|Las Vegas, Nevada, October 31, 2006, Canyon Copper Corp. (the 'Company' or 'Canyon Copper') (OTCBB: CYOO) is pleased to announce that a further 322 mineral claims have been acquired by staking. These new claims are contiguous to the north of the claim group that forms the New York Canyon copper project located in the Santa Fe Mining District, Mineral County, Nevada. Canyon Copper now controls more than 1,350 claims covering in excess of 27,000 acres in this mining district.
The new claims were located to cover geology and mineralized prospects along the Luning Formation that hosts the Longshot Ridge and Copper Queen deposits in the south and the Powerline prospect to the north. The new claims cover an approximate 6,600 acre area between the Powerline copper oxide prospect and the past producing Santa Fe gold Mine. The Santa Fe mine was placed into production in the 1980's by Corona Gold Corp. Homestake Mining Corp. acquired Corona in the 1990's and was subsequently acquired by Barrick Gold Corp. Gold mineralization at the Santa Fe Mine mine is hosted predominantly within Triassic age Luning Formation sediments, the same package of rocks that is host to copper mineralization on the New York Canyon property.
About Canyon Copper
Canyon Copper Corp.'s New York Canyon Property is located in the New York Canyon area of the Santa Fe Mining District, Mineral County, Nevada. The project hosts oxide and sulphide copper bearing mineralization outlined by historical operators. The most advanced of these zones is the Longshot Ridge copper oxide deposit. This zone has not been completely outlined and remains open in all directions. The Copper Queen mineralized zone is located approximately three kilometers west of Longshot Ridge and hosts copper and molybdenum sulphide mineralization. Several additional mineralized areas identified throughout the New York Canyon property have yet to be explored.
Canyon Copper has successfully fulfilled its exploration commitments on the New York Canyon project. Geoffrey Goodall, P.Geo. is the Exploration Manager for Canyon Copper and is responsible for the design and supervision of the exploration programs.
On behalf of the Board of Directors,
Canyon Copper Corp.
Anthony Harvey, Director and CEO
For more information contact:
Investor Relations 1-888-331-9326
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.