[Marinir] {Disarmed} Gold Canyon (TSX-V: GCU) Drills 17.48 g/t Gold over 24 Metres

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GOLD CANYON INTERCEPTS 24 METERS AT 17.48 GRAMS PER TONNE GOLD AT 
SPRINGPOLE GOLD PROJECT 

Gold Canyon Resources Inc. (TSX Venture Exchange: GCU 

http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=GCU®ion=C&lookup=symbol&snapshot=default 

) ("Gold Canyon" or "the Company") is pleased to announce hole SP11-066 
intersected 24 meters at 17.48 grams per tonne gold (79 feet at 0.510 oz 
per ton gold) including 6 meters at 52.60 grams per tonne gold (20 feet 
at 1.536 oz per ton gold) at its 100% controlled Springpole Gold 
Project, located 110 kilometers northeast of the Red Lake Mining Camp, 
Ontario, Canada. 

Diamond drill hole SP11-066 intersected 24 meters at 17.48 grams per 
tonne gold (79 feet at 0.510 oz per ton gold) including 6 meters at 
52.60 grams per tonne gold (20 feet at 1.536 oz per ton gold). Applying 
a 1 oz per ton (34.29 grams per tonne) top cut, these intervals are 24 
meters at 10.31 grams per tonne gold (79 feet at 0.301 oz per ton gold) 
including 6 meters at 29.45 grams per tonne gold (20 feet at 0.859 oz 
per ton gold). This hole was collared along the southwest margin of the 
East Extension Zone and drilled at an azimuth of 020 degrees true north 
with a -45 degree inclination. Remaining un-assayed core from this hole 
will be submitted for metallurgical testing to characterize ore from the 
East Extension Zone. 

Diamond drill hole SP11-067 intersected 39 meters at 2.93 grams per 
tonne gold (128 feet at 0.086 oz per ton gold) including 1 meter at 
39.73 grams per tonne gold (3 feet at 1.160 oz per ton gold). This hole 
was collared from the same pad as SP11-066, but was drilled at an 
azimuth of 040 degrees true north with a -45 degree inclination. 

Holes SP11-066 and -067 tested an area where historic drill holes 
reportedly encountered similar mineralization. Some nearby historic 
holes were selectively sampled and, in several cases, core is now 
missing from these holes. Holes SP11-066 and -067 confirm results in 
this area; they also demonstrate overall better continuity of 
mineralization when compared to historic data and will be used for 
future resource calculations. 

"We are very pleased to confirm high grades at shallow depth in the East 
Extension Zone," states Dr. Quinton Hennigh, Technical Advisor to and 
Director of Gold Canyon. "Although East Extension is a smaller target 
than the Portage Zone, it could potentially make a good starter pit. 
Holes SP11- 066 and -067 demonstrate good continuity of high-grade 
mineralization along the southwest margin of this deposit. These results 
coupled with the corridor of near-surface mineralization that we 
discovered in drilling between the Portage Zone and East Extension last 
summer suggest we might ultimately be able to connect these two 
deposits." 

Summary of Results from SP11-066 and -067 

Hole From 

(meters) To 

(meters) Length 

(meters) Gold 

(g/t) Gold 

(g/t) 

- top cut to 

34.29 gpt Length 

(feet) Gold 

(oz per ton) Gold 

(oz per ton) 

top cut 

to 1 opt 

SP11-066 16.0 40.0 24.0 17.48 10.31 79 0.510 0.301 

includes 22.0 23.0 1.0 67.54 34.29 3 1.972 1.000 

includes 30.0 36.0 6.0 52.60 29.45 20 1.536 0.859 

includes 34.0 35.0 1.0 117.94 34.29 3 3.444 1.000 

SP11-067 15.0 54.0 39.0 2.93 2.79 128 0.086 0.081 

includes 41.0 42.0 1.0 39.73 34.29 3 1.160 1.000 

105.0 109.0 4.0 2.03 NA 13 0.059 NA 

Weighted averages were used to calculate all reported intervals 

Reported intervals apply a 0.2 gram per tonne gold (0.006 oz per ton 
gold) lower cutoff 

Internal dilution within reported intervals does not exceed core lengths 
of 2 meters. 

