP11-048, -050
   and SP11-053 through -060. Hole SP11-061, the final hole drilled, will
   be used in its entirety for metallurgical test work and will not be
   assayed with other remaining holes. Remaining assays are expected back
   over the next 3-4 weeks.
--  Hole SP11-062, the first of a series of deep drill holes, was collared
   immediately following completion of drilling on the ice. This deep hole
   is collared on the southwest shore of the bay on the 0+00 section. It is
   oriented with an azimuth of 40 degrees true north and an inclination of
   -45 degrees, and is designed to test the Portage Zone at vertical depths
   of approximately 500-600 meters. Completion of this hole is expected by
   mid-May 2011.
--  Drilling from a pair of barges is expected to begin once the lake is ice
   free, likely by early June.



The Winter 2011 Diamond Drill Program is part of an ongoing program of drilling and remodeling of the Springpole Gold deposit to move it towards prefeasibility. Holes drilled this winter and from a pair of barges in summer are expected to allow the Company to revise the resource estimate for the deposit sometime in the second half of 2011.

Springpole is an alkaline intrusion hosting a gold system that represents a potentially new style of Canadian Archean Shield gold deposit. The Portage zone is hosted by a trachytic porphyry intrusion displaying polyphase autolithic breccias that host gold mineralization. Other zones including the East Extension, Camp and Main, consist of high-grade veins and pods hosted in diatreme breccias composed of intrusive and country rock fragments. These breccias surround the northwest and northern margins of the Portage Zone. The known mineralized zones underlie a total known area of about 4 square kilometers representing only about 15 percent of the greater alkaline intrusive complex which remains yet to be explored.

Gold Canyon Appoints Independent Chairman of the Board of Directors
4/25/2011 2:05:18 PM - Market Wire

VANCOUVER, BRITISH COLUMBIA, Apr 25, 2011 (MARKETWIRE via COMTEX News Network) --

Gold Canyon Resources Inc. (TSX VENTURE: GCU)(PINK SHEETS: GDCRF) ("Gold Canyon" or "the Company") is pleased to announce that Mr. Conrad Pinette has been appointed as independent Chairman of the board of directors of the Company. Mr. Pinette brings a wealth of knowledge from his past experience with resource companies. Mr. Pinette is a former director and Chairman of the Board of Finning International Inc. and a former director of TimberWest Forest Corporation, as well as his current roles as a director of Northgate Minerals Corporation and Canfor Corporation.

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 Favourable Lake Poly-metallic property currently under option to Guyana Frontier Mining Corp. 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.

Gold Canyon entered into a Joint Exploration Agreement with the Japan Oil, Gas and Metals National Corporation (JOGMEC) in January 2009.

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", "project", "estimate", "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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contacts: Gold Canyon Resources Inc. (604) 682-3234 or Toll free: 1 (888) 242-3234 (604) 682-0537 (FAX) info@goldcanyon.ca Gold Canyon Resources Inc. Leo Karabelas Investor Relations (416) 543-3120 leo@frontlineir.com www.goldcanyon.ca

SOURCE: Gold Canyon Resources Inc.

mailto:info@goldcanyon.ca mailto:leo@frontlineir.com www.goldcanyon.ca
Copyright 2011 Marketwire, Inc., All rights reserv

