Ivanhoe’s Kipushi zinc mine in the DRC officially reopens
The restart marked exactly a century since the mine first went into production.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Sept. 8, 2011) – Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) (“Gold Canyon” or “the Company”) is pleased to announce commencement of a rare earth elements (REE) exploration program in Malawi, Africa through its Joint Exploration Agreement (JEA) between the Company and its joint venture participant, Japan Oil, Gas and Metals National Corporation (JOGMEC). This joint venture was established in January 2009 with the goal of targeting strategic REE projects which can be brought into production within a reasonable time frame and capital requirements. A wholly owned joint venture subsidiary, named Spring Stone Limited, a Malawi Corporation, has been established to carry out REE exploration in Malawi. Under the JEA, the participating interest and contributions of each of the joint venture partners has been 80% JOGMEC and 20% Gold Canyon. However, Gold Canyon will increase its participating interest to 33% through pro rata contributions for this Malawi project.
