Las Vegas, Nevada--(Newsfile Corp. - July 11, 2014) - Canyon Gold
Corp. (OTCQB: CGCC) (The Company) is pleased to provide an update on its
progress.
Long Canyon Gold Resources Corp. 'LCGRC'
(a wholly owned subsidiary).
LCGRC owns and or controls through certain
options a 100% interest in 310 mineral lease claims in the Spruce Ridge Area of
Nevada and in addition it controls a 100% interest in 180 mineral lease claims
in the Pequop Mountains of the Long Canyon Trend Area of Nevada. These
sections are adjacent to the original discovery acquire by Newmont Mining for
2.3 Billion Dollars. It is the company's intention to explore its 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.
LCGRC has, in addition, signed a letter agreement
and is completing negotiations to acquire a 51% interest in up to 5,000 acres of
Oil Leases in the state of Utah and Nevada in areas of present drilling
activities.
LCGRC is preparing and planning its phase two
development program on its Gold Claims in Elko County Nevada.
* * *
Marshall Thomsen Ltd. 'Marshall Thomsen'
(a wholly owned subsidiary).
CanyonGold, to provide increased value to its
shareholders, acquired Marshall Thomsen to enter the lucrative Cannabis Industry
and be part of a promising future world trend.
Marshall Thomsen applied to Health Canada
for a license as a commercial grower of cannabis under the new regulations
issued by Health Canada. We are pleased to confirm that the subsidiary has
acquired the right to a 20 acre property in the Fraser Valley of British
Columbia where it plans to build a facility of, initially, 90,000 square feet,
allowing for future expansion on the site. The initial facility will be capable
of producing up to 6 million grams of cannabis per year.
Marshall Thomson concluded the
acquisition-agreement of the target property for its Production Center which
property is subject to "The Property Zoning Bylaw No.1257" that includes medical
marijuana grow-operations.
Marshall Thomsen is in contact with
Health Canada and is making good progress in the steps necessary to secure the
license.
* * *
"After a long period I believe that we are at a point of
reaping the benefits of patience and sound planning and we are looking to a
bright future for the Company and its Subsidiaries in the best interest of the
Companies and its Shareholders", says President Blewett.
Visit us at:
www.canyongoldexploration.com with a link to
Marshall Thomsen
On behalf of the Board of Directors, Delbert G. Blewett,
B.S.C.A. LL.B., President & CEO
Company Contact:
Subsidiary: |
Long Canyon Gold Res.
Corp. |
- |
1
800 520-9485 |
Stephen Studdert,
President |
Subsidiary: |
Marshall Thomsen Ltd. |
- |
1
604 613-1227 |
Tom Thomsen, President
|
Email: cgcc@canyongoldexploration.com
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 with 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.
© 2024 Canjex Publishing Ltd. All rights reserved.