Gold Canyon Resources Inc.

Gold Canyon Resources Inc.

June 22, 2010 13:23 ET

Gold Canyon Announces Springpole Summer Drill Program to Begin Shortly

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 22, 2010) - Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) ("Gold Canyon" or "the Company") is pleased to announce that mobilization for its summer drill program at its 100% controlled Springpole Gold Project in the Red Lake Mining District in Ontario, Canada has begun.

  • The Summer 2010 diamond drill program will total approximately 6,000 meters. Two drills from Rodren Drilling of Winnipeg, Manitoba, have been contracted to undertake the program. 

  • Extending the Portage Zone to the southeast is a primary focus of this campaign. Previously announced results from the Portage Zone from Winter 2010, include 64.0 meters @ 3.30 grams per tonne gold (209.9 feet @ 0.096 oz per ton gold) in hole SP10-002 and 55.0 meters @ 2.21 grams per tonne gold (180.4 feet @ 0.065 oz per ton gold) in hole SP-005. If successful, step-out holes will extend this zone of porphyry-style mineralization to an overall length of nearly one kilometer. Additional holes will evaluate this zone at depths of greater than 250 meters where it remains open.

  • Extensions of the high grade East Zone will also be tested including a drill "gap" between the East Extension and Portage Zones.

  • Additional target areas have been selected between the high grade Main Zone and porphyritic-style Portage Zone to define the link between these two distinct zones of gold mineralization.

"We are extremely pleased to return to the work of moving Springpole toward pre-feasibility," states Quinton Hennigh, technical advisor to Gold Canyon. "A review of results from our 2010 Winter program suggests the Portage Zone is higher grade than demonstrated by historic drilling. Our drill recoveries were great, and we believe this contributed to better, and more consistent grades across this robust zone. Much of this summer's program continues to test this zone, so we are hopeful we will see further improvement in size and grade."

Quinton Hennigh, Ph.D., P.Geo., is the Qualified Person pursuant to National Instrument 43-101 responsible for, and has reviewed and approved, the technical information contained in this news release. Dr. Hennigh is acting as a technical advisor to Gold Canyon.

About Gold Canyon Resources Inc.:

Gold Canyon is engaged in the acquisition and exploration of mineral and precious metals properties. The Company controls a 100% interest in the Springpole Gold - Horseshoe Island Gold, Platinum, Palladium Project and Favourable Lake Poly-metallic property currently under option to Shoreham Resources Inc. pursuant to an option and joint venture agreement entered into in December 2005 - all in the Red Lake Mining District of Ontario, Canada.

Through its wholly owned U.S. subsidiary, Gold Canyon Resources USA Inc., the Company controls a 100% interest in the Cordero Gallium Project situated in Humboldt County, Nevada, U.S.A.

Gold Canyon entered into a Joint Exploration Agreement with the Japan Oil, Gas and Metals National Corporation (JOGMEC) in January 2009.

Additional information can be found on the Company's website:

Akiko Levinson,
President & Director

Certain statements contained in this news release using the terms "may", "expects to", "project", "estimate", "plans", and other terms denoting future possibilities, are forward-looking statements in respect to various issues including upcoming events based upon current expectations which involve risks and uncertainties that could cause actual outcomes and results to differ materially. The future conduct of the Company's business and the feasibility of its mineral exploration properties are dependent upon a number of factors and there can be no assurance that the Company will be able to conduct its operations as contemplated and the accuracy of these statements cannot be guaranteed as they are subject to a variety of risks that are beyond our ability to predict or control and which may cause actual results to differ materially from the projections or estimates contained herein. The risks include, but are not limited to, the risks described in the above press release; those risks set out in the company's disclosure documents and its annual, quarterly and current reports; the fact that exploration activities seldom result in the discovery of a commercially viable mineral resource and are also significant amounts of capital to undertake and the other risks associated with start-up mineral exploration operations with insufficient liquidity, and no historical profitability. The Company disclaims any obligation to revise any forward looking statements as a result of information received after the fact or regarding future events.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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