Business
Canyon and Sandfield Terminate Earn-In Agreement on Moonlight Property
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2014) - Canyon Copper Corp. (TSXV: C...
About this update from Searchlight Resources Inc.
[{"type":"text","content":"\nCanyon and Sandfield Terminate Earn-In Agreement on Moonlight PropertyVancouver, British Columbia--(Newsfile Corp. - June 27, 2014) - Canyon Copper Corp. (TSXV: CNC) (\"Canyon\") announces \nthat it entered into a termination agreement (the \"Termination Agreement\") with \nSandfield Resources Ltd. (\"Sandfield\") whereby the parties terminated \nSandfield's right to earn up to a 70% interest in the Moonlight Property in \naccordance with the terms an Earn-In Agreement between Canyon and Sandfield. As \na result, the parties are released and discharged of all of their obligations \nunder the Earn-In Agreement. \nCanyon is currently reviewing data on the Moonlight Copper \nProperty to determine an appropriate exploration program in due course. \nEvaluation includes the review of a successful column leach test on copper oxide \nsamples from drill core, that was prepared by SGS (SGS provides metallurgical \ntest services to the mining industry). \nOn behalf of the Board of Directors, \n\"Benjamin Ainsworth\" \nCANYON COPPER CORP. Benjamin Ainsworth, President\nContact: \n Canyon Copper Corp. \n Investor Relations \n 1-888-331-9326 \n (604) 331-9326 \n (604) 684-9365 (FAX) \n [email protected]\nCautionary Statement Regarding Forward Looking Information \n\nThis News Release may contain, in addition to historical \ninformation, forward-looking statements. These forward-looking statements are \nidentified by their use of terms and phases such as \"believe,\" \"expect,\" \"plan,\" \n\"anticipate\" and similar expressions identifying forward-looking statements. \nInvestors should not rely on forward-looking statements because they are subject \nto a variety of risks, uncertainties and other factors that could cause actual \nresults to differ materially from Canyon's expectations, and expressly does not \nundertake any duty to update forward-looking statements. These factors include, \nbut are not limited to the following, limited operating history, proposed \nexploration and/or drill programs and other factors which may cause the actual \nresults, performance or achievements of Canyon to be materially different from \nany future results, performance or achievements expressed or implied by such \nforward-looking statements. \nNEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES \nPROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF...