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Canyon Copper Completes Staking at Munro Warden Project
Vancouver, British Columbia (FSCwire) - Canyon Copper Corp. ("Canyon") (TSX-V: CNC) is pleased to announce that it has acquired by staking 5 claim blocks, total
About this update from Searchlight Resources Inc.
[{"type":"text","content":"Vancouver, British Columbia (FSCwire) - Canyon Copper Corp. (\"Canyon\") (TSX-V: CNC) is pleased to announce that it has acquired by staking 5 claim blocks, totalling 384 hectares, covering geological prospective areas close to its Munro Warden property which is located approximately 85 kilometres east of Timmins, Ontario and 55 kilometres north of Kirkland Lake, Ontario. The original Munro Warden holdings, optioned in July 2017, consisted of 9 mining leases and 6 mineral claims totalling 717 hectares located in the eastern part of the Kidd-Munro assemblage of the Abitibi Greenstone Belt. With the addition of the new staking Canyon’ holdings will now total 1,101 hectares in Munro and Warden townships. This staking is part of the Canyon’s plan to acquire strategic claims by cost effective staking to consolidate the Company’s position around each of the company’s projects. During an August 2017 site visit to the optioned Munro Warden claims a series of grab samples were collected. The results are shown in table below. Element Symbol Au Ag Co Cu Cu Ni Zn Unit Symbol ppb ppm ppm ppm % ppm ppm 029125 Grab Sample 35 4.65 138 15700 1.57 356 2430 029126 Grab Sample < 5 0.35 259 291 0.03 344 79 029127 Grab Sample 414 24.1 391 23000 2.30 114 8100 029128 Grab Sample 19 1.19 119 944 0.09 336 650 029129 Grab Sample < 5 0.91 310 1820 0.18 451 195 029130 Grab Sample < 5 0.03 166 1190 0.12 2000 106 Stephen Wallace, President and CEO of Canyon stated “We are pleased with results of small number of grab samples which reflect the VMS potential at Munro Warden. “ Location of Munro Warden Project in Ontario Location of new Munro Warden claims Location of new Munro Warden claims The new staking is in part based on data from the Targeted Geoscience Initiative III - (TGI III) – Kidd Munro Assemblage completed by Natural Resources Canada and the Ontario Geological Survey. An initiative to facilitate the discovery of base metal deposits in the vicinity of established, base metal mining communities. The Munro Warden property is located in the eastern part of the Kidd-Munro assemblage of the Abitibi Greenstone Belt. The Abitibi greenstone belt is one of the largest, best-preserved, and mineral-rich greenstone belts in the world. The Kidd-Munro sequence hosts a number of mineral deposits, including the world-class Kidd Creek volcanoge...