Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Nov. 16, 2011) – Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) (“Gold Canyon” or “the Company”) is pleased to announce that hole SP11-091 has intersected 310 meters at 1.87 grams per tonne gold (1,017 feet at 0.055 oz per ton gold) including 129 meters at 3.30 grams per tonne gold (423 feet at 0.096 oz per ton gold) demonstrating excellent continuity within the higher-grade core of the Portage Zone. The Company’s highly successful barge drilling program has come to a close for the season. Since July, nearly 13,500 meters have been drilled at Springpole, over 10% more meters than planned.
