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Tuesday, August 14, 2012

Gold Canyon announces Phase ii of Mulanje Rare Earth Project

Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINKSHEETS:GDCRF) ("Gold Canyon" or "the Company") is pleased to announce Phase II work has begun at its Chambe Basin rare earth elements (REE) project in Malawi, Africa. The Chambe Basin REE Project, covered by a 400 sq km prospecting license, is being explored through a Project Venture Agreement (PVA) between Gold Canyon (33%) and partner, Japan Oil, Gas and Metals National Corporation (JOGMEC; 67%), and belongs to the Company's wholly owned joint venture subsidiary, Spring Stone Limited, a Malawi Corporation. Mitsui Mineral Development Engineering Co., Ltd (MINDECO) of Japan is the contract operator of the program
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