Expert Analysis
Morning Coffee (1/27/12) "Gold Canyon Resources Inc. got investors excited Thursday after announcing that it has received assays for two holes drilled in the Portage zone in December 2011, highlighted by hole SP11-106 that intersected 127.5m of 3.51 g/t gold, including 50m at 7.73 g/t gold. . .although hole SP11-106 is positioned just 50m further northwest from hole SP11-104 (148m of 1.66 g/t gold), its grades are significantly higher, suggesting there is a higher-grade chute present in this area."
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Killian Charles, Industrial Alliance Securities (1/26/12) Gold Canyon Resources Inc. released two new drill holes and updated the schedule for its resource estimate. . .the company reports that its resource will be delayed. . .the resource can now incorporate all holes drilled in the previous exploration campaign. . .the high-grade intercept in hole SP11-106 represents a potential high-grade chute that remains open to depth. Hole SP11-107 supports GCU's theory that the Portage Zone continues below the Main Zone. . .we continue to believe that the Springpole gold project contains a substantial gold resource."
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http://www.theaureport.com/pub/co/1115#quote
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