Hole             (meters)  (meters)  (meters) per tonne)    (feet)  per ton)
--------------------------------------------------
 SP11-057          91.5     312.0     220.5       0.84       723     0.025
 includes         229.5     303.0      73.5       1.32       241     0.039
Zones of no recovery from 216-229.5 and 246-247.5 meters
 SP11-059          72.0     364.5     292.5       1.13       959     0.033
 includes         166.0     364.5     198.5       1.42       651     0.041
 includes         244.5     278.0      33.5       2.14       110     0.062
 includes         290.0     325.0      35.0       2.37       115     0.069
 includes         360.0     364.5       4.5       2.55        15     0.074
Zone of no recovery from 343.5-345 meters
 SP11-060          51.0     255.0    204. 0       1.15       669     0.034
 includes         145.0     163.5      18.5       2.41        61     0.070
 includes         159.0     163.5       4.5       6.61        15     0.193
Zones of no recovery from 180-181.5 and 231-234 meters
Reported intervals apply a 0.2 gram per tonne gold (0.006 oz per ton gold)
cutoff.
Internal dilution within reported intervals does not exceed core lengths of
13.5 meters.
Weighted averages were used to calculate all reported intervals.
1 troy ounce = 31.103 grams
Conversion factor - grams per tonne to troy ounces per short ton; g/t
divided by 34.2857 or g/t multiplied by 0.0292
1 meter = 3.28 feet
Summary of Gold Assays from Exploration Drill Hole
                                                  Gold
                   From        To    Length     (grams    Length  Gold (oz
Hole             (meters)  (meters)  (meters) per tonne)    (feet)  per ton)
--------------------------------------------------
SP11-055           18.0      33.0      15.0       0.36        49     0.011
                   82.0      93.0      11.0       0.39        36     0.011
                  139.0     173.0      34.0       0.33       112     0.010
                  337.0     355.0      18.0       0.40        59     0.012
Reported intervals apply a 0.2 gram per tonne gold (0.006 oz per ton gold)
cutoff.
Internal dilution within reported intervals does not exceed core lengths of
2 meters.
Weighted averages were used to calculate all reported intervals.
1 troy ounce = 31.103 grams
Conversion factor - grams per tonne to troy ounces per short ton; g/t
divided by 34.2857 or g/t multiplied by 0.0292
1 meter = 3.28 feet



Summary:


--  Diamond drill hole SP11-059, oriented with an azimuth of 220 degrees
   true north and an inclination of -45 degrees, tested the southeast part
   of the Portage Zone at depths of about 150-250 meters. This hole
   intersected 292.5 meters at 1.13 grams per tonne gold (959 feet at 0.033
   oz per ton gold) including 198.5 meters at 1.42 grams per tonne gold
   (651 feet at 0.041 oz per ton gold). The last meter of this hole assayed
   3.60 grams per tonne gold (0.105 oz per ton gold).
--  Diamond drill hole SP11-057, oriented with an azimuth of 220 degrees
   true north and an inclination of -45 degrees, tested the mid-section of
   the Portage Zone at depths of about 150-250 meters. This hole
   intersected 220.5 meters at 0.84 grams per tonne gold (723 feet at 0.025
   oz per ton gold).
--  Diamond drill hole SP11-060 is a vertical hole drilled in the mid-
   section of the Portage Zone. This hole intersected 204 meters at 1.15
   grams per tonne gold (669 feet at 0.034 oz per ton gold). Mineralization
   starts immediately beneath the lake sediment-bedrock interface and
   continues to the bottom of the hole.
--  Diamond drill hole SP11-055 is an exploration hole collared
   approximately 615 meters southeast of hole SP11-059 and drilled with an
   azimuth of 220 degrees true north and an inclination of -45 degrees.
   This hole encountered multiple intervals of low-grade gold
   mineralization.
--  A table attached to this press release summarizes all drill intercepts
   from the Portage Zone from the 2010-11 Diamond Drill Campaign. Although
   the average grade of the deposit has yet to be calculated, the weighted
   average grade of these drill intercepts is 1.30 grams per tonne gold.
--  SP11-062, the first of a series of deep drill holes was collared on the
   southwest shore of the bay on the 0+00 section with an azimuth of 40
   degrees true north and an inclination of -45 degrees. This hole was lost
   in bad ground at 467 meters. Assays are expected back within 1-2 weeks.
   A second attempt to drill this hole, SP11-063, was collared a few meters
   away and is currently in progress at a depth of approximately 830
   meters. It is expected to reach its targeted depth of 1,000 meters some
   time in early June.
--  Drilling from a pair of barges is expected to begin in mid to late June.



