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Canyon Copper Appoints Mr. Andrew F. de P. Malim as Director
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Vancouver, BC, January 31, 2008, Canyon Copper Corp. (the 'Company' or
'Canyon Copper') (OTCBB: CYOO) is pleased to announce that Mr. Andrew
F. de P. Malim has agreed to join the Board of Directors of Canyon
Copper.
Mr. Malim is an experienced mining corporate finance executive with
over 30 years dedicated to the financing and management of mining
companies. Mr. Malim has a strong working knowledge of geology and
geologic structures and has been associated with a number of
significant mining discoveries, including the Blackdome Mine and SNIP
high-grade underground gold mining discoveries in British Columbia,
several copper properties in Africa, gold exploration in North and
South America and diamond exploration in the USSR and Africa.
Mr. Malim's personal and corporate achievements include being a full
member of the International Stock Exchange London from 1966 to 1979; a
founding member of the James Capel & Co., mining team from 1968 to
1979; and a founder of the Lion Mining Group in 1981, which until 2004,
acted as financier both as principal and agent to numerous mining
companies and projects. Lion Resource Management Ltd, prior to being
acquired by Arlington Securities Ltd. in 2004, managed the well-known,
'Midas' gold mining funds.
Mr. Malim has held executive and non executive board positions on
numerous North American and UK mining companies including, Azco Mining
Inc; Blackdome Resources Ltd.; Delaware Resources Ltd.; Dragon Gold
Resources Ltd.; MFC- Mining Finance Corporation; Miramar Mining
Corporation; and Kryso Resources Ltd (AIM)
Mr. Malim has written regularly for journals on the subject of mining
finance and has been a regular speaker at mining conferences, including
the World Economic Forum in Washington, D.C.
During 1984 to 1988, Lion's work included research in smaller mining
projects with a number of major mining company clients. In 1985, N M
Rothschild Asset Management took a major stake with Lion Group in MFC
Mining Finance Corporation Inc (MFC) to develop the Blackdome Mine in
south British Columbia. This ex-Noranda project was high-grade and the
feasibility study by Kilborn confirmed 1,000,000 tonnes of 30 g/t gold.
This project was a technical and market success.
During 1985 to 1989, Lion was financier to the SNIP project via
Delaware Resources Ltd. The SNIP was located in northern British
Columbia. The SNIP was similar to the Blackdome in grade and tonnage
and style of mineralization. The SNIP came into profitable production
and closed around 1999.
About Canyon Copper
Canyon Copper Corp.'s New York Canyon Property is located in the New
York Canyon area of the Santa Fe Mining District, Mineral County,
Nevada. The project hosts oxide and sulphide copper bearing
mineralization outlined by historical operators. The most advanced of
these zones is the Longshot Ridge copper oxide deposit. This zone has
not been completely outlined and remains partially open. The Copper
Queen mineralized zone is located approximately three Kilometres west
of Longshot Ridge and hosts copper and molybdenum sulphide
mineralization. Several additional mineralized areas identified
throughout the New York Canyon property have yet to be explored.
On behalf of the Board of Directors,
"Anthony Harvey"
CANYON COPPER CORP.
Anthony R. Harvey, Chairman and CEO
Corporate Communications for Canyon Copper:
Mr. Thomas Corcoran -- also via Web: www.canyoncc.com Continental North
America Toll Free: 1-888-331-9326 or (604) 331-9326
This Press Release may contain, in addition to historical information,
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and section 21E of the Securities
Exchange Act of 1934, as amended. These forward-looking statements are
identified by their use of terms and phases such as "believe,'
"expect,' "plan,' "anticipate" and similar expressions identifying
forward-looking statements. Investors should not rely on
forward-looking statements because they are subject to a variety of
risks, uncertainties and other factors that could cause actual results
to differ materially from the Company's expectations, and expressly
does not undertake any duty to update forward-looking statements. These
factors include, but are not limited to the following, the Company's
ability to obtain additional financing, geological, mechanical or
difficulties affecting the Company's planned geological work programs,
uncertainty of estimates of mineralized material and other factors
which may cause the actual results, performance or achievements of the
Company to be materially different from any future results, performance
or achievements expressed or implied by such forward-looking
statements.
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Copyright (c) 2008 CANYON COPPER CORP. (CYOO) All rights reserved.
For more information visit our website at http://www.canyoncc.com/ or
send mailto:info@canyoncc.com
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