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11 February 2008


Gold Canyon starts large-diameter core drilling for gallium

Mineral exploration firm Gold Canyon Resources Inc of Vancouver, British Columbia, Canada says that large-diameter core drilling (announced in late November) has started at its Cordero Gallium Project in Humboldt County, NV, USA (owned through US subsidiary Gold Canyon Resources USA Inc).

The drilling will complement the collection of bulk samples for metallurgical testing in preparation for a pre-feasibility study. The program is also designed to follow-up on results from the previous drill campaigns and to further test the new high-grade model that returned up to 245g/ton of gallium over 25 feet, as well as testing rare-earth element anomalies identified previously.

The firm says that, while it anticipates receiving an updated National Instrument ( NI) 43-101-compliant resource estimation, it has started metallurgical scoping work designed to build on past metallurgical work. Mineral and environmental service provider Mountain States R&D International Inc (MSRDI) of Arizona has received a bulk sample and has started work, with the goal of a final process flow diagram for the production of gallium and other rare-earth elements at Cordero.

The drilling program and metallurgical work is being conducted under the supervision of Douglas Christopherson (the qualified person, as defined by NI 43-101).

At least US$1m is budgeted to meet objectives and take Cordero to the next stage. This follows Gold Canyon raising $3m in mid-December in a private placement of common shares.

See related items:

Gold Canyon closes private placement for $3m

In brief: Riber; JDSU; Gold Canyon

Search: Raw gallium