Claim Staking

Gold Canyon increased its property position at the Springpole Gold Project by staking approximately 10,000 additional acres of land. These new claims adjoin the existing claim block and increase the property size by approximately 50%. Although the entirety of known porphyry rocks with associated gold mineralization fall within the old claim block, these new claims give the Company a strategic position for developing future infrastructure critical to the advancement of the project.

echt entäuschend

Kursziele liegen bei  4,7- 5,1 CAD

www.goldcanyon.ca/i/pdf/ppt/CorporatePresentation.pdf

Die Kapitalerhöhung wurde noch zu 3,6 CAD durchgeführt

In Q4 2011 kommt noch ein Ressourcenupgrade bisher lagen 1,5 M Oz.

Aufgrund der guten Bohrergebnisse könnten diese auf über 5 M Oz. Gold steigen ( wäre mehr als bei TRR und die wird aktuell 700 Mio CAD bewertet und GCU mit 200 Mio CAD )

fällt sogar bei steigenden Goldpreis. Die haben sich aber auf TRR eingeschossen und dick investiert Kleinanleger und Inits. Wenn gute Ergebnisse folgen wird der Kurs von Gold Canyon auch wieder anziehen.

und da sind schon die Ergebnisse und zwar wieder sehr gut.

www.marketwatch.com/story/...08-04-831230?reflink=MW_news_stmp

 

kurzer Auszug

Diamond drill hole SP11-066 intersected 24 meters at 17.48 grams per             tonne gold (79 feet at 0.510 oz per ton gold) including 6 meters at             52.60 grams per tonne gold (20 feet at 1.536 oz per ton gold). Applying             a 1 oz per ton (34.29 grams per tonne) top cut, these intervals are 24             meters at 10.31 grams per tonne gold (79 feet at 0.301 oz per ton gold)             including 6 meters at 29.45 grams per tonne gold (20 feet at 0.859 oz             per ton gold). This hole was collared along the southwest margin of the             East Extension Zone and drilled at an azimuth of 020 degrees true north             with a -45 degree inclination. Remaining un-assayed core from this hole             will be submitted for metallurgical testing to characterize ore from the             East Extension Zone.         --  Diamond drill hole SP11-067 intersected 39 meters at 2.93 grams per             tonne gold (128 feet at 0.086 oz per ton gold) including 1 meter at             39.73 grams per tonne gold (3 feet at 1.160 oz per ton gold). This hole             was collared from the same pad as SP11-066, but was drilled at an             azimuth of 040 degrees true north with a -45 degree inclination.         --  Holes SP11-066 and -067 tested an area where historic drill holes             reportedly encountered similar mineralization. Some nearby historic             holes were selectively sampled and, in several cases, core is now             missing from these holes. Holes SP11-066 and -067 confirm results in             this area; they also demonstrate overall better continuity of             mineralization when compared to historic data and will be used for             future resource calculations.

www.stockhouse.com/tools/...2Fsn_overview.asp%3Fsymbol%3DV.GCU

   at approximately -75 degrees southwest with a true width estimated at
   about 140 meters. The newly interpreted geometry results in a true
   thickness of approximately 220 meters in this area.
--  The Company has plans to step back and drill under hole SP11-071 to
   further evaluate the continuation of the Portage Zone at depth. Drilling
   is underway along strike from this intercept to the southeast where it
   is believed mineralization should continue.



"Earlier this year, we tested the depth extension of the Portage Zone by drilling hole SP11-063 from the southwest shore to the northeast," states Dr. Quinton Hennigh, Technical Advisor to and Director of Gold Canyon Resources. "As it turns out, that hole drilled down the southwest margin of the deposit encountering its low grade fringe. Hole SP11-071 clearly indicates the deposit dips northeast, is wider than previously thought, and remains open at depth."


