Las Vegas, Nevada, September 1, 2006, Canyon Copper Corp. (the 'Company' or 'Canyon Copper') (OTCBB: CYOO) is pleased to provide results from a further five holes of the 2006 drill program on the Company's New York Canyon copper project located in the Santa Fe Mining District, Mineral County, Nevada.
The Company has now received drill results from nine of the 33 holes drilled pursuant to the Company's 2006 drill program completed on the Longshot Ridge zone of the New York Canyon property. The first four holes were previously announced June 5, 2006. Copper mineralization was generally intersected from surface of all five holes reported. All holes summarized in the table below were drilled by reverse circulation methods within the Longshot Ridge area.
The geology of the Longshot Ridge deposit is relatively simple and consistent. The host rocks of the copper mineralization is a flat lying sedimentary sequence of siltstone, dolomite and limestone. The copper mineralization and associated 'skarn' alteration are related to and a result of intrusive felsic porphyry sills and dykes. The copper mineralization consists predominantly of secondary copper minerals such as malachite, azurite, chrysocolla and copper wad (oxide) with minor chalcopyrite and bornite. The strongest, thickest and most continuous mineralization occurs in a NE trending band that is crossed by two NW trending, structurally controlled zones of enrichment Copper analyses are being conducted by Inspectorate America Corporation of Sparks, NV, an ISO 9002 accredited facility, certificate number 37295. As recommended by independent geochemist Barry Smee, P.Geo., the lab made adjustments to their analytical and reporting procedures to comply with industry accepted best practices. One aspect of these changes included providing a matrix matched standard to more closely reflect the copper mineralization at Longshot Ridge. Our sampling protocol and quality control includes a secure chain of custody from collection of samples at the drill rig to delivery to the lab, the blind insertion of specifically prepared and certified standards, field duplicates and blanks, as well as routine testing of pulps at secondary lab facilities. In addition, the lab inserts a matrix matched standard every 40 sample batch. Should a standard report beyond two standard deviations of the known value, the entire batch is rerun. In addition, select batches are submitted to other accredited labs for comparison. Samples are analyzed for total copper using a four acid digestion, a sulphuric acid solubility for copper oxide, a quick leach copper test for comparison purposes as well as atomic absorption analyses for silver, molybdenum and zinc. Total copper is reported in the above table. Final results for the remaining holes of the 2006 drill program are currently being tested for QA/QC compliance and will be released in due course. In addition to the recently completed 33 hole [reverse circulation] and core drill program, Canyon Copper completed further surveys to advance the knowledge of the property. A magnetometer and induced polarization geophysical survey was completed over the Copper Queen, Champion and Longshot mineralized areas to refine further drill targets. Metallurgical testwork is currently underway at both SGS Lakefield and University of Nevada, Reno. Preliminary geological assessment of mineralized prospects elsewhere on the New York Canyon property. Results of these programs are expected to be forthcoming over the next few weeks. About Canyon Copper Canyon Copper Corp.'s New York Canyon Property is located in the New York Canyon area, Mineral County, Nevada. The Company changed its name effective August 8, 2006 to reflect the focus on developing the New York Canyon property. Canyon Copper has under option the rights to explore over 1350 unpatented and patented mineral claims representing approximately 27,000 acres comprising the New York Canyon Copper Project. The project is regionally located within the historic mining district of Santa Fe in the southeastern part of Mineral County, Nevada. The property, which is located seven miles east of the village of Luning and 32 road miles from the town of Hawthorne, hosts significant oxide and sulphide copper bearing mineralization outlined by historical operators. The most advanced of these zones is the Longshot Ridge copper oxide deposit where more than 214 holes have identified copper oxide mineralization over an approximate 700 metre by 500 metre area. This zone has not been completely outlined and remains open in all directions. At the Copper Queen mineralized zone, located approximately three kilometers west of Longshot Ridge, copper and molybdenum sulphide mineralization occurs within a skarn and porphyry style environment. Drill testing by the Company in 2004 and 2005 confirmed the depth and tenor of mineralization in this deposit as shown by hole 175 feet averaging 0.461% copper starting at 530 feet in hole 05-01. Based on a recent magnetic and induced polarization geophysical survey, the signature postulated to be the Copper Queen mineralized system extends over an approximate 1 kilometre by 1.5 kilometre area. There are several additional mineralized areas identified throughout the New York Canyon property, as evidenced by the 2005 prospecting and 2006 geological mapping programs. Copper oxide mineralization occurs at the Buffington Springs and Powerline prospects to the north, at the Champion deposit interstitial to the Copper Queen and Longshot Ridge, as well as areas with historic copper production that have not yet been evaluated, including the Ideal, Wallstreet and York prospects. Canyon Copper has successfully completed its first two years commitment to acquire 100% of the New York Canyon project. The current program is expected to fulfill the remaining commitments prior to year end. Geoffrey Goodall, P.Geo. is the Exploration Manager for Copper Canyon and is responsible for the design and supervision of the exploration programs. On behalf of the Board of Directors, Canyon Copper Corp. Bryan Wilson, President For more information contact: Tom Corcoran Canyon Copper Corporation Corporate Communications Toll Free: 1-888-331-9326 Vancouver, B.C. Disclaimer: This Press Release may contain, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are identified by their use of terms and phrases such as "believe," "expect," "plan," "anticipate" and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from the Company's expectations, and expressly does not undertake any duty to update forward-looking statements. These factors include, but are not limited to the following, the Company's ability to obtain additional financing, geological or mechanical difficulties affecting the Company's planned geological work programs, uncertainty of estimates of mineralized material and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward- looking statements.