1 troy oz = 31.103 grams 

Conversion factor - grams per tonne to troy oz per short ton; g/t 
divided by 34.2857 or g/t multiplied by 0.0292 

1 meter = 3.28 feet 

Diamond drill hole SP11-064 was drilled from the southwest shore of 
Springpole Bay on the +300 section at an azimuth of 040 degrees true 
north and an inclination of -45 degrees. This hole encountered numerous 
intervals of gold and silver mineralization as well as typical Portage 
Zone style alteration, but appears to have followed the southwest margin 
of the zone. 

Based on 3-dimensional and geostatistical modelling of the results of 
SP11-064 and other recent drill holes, it is now believed that the 
Portage Zone dips moderately to steeply northeast as opposed to 
southwest as previously believed. Holes SP11-070 and -071, part of the 
summer-fall 2011 drill program, and both currently in progress, are 
drilled from the northeast shore of Springpole Lake, adjacent to camp, 
toward the southwest, and are designed to better test this newly 
interpreted geometry. The results from both holes will be included in 
future resource calculations. 

Summary of Results from SP11-064 

Hole From 

(meters) To 

(meters) Length 

(meters) Gold 

(g/t) Silver 

(g/t) Length 

(feet) Gold 

(oz/t) Silver 

(oz/t) Silver-to-Gold 

Ratio 

SP11-064 61.0 63.0 2.0 4.20 78.00 7 0.123 2.278 18.6 

154.0 156.0 2.0 1.26 42.80 7 0.037 1.250 34.0 

263.0 264.0 1.0 1.82 34.90 3 0.053 1.019 19.2 

407.0 415.0 8.0 0.51 3.71 26 0.015 0.108 7.3 

439.0 444.0 5.0 0.74 4.46 16 0.022 0.130 6.0 

479.0 489.0 10.0 0.41 0.88 33 0.012 0.026 2.1 

510.0 514.0 4.0 0.44 0.65 13 0.013 0.019 1.5 

535.0 561.0 26.0 0.40 1.31 85 0.012 0.038 3.3 

571.0 576.0 5.0 0.39 3.95 16 0.011 0.115 10.1 

627.5 633.5 6.0 0.39 2.18 20 0.011 0.064 5.6 

Weighted averages were used to calculate all reported intervals 

Reported intervals apply a 0.2 gram per tonne gold (0.006 oz per ton 
gold) lower cutoff 

Internal dilution within reported intervals does not exceed core lengths 
of 2 meters. 

1 troy oz = 31.103 grams 

Conversion factor - grams per tonne to troy oz per short ton; g/t 
divided by 34.2857 or g/t multiplied by 0.0292 

1 meter = 3.28 feet 

Holes SP11-061, -065 -069, all recently completed core holes, will be 
assayed later in the year when they undergo an extensive series of 
metallurgical tests. 

Operational Update 

On August 1, a medium lift helicopter mounted drills on each of the two 
barges currently on-site at Springpole. Availability of a suitable 
helicopter to lift the drills onto the barges has been hampered by the 
need of such aircraft to help fight extensive forest fires that have 
erupted in NW Ontario since early July. Due to this and other fire 
related issues, the Company's summer drill program has experienced 
slower core production than planned. Dry and warm weather conditions 
persist and the Springpole base camp remains on high alert. 

Two land-based drills have operated continuously at Springpole since 
late June. These rigs are currently drilling holes SP11-070 and -071, 
both tests of the Portage Zone drilled from the northeast shore of 
Springpole Lake. In addition, four metallurgical holes have recently 
been completed and will undergo an extensive series of metallurgical 
tests to be run over the next several months. With the barge drills 
operational, the Company plans to keep four drills operating through 
freeze-up, likely in early November. These rigs should produce around 
9,000 meters of core, which is less than the 12,000 meters that was 
originally planned. Holes drilled this summer are expected to allow the 
Company to revise the 43-101 compliant resource estimate for the deposit 
sometime late in the second half of 2011. 