Summary of Results from SP11-071
--------------------------------------------------
                                                     Gold             Gold
                     From        To    Length  (grams per  Length  (oz per
Hole               (meters)  (meters)  (meters)      tonne)  (feet)     ton)
--------------------------------------------------
SP11-071             149.0     435.0     286.0        1.03     938    0.030
includes             211.0     408.0     197.0        1.30     646    0.038
includes             250.0     284.0      34.0        2.92     112    0.085
includes             272.0     281.0       9.0        5.53      30    0.161
includes             333.0     345.0      12.0        2.43      39    0.071
includes             391.0     396.0       5.0        3.55      16    0.104
--------------------------------------------------
Weighted averages were used to calculate all reported intervals
Reported intervals apply a 0.2 gram per tonne gold (0.006 oz per ton gold)
lower cutoff
Internal dilution within reported intervals does not exceed core lengths of
5 meters.
1 troy oz = 31.103 grams
Conversion factor - grams per tonne to troy oz per short ton; g/t divided by
34.2857 or g/t multiplied by 0.0292
1 meter = 3.28 feet



Core was logged then split using diamond saws with one half sent for analyses and the other half stored for future reference. Quality control programs include the use of field and laboratory duplicates, standards, blanks, and internal and external check assaying. Certified sample standards were submitted with the normal sample stream. Gold and silver assays were completed by SGS Canada Inc. in Red Lake and Toronto, Ontario using a 30 gram charge, fire assay, with an ICP finish. For over limit assay results, initial assays in excess of 10.0 grams per tonne Au, a gravimetric finish is utilized.

Operational Update

The numerous forest fires in the area that caused delays earlier this summer have diminished. Two barge-based and two land-based drills are currently operating on site and will continue through freeze-up, likely in early November. Approximately 4,000 meters of core have been drilled so far this summer, and it is expected that the drills should produce around 10,000 meters of core, somewhat less than the 12,000 meters that was originally planned. Holes drilled this summer are expected to allow the Company to revise the 43-101 compliant resource estimate for the deposit sometime late in the second half of 2011.

About Springpole

Springpole is an alkaline intrusion hosting a gold system that represents a potentially new style of Canadian Archean Shield gold deposit. The Portage zone is hosted by a trachytic porphyry intrusion displaying polyphase autolithic breccias that host gold mineralization. Other zones including the East Extension, Camp and Main, consist of high-grade veins and pods hosted in diatreme breccias composed of intrusive and country rock fragments. These breccias surround the northwest and northern margins of the Portage Zone. The known mineralized zones underlie a total known area of about 4 square kilometers representing only about 15 percent of the greater alkaline intrusive complex which remains yet to be explored.

Quinton Hennigh, Ph.D., P.Geo. and Alan Roberts, M.Sc., P.Geo. are the Qualified Persons pursuant to National Instrument 43-101 responsible for, and have reviewed and approved, the technical information contained in this news release. Dr. Hennigh is acting as a technical adviser to Gold Canyon and Alan Roberts is the Senior Geologist of Alaska Earth Sciences, Inc. and Project Manager at Springpole.

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 Favourable Lake Poly-metallic property currently under option to Guyana Frontier Mining Corp. pursuant to an option and joint venture agreement entered into in December 2005 - all in the Red Lake Mining District of Ontario, Canada.

Gold Canyon Intersects 106 Meters at 3.36 Grams per Tonne Gold at Springpole Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 24, 2011) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF SECURITIES

Canyon Resources Inc. (TSX VENTURE:GCU) ("Gold Canyon" or "the Company") is pleased to announce that hole SP11-077 has intersected 106 meters at 3.36 grams per tonne gold (348 feet at 0.098 oz per ton gold) including 28 meters at 10.10 grams per tonne gold (92 feet at 0.295 oz per ton gold) at its 100% controlled Springpole Gold Project, located 110 kilometers northeast of the Red Lake Mining Camp, Ontario, Canada. This hole confirms that the Portage Zone exhibits a high grade core on the 0+800 meter section.

To view the map associated with this Press Release, please visit: media3.marketwire.com/docs/gcu-1024-map1.pdf .

