Gold Canyon Resources Inc. (TSXV:GCU) announced the drill results from the 2012 barge drilling program at its Springpole Gold project in Ontario.
As quoted in the press release:
Included in these results is an intercept of 311.2 meters at 1.81 grams per tonne gold (1,021 feet at 0.053 oz per ton gold) including 107.1 meters at 2.79 grams per tonne gold (351 feet at 0.081 oz per ton gold) and 30.5 meters at 3.66 grams per tonne gold (100 feet at 0.107 oz per ton gold) from hole SP12-179.
Dr. Quinton Hennigh, technical advisor to and director of Gold Canyon, commented:
Hole SP12-179 is an infill hole on the 0+700 meter section where we previously had a gap in drilling. This hole demonstrates continuity of mineralization to a depth of 360 meters here, nearly 60 meters beneath the potential pit pulled in the National Instrument 43-101 (“NI 43-101″) compliant resource estimate announced on February 27, 2012. Because of the significance of this hole, we plan to include this and other recent holes in the upcoming NI 43-101 compliant resource update scheduled for Q4 of this year.