LAS VEGAS, Nov. 7, 2013 (GLOBE NEWSWIRE) -- Canyon Gold Corp. (OTCQB:CGCC) (The company) a gold exploration company with substantial claims in a region of Nevada experiencing vast new gold discoveries, looks to a bright future.
"Having completed the planned relocation into the United States and established operations offices in Salt Lake City in close proximity to the claim sites of the company, the company is now positioned to move quickly and smartly into the next planned phase," says company president Stephen M. Studdert.
"We at CanyonGold believe the value potential of the company's substantial holdings in Nevada's mineral-rich Spruce Ridge – Long Canyon Trend coupled with the careful capital-allocation and resource deployment strategy of Canyon Gold has positioned the company to move forward into the next phase of claims exploration and development. This careful strategy is being well received by a growing number of institutional and individual investors who are finding the company of investment interest," says Mr. Studdert. "Together with promising mineral leases, new additional claims and together with our investor relation's team Canyon Gold will be able to provide shareholders and potential investors extensive awareness of what we believe are exciting prospects of Canyon Gold. The company's goals remain focused on shareowner value."
The Company's Business:
CanyonGold owns and or controls through certain options a 100% interest in 310 mineral lease claims in the Spruce Ridge area of Nevada. It is the company's intention to explore their claims for the same type of target, a large tonnage gold deposit similar to the West Pequop Mountains Long Canyon type of Carlin Type gold deposit. CanyonGold will use similar exploration techniques modified to fit the characteristics of the Spruce Hills property which have fracturing and alteration mineral geology similar to that of Long Canyon.
Visit us at: www.canyongoldexploration.com
On behalf of the Board of Directors, Stephen M. Studdert, President & CEO,
Company Contact: Phone: 1 888 788-0986
Email: cgcc@canyongoldcorporation.com . SOURCE: Canyon Gold Corp.
The Company trades on the OTC-BB/QB tier of the OTC market. Investors can find Real-time quotes and market Information for the Company on http://www.otcmarkets.com/stock/CGCC/quote
Forward-Looking Statements
This news release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives or expected results of the Company, are forward-looking statements that involve various risks and uncertainties. Forward looking statements in this news release include that we will carry out an exploration program and exercise our option to lease additional claims. There can be no assurance that such statements will prove to be accurate and actual outcomes and results could materially differ from what is expressed, implied, or forecasted in forward-looking statements. Factors which may delay or prevent these forward-looking statements from being realized include misinterpretation of data; we may not be able to get equipment or labor as we need it; we may not be able to raise sufficient funds to complete our intended exploration or carry on operations; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures outlined in the Company's most recent reports filed with the Securities and Exchange Commission.