   * Diamond drill hole SP11-077 intersected 106 meters at 3.36 grams per tonne gold (348 feet at 0.098 oz per ton gold) including 28 meters at 10.10 grams per tonne gold (92 feet at 0.295 oz per ton gold), one of the longest higher grade intersections yet drilled on the Portage Zone. This vertical infill hole tested the mid section of the Portage Zone on the 0+800 meter section. In addition to this high grade interval, SP11-077 also intersected 77 meters at 0.73 grams per tonne gold (253 feet at 0.021 oz per ton gold) starting at the bedrock interface below the lake bottom demonstrating continuity of mineralization to surface.

   * Diamond drill hole SP11-076 was drilled at an azimuth of 220 degrees true north and an inclination of -45 degrees on the 0+650 meter section. A 121 meter interval at 0.70 grams per tonne gold (397 feet at 0.02 oz per ton gold) was encountered beginning at just 28 meters down hole depth, or a true vertical depth of just 20 meters. This interval of mineralization effectively connects the Portage and East Extension Zones in the near-surface environment.

"Hole SP11-077 gives our first indication that a higher grade core of the Portage Zone is present near the northwest end of the porphyry body," states Dr. Quinton Hennigh, technical advisor and Director of Gold Canyon. "We have seen similar mineralization a few hundred meters further southeast, and we are hopeful that as our infill program progresses, we will see continuity of this higher grade core continue. We are also quite pleased that hole SP11-076 demonstrates near-surface mineralization between the Portage and East Extension Zones. This adds a significant volume of mineralized rock to the overall picture."
Summary of Results from Holes SP11-076 and -077
          §From To Length Gold Length Gold
Hole (meters) (meters) (meters) (grams per tonne) (feet) (oz per ton)
SP11-076 28.0 149.0 121.0 0.70 397 0.020
includes 68.0 71.0 3.0 9.89 10 0.289
          §218.5 231.0 12.5 0.40 41 0.012
          §251.5 264.0 12.5 0.47 41 0.014
          §295.0 387.0 92.0 0.60 302 0.018
includes 345.0 348.0 3.0 5.20 10 0.152
SP11-077 10.0 87.0 77.0 0.73 253 0.021
          §130.0 236.0 106.0 3.36 348 0.098
includes 152.0 180.0 28.0 10.10 92 0.295
includes 152.0 158.0 6.0 26.46 20 0.773
          §291.0 296.0 5.0 0.42 16 0.012
          §307.0 312.0 5.0 0.53 16 0.015
          §334.5 342.0 7.5 0.34 25 0.010
Weighted averages were used to calculate all reported intervals
Reported intervals apply a 0.2 gram per tonne gold (0.006 oz per ton gold) lower cutoff Internal dilution within reported intervals does not exceed core lengths of 8 meters.
1 troy oz = 31.103 grams
Conversion factor – grams per tonne to troy oz per short ton; g/t divided by 34.2857 or g/t multiplied by 0.0292
1 meter = 3.28 feet

Core was logged then split using diamond saws with one half sent for analyses and the other half stored for future reference. Quality control programs include the use of field and laboratory duplicates, standards, blanks, and internal and external check assaying. Certified sample standards were submitted with the normal sample stream. Gold and silver assays were completed by SGS Canada Inc. in Red Lake and Toronto, Ontario using a 30 gram charge, fire assay, with an ICP finish. For over limit assay results, initial assays in excess of 10.0 grams per tonne Au, a gravimetric finish is utilized.

Operational Update

Two barge-based and two land-based drills are currently operating on site and will continue through freeze-up, likely in early November. Approximately 12,000 meters of core have been drilled so far this summer, and it is expected that the drills should produce around 14,000 meters of core, in excess of the 12,000 meters that was originally planned. Holes drilled this summer are expected to allow the Company to revise the 43-101 compliant resource estimate for the deposit sometime late in 2011.

About Springpole

Springpole is an alkaline intrusion hosting a gold system that represents a potentially new style of Canadian Archean Shield gold deposit. The Portage zone is hosted by a trachytic porphyry intrusion displaying polyphase autolithic breccias that host gold mineralization. Other zones, including the East Extension and Main, consist of high-grade veins and pods hosted in diatreme breccias composed of intrusive and country rock fragments. These breccias surround the northwest and northern margins of the Portage Zone. The known mineralized zones underlie a total known area of about 4 square kilometers representing only about 15 percent of the greater alkaline intrusive complex which remains yet to be explored.

