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Canyon Resources Corporation  is continuously evaluating other advance-stage precious metal projects in the western United States and Mexico in efforts to increase shareholder value through new discoveries or acquisitions.

Canyon Resources Corporation   [CAU:AMEX]   

El Aguila, Oaxaca. Gold Resource Corporation, a private Colorado corporation, is continuing exploration of its El Aguila property in the state of Oaxaca, Mexico, that is subject to an earn-in agreement with Canyon Resources Corporation. Two rounds of exploration drilling at the property have demonstrated continuity of high-grade gold mineralization in a shallow, sub-horizontal silica "manto" that had previously shown high-grade values from sampling on the surface and from shallow underground workings. The drilling has shown continuity of the manto with 25 high-grade intercepts above 3 g/tonne gold (0.09 oz/ton) having a weighted average of approximately 9.5 g/tonne gold (0.28 oz/ton) and 90 g/tonne silver (2.6 oz/ton) over an average 5.3 meter thickness (17.5 feet).

wwwInfo15Jan05