About Springpole 

Springpole is an alkaline intrusion hosting a gold system that 
represents a potentially new style of Canadian Archean Shield gold 
deposit. The Portage zone is hosted by a trachytic porphyry intrusion 
displaying polyphase autolithic breccias that host gold mineralization. 
Other zones, including the East Extension, Camp and Main, consist of 
high-grade veins and pods hosted in diatreme breccias composed of 
intrusive and country rock fragments. These breccias surround the 
northwest and northern margins of the Portage Zone. The known 
mineralized zones underlie a total area of about 4 square kilometers 
representing only about 15 percent of the greater alkaline intrusive 
complex which remains yet to be explored. 

Core was logged then split using diamond saws with one half sent for 
analyses and the other half stored for future reference. Quality control 
programs include the use of field and laboratory duplicates, standards, 
blanks, and internal and external check assaying. Certified sample 
standards were submitted with the normal sample stream. Gold and silver 
assays were completed by SGS Canada Inc. in Red Lake and Toronto, 
Ontario using a 30 gram charge, fire assay, with an ICP finish. For over 
limit assay results, initial assays in excess of 10.0 grams per tonne 
Au, a gravimetric finish is utilized. 

Quinton Hennigh, Ph.D., P.Geo. and Alan Roberts, M.Sc., P.Geo. are the 
Qualified Persons pursuant to National Instrument 43-101 responsible 
for, and have reviewed and approved, the technical information contained 
in this news release. Dr. Hennigh is acting as a technical adviser to 
Gold Canyon and Alan Roberts is the Senior Geologist of Alaska Earth 
Sciences, Inc. and Project Manager at Springpole. 

About Gold Canyon Resources Inc.: 

Gold Canyon is engaged in the acquisition and exploration of mineral and 
precious metals properties. The Company controls a 100% interest in the 
Springpole Gold - Horseshoe Island Gold, Platinum, Palladium Project and 
Favourable Lake Poly-metallic property currently under option to Guyana 
Frontier Mining Corp. pursuant to an option and joint venture agreement 
entered into in December 2005 - all in the Red Lake Mining District of 
Ontario, Canada. 

Through its wholly owned U.S. subsidiary, Gold Canyon Resources USA 
Inc., the Company controls a 100% interest in the Cordero Gallium 
Project situated in Humboldt County, Nevada, U.S.A. 

Gold Canyon entered into a Joint Exploration Agreement with the Japan 
Oil, Gas and Metals National Corporation (JOGMEC) in January 2009. 

Additional information can be found on the Company's website: 
www.goldcanyon.ca 

http://www.goldcanyon.ca 

Akiko Levinson, 

President & Director 

For further information, please contact: 

Tel: (604) 682-3234 Toll free: 1 (888) 242-3234 Fax: (604) 682-0537 
info at goldcanyon.ca 

Investor Relations: Leo Karabelas, Tel: (416) 543-3120 Email: 
leo at frontlineir.com 

Certain statements contained in this news release using the terms "may", 
"expects to", "project", "estimate", "plans", and other terms denoting 
future possibilities, are forward-looking statements in respect to 
various issues including upcoming events based upon current expectations 
which involve risks and uncertainties that could cause actual outcomes 
and results to differ materially. The future conduct of the Company's 
business and the feasibility of its mineral exploration properties are 
dependent upon a number of factors and there can be no assurance that 
the Company will be able to conduct its operations as contemplated and 
the accuracy of these statements cannot be guaranteed as they are 
subject to a variety of risks that are beyond our ability to predict or 
control and which may cause actual results to differ materially from the 
projections or estimates contained herein. The risks include, but are 
not limited to, the risks described in the above press release; those 
risks set out in the company's disclosure documents and its annual, 
quarterly and current reports; the fact that exploration activities 
seldom result in the discovery of a commercially viable mineral resource 
and are also significant amounts of capital to undertake and the other 
risks associated with start-up mineral exploration operations with 
insufficient liquidity, and no historical profitability. The Company 
disclaims any obligation to revise any forward looking statements as a 
result of information received after the fact or regarding future 
events. 

Neither the TSX Venture Exchange nor its Regulation Services Provider 
(as that term is defined in the policies of the TSX Venture Exchange) 
accepts responsibility for the adequacy or accuracy of this news 
release. 

For more information about this service, please see: 
www.infostockbiz.com 

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