Quinton Hennigh, Ph.D., P.Geo. and Alan Roberts, M.Sc., P.Geo. are the Qualified Persons pursuant to National Instrument 43-101 responsible for, and have reviewed and approved, the technical information contained in this news release. Dr. Hennigh is acting as a technical adviser to Gold Canyon and Alan Roberts is the Senior Geologist of Alaska Earth Sciences, Inc. and Project Manager at Springpole.

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 Favourable Lake Poly-metallic property currently under option to Guyana Frontier Mining Corp. 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.

Gold Canyon entered into a Joint Exploration Agreement with the Japan Oil, Gas and Metals National Corporation (JOGMEC) in January 2009.

Additional information can be found on the Company's website: www.goldcanyon.ca

Akiko Levinson, President & Director

www.stockhouse.com/financialtools/...=V.GCU&newsid=8436671

Klar es hätten auch 5 Moz Gold sein können

hatte offensichtlich noch mehr erwartet..

www.frasermackenzie.com/newresearch/...Starogiannis_270212.pdf

hier muss man noch viel geduld haben

www.stockhouse.com/Bullboards/...&r=0&s=GCU&t=LIST

Dalhmann KZ. 6,64 $

CIBC has used a share price target of 60% of NAV  for GCU's being $3.50.

www.stockhouse.com/Bullboards/...&r=0&s=GCU&t=LIST

Gold Canyon Encounters 367.4 Meters at 1.47 Grams Per Tonne Gold at Its Springpole Gold Project

 VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 21, 2012) - Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINKSHEETS:GDCRF) ("Gold Canyon" or "the Company") is pleased to announce it has received all assay results from diamond drill holes that will be included in its upcoming resource update. The holes are part of the 2012 barge drilling program at its 100% controlled Springpole Gold Project located 110 kilometers northeast of the Red Lake Mining Camp, Ontario, Canada. #0000ff">Included in these results is an intercept of 367.4 meters at 1.47 grams per tonne gold (1,205 feet at 0.043 oz per ton gold) from hole SP12-162B and another of 330 meters at 1.40 grams per tonne gold (1,082 feet at 0.041 oz per ton gold) in hole SP12-173..

http://www.marketwire.com/press-release/...sx-venture-gcu-1692688.htm

könnten bis März 50-70% zu holen sein.

Gold Canyon Appoints Richard Moritz as Vice President of Corporate Communications; Grants Incentive Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 15, 2013) - Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINKSHEETS:GDCRF) ("Gold Canyon" or "the Company") is pleased to announce that Mr. Richard Moritz will join the Company as Vice President of Corporate Communications effective January 15, 2013. Mr. Moritz is a senior corporate communications specialist with 27 years' experience in the financial services and corporate communications sectors, primarily focused on the mining industry. His experience runs the full spectrum in the investment sector, having worked in trading, corporate finance, money management and corporate marketing. Mr. Moritz has recently worked with Veris Gold Corp. and previously with Fronteer Gold Inc. as Senior Director of Institutional Investor Relations.

In welcoming the appointment Mr. Troy J. Fierro, Gold Canyon's Chief Executive Officer and a member of the Company's Board of Directors, stated, "We are very pleased Richard has joined our team as it greatly strengthens our ability to communicate to shareholders and the market. Richard is an experienced executive that brings a wealth of knowledge to the organization. I've had the privilege of working with Richard in the past and I look forward to working with him again."

Gold Canyon further announces that it has, pursuant to the Company's Rolling Stock Option Plan, granted incentive stock options to its directors, officers, employees and consultants to purchase an aggregate of 2,725,000 common shares of Gold Canyon. The stock options have a term of five (5) years and are subject to vesting over an 18 month period and have an exercise price of $0.86 per share, representing the previous closing price of the Company's common shares as reported on the TSX Venture Exchange.

www.be24.at/blog/entry/685397/...nzen-goldressource/fullstory/