Clarification of Gold Canyon Gallium News Release.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 11, 2001 Gold Canyon Resources Inc. (CDNX CDNX See Canadian Venture Exchange (CDNX). :GCU GCU Grand Canyon University (Phoenix, Arizona, USA) GCU Glasgow Caledonian University GCU Glasgow Caledonian University (UK) GCU Government College University (Lahore, Pakistan) ) (the "Company") - A previously issued news release of the Company dated June 27, 2001 made reference to Calcine cal·cine v. To heat a substance to a high temperature but below the melting or fusing point, causing loss of moisture, reduction, or oxidation and the decomposition of carbonates and other compounds. pile situated on the surface of claims at its Cordero Gallium gallium (găl`ēəm), metallic chemical element; symbol Ga; at. no. 31; at. wt. 69.72; m.p. 29.78°C;; b.p. 2,403°C;; sp. gr. 5.904 at 29.6°C; (solid), 6.095 at 29.8°C; (liquid); valence +2 or +3. Project in Nevada, for which sampling had indicated certain average gallium content and which "resource" was stated as provides the Company with an opportunity to "Fast Track" potential gallium production from the property. The Company has been advised by the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) that the disclosure does not meet the requirements of the new National Instrument 43-101 - Standards of Disclosure of Mineral Projects as it was not based on a Technical Report prepared in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with the National Instrument. The Company is retracting the statement on mineral content and production potential. The assessment contained in the News Release of June 27, 2001 is preliminary in nature, and the material referred to is considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized cat·e·go·rize tr.v. cat·e·go·rized, cat·e·go·riz·ing, cat·e·go·riz·es To put into a category or categories; classify. cat as mineral reserves or resources. The basis for the preliminary assessment was sampling conducted by Robert Carrington of Carrington Consultants, a Registered Professional Geologist who at the time the samples were collected, was contracted as an independent consultant to the Company. The Company is undertaking the preparation of a Technical Report in accordance with the National Instrument on the Cordero Gallium Project in Nevada, the results of which will be filed with the Canadian Venture Exchange. For those unfamiliar with Gold Canyon, additional information can be found on the Company's website: http://www.gcu-vse.com. GOLD CANYON RESOURCES INC. Michael Levinson, Chairman of the Board, President & Director GOLD CANYON RESOURCES INC. Robert Carrington, Chief Executive Officer The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. |
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