Gold Canyon Resources Inc.
TSX VENTURE : GCU
PINK SHEETS : GDCRF

Gold Canyon Resources Inc.

April 12, 2007 13:01 ET

Gold Canyon Discovers New Gold Zone at Springpole-0.245 opt Gold Over 14 Feet Within 20 Feet of Semi-Massive Cherty Sulphides

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 12, 2007) - Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) ("Gold Canyon" or "the Company") is pleased to announce the results from its 2007 Winter Drill Program at the Company's Springpole Gold Project located in the Red Lake Mining District of Ontario, Canada.

Hole BL07-383 tested a significant new style of gold mineralization outside of the Core Resource Estimate Area and hit 0.245 ounces per ton gold ("opt Au") over 14 feet, (i.e. 8.4 grams per tonne gold ("gpt Au") over 4.26m) within a broader 20 foot (6 m) zone of bedded, cherty sulphides with minor banded iron formation. This is a new, sediment hosted discovery that remains open at depth and along strike to the north. The drill remains on the property in anticipation of continued drilling.

This winter's drill program was designed to address two specific objectives at Springpole. One objective was to continue exploring the promising new "SW Target Area" identified by the Company as a result of its ongoing 3D alteration modelling, MMI soil geochemistry and field mapping.

The other objective was to test for north-west extensions to the Core Area Resource where no previous drilling has been recorded. The potential "NW Extension Zones" were interpreted by the exploration team to be entirely new, sediment-hosted, targets that had not been previously explored.

Results of the 2007 Winter Drill program:

The Core Resource Area is comprised of numerous, sub-parallel gold zones striking north to north-west. The central, potential extension to the Core Resource returned a highly significant gold intersection over 20 feet (6m) in cherty, semi-massive sulphides. This new discovery remains unexplored at depth and to the north. (BL07-383 was drilled after -384)



Target: NW Extensions to Core Area, Central Target

Hole From m To m Au gpt Width Au opt Width
BL07-383 42.00 43.00 1.038 /1.00m 0.030 / 3.3ft
43.00 47.26 8.399 /4.26m 0.245 /14.0ft
47.26 48.00 0.464 /0.74m 0.014 / 2.4ft

BL07-384 80.54 81.54 1.524 /1.00m 0.044 / 3.3ft
149.36 149.91 2.853 /0.55m 0.083 / 1.8ft


Drilling of the western-most potential extension intersected numerous and prospective interflow, cherty sulphides with anomalous gold similar to the SW Target Area anomalies.



Target: NW Extensions to Core Area, Western Target

Hole From m To m Au gpt Width Au opt Width
BL07-378 89.62 90.16 19.319 /0.54m 0.564 / 1.8ft
114.22 116.00 2.845 /1.78m 0.083 / 5.8ft
132.96 133.87 0.687 /0.91m 0.020 / 3.0ft
135.38 135.87 3.049 /0.49m 0.089 / 1.6ft

BL07-379 56.89 57.26 14.069 /0.37m 0.410 / 1.2ft
60.81 61.10 5.648 /0.29m 0.165 / 1.0ft
107.00 107.51 2.130 /0.51m 0.062 / 1.7ft
117.26 117.76 2.211 /0.50m 0.065 / 1.6ft

BL07-380 116.05 116.61 1.054 /0.56m 0.031 / 1.8ft
138.00 138.42 4.188 /0.42m 0.122 / 1.4ft

BL07-381 no significant assays

BL07-382 no significant assays


The SW Target Area is a 200 meter wide band of gold-bearing, gossanous (pyritic), parallel anomalies interpreted from MMI soil geochemistry to have a strike potential of over 2.6 kms. The eastern-most 400 meters of this new Target Area was tested during the Winter 2007 Drill Program.

All drill holes intercepted numerous and prospective interflow, cherty sulphides with anomalous gold. The new exploration model interpreted the stratigraphy in the area to be trending at 90 degrees to what was previously believed. This model was proved to be correct by the 2007 drilling.



Target: SW Area, Target 1-3

Hole From m To m Au gpt Width Au opt Width
BL07-374 93.93 95.00 0.405 /1.07m 0.012 / 3.5ft
127.77 128.59 0.826 /0.82m 0.024 / 2.7ft
163.00 167.00 0.687 /4.00m 0.020 /13.1ft

BL07-375 110.55 111.24 2.316 /0.69m 0.068 / 2.3ft

BL07-376 29.20 29.93 2.444 /0.73m 0.071 / 2.4ft
50.27 50.58 2.098 /0.31m 0.061 / 1.0ft
100.43 101.00 1.096 /0.57m 0.032 / 1.9ft

BL07-377 105.45 105.95 3.155 /0.50m 0.092 / 1.6ft
110.49 110.88 1.075 /0.39m 0.031 / 1.3ft
148.12 152.00 1.075 /3.88m 0.031 /12.7ft


The exploration team believes the 3D modelling of the Core Resource, based on geochemical assaying, and the alteration patterns interpreted during summer field programs, has greatly facilitated efforts to make new gold discoveries at Springpole. The last hole drilled in the program, BL07-383, has proven the existence of a new, sediment-hosted gold zone with significant grades and widths.

Core was logged, then split using diamond saws, with one half sent for analyses and the other half stored for future reference. Quality control programs include the use of duplicates, standards and internal and external check assaying. Certified sample standards were submitted with the normal sample stream.

Mr. Garry Smith, P. Geo is the Company's qualified person on the Springpole project as defined by National Instrument 43-101. The 2007 winter drilling program was conducted under Mr. Smith's supervision. All results reported herein were reviewed and verified by Mr. Smith.

About Gold Canyon Resources Inc.:

Gold Canyon is engaged in the acquisition and exploration of mineral and precious metals properties and currently controls a 100% interest in the Springpole Gold Project and the Favourable Lake Poly-metallic Project, both in the Red Lake Mining District of Ontario, Canada. The Company through its wholly owned US subsidiary, Gold Canyon Resources USA Inc. also controls a 100% interest in the Cordero Gallium Project situated in Humboldt County, Nevada, U.S.A. Additional information can be found on the Company's website: http://www.goldcanyon.ca.

Garry K. Smith, VP Exploration

Certain statements contained in this news release using the terms "may", "expects to", "projects", "estimates", "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 contemplate 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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