VANCOUVER, Nov. 7 /CNW/ - Canyon Copper Corp. is pleased to announce that
Mr. Ben Ainsworth, MA (Oxon), PEng. has agreed to accept the position of
President of Canyon Copper Corp.
Ben Ainsworth, who earned an honours degree in geology at Oxford in 1962
was with Placer Development for 21 years, formerly as Senior Geologist, having
held assignments as Chief Geochemist, Exploration Manager - Eastern Canada,
Exploration Manager - Chile, President - Placer Chile S.A. de C.V. In Chile
and Western Canada, Placer worked mainly on bulk tonnage mineral projects such
as the porphyry class copper/molydenum deposits.
He joined Placer in 1965 after working in base metal exploration in Eire
and completing service as a Development Geologist with the Ghana Geological
Survey in West Africa. From 1968 to 1978, his principal speciality area of
work related to the application and research of geochemistry for mineral
exploration. He carried out extensive exploration work in British Columbia and
the Yukon, which lead to the discovery, in 1972, of the world class Howards
Pass lead - zinc deposit, by the application of exploration geochemistry.
Following the work related to the lead-zinc discovery, he was selected to
manage exploration for Placer in other regions of Canada and offshore. This
activity included the design of exploration programmes together with required
budget and cost control overview, the arranging of the acquisition and
disposal of mineral properties through sale, option and lease which required
an ability to carry out proximate valuations to assure that Placer met
acceptable industry norms.
In 1986, he and a partner formed the consulting firm of Ainsworth-Jenkins
Holdings Inc. (The Consultancy). The first years of practise focused on gold
and silver in Nevada and northern tier states in Mexico, drawing on the
experience gained from working on similar projects for Placer. The Consultancy
undertook the design and implementation of the reactivation of the Huckleberry
porphyry copper/gold project financed by New Canamin Resources Ltd in the
period 1992 to 1994. The project became a successful mining operation placed
into production by Princeton Mines in 1997.
The Consultancy was also responsible for the concept, design and
implementation of the 1995 exploration program that lead to the discovery of
the first reported marine alluvial diamonds in the territorial waters of
Sierra Leone, West Africa.
In 1994-96, Ainsworth worked for Cascadia Metals and Chemicals
Corporation on their Mongolian projects and selected the 4000 sq km Sharingol
Concession (gold). This was vended to Cameco as a substantial gold resource
following the exploration programme carried out by the Consultancy. The
property has become an advanced gold project for Centerra Gold Inc, the gold
company spun-off by Cameco.
In the period 1995-97, Ainsworth was Consultant to Columbia Yukon
Exploration Ltd, Consolidated Venturex Holdings Ltd and BHR-Buffalo Head
Resources and served on the boards of those companies. He managed their broad
spectrum exploration campaign on more than a million acres of claims in
Labrador, following the Voisey's Bay nickel discovery. This work located a
significant discovery of nickel-copper-cobalt on claim block 1506, north of
Voisey's Bay, and an exhalative gold deposit on claim block 785 to the south
of Voisey's Bay.
Ainsworth has also carried out contracts for the Provincial and Federal
Governments as well as private sector clients in several industrial minerals
fields over the past 20 years. This work included market surveys and project
assessments for the BC Geological Survey Branch and Western Diversification.
Commodities included bentonite, borates, columbite, felspar, glass sands,
kaolin, limestone, mica, peat, wollastonite and zeolites.
He has served on the BC and Yukon Chamber of Mines (BCYCM) Focus Group
for the Task Force on Sustainable Development and is an active correspondent
in the movement to keep Crown Lands open to multiple resource use. Between
1988 and 2002 he assisted as a member of the Technical Liaison Committee,
which gives inputs to the Geological Survey Branch of the Ministry of Mines of
British Columbia to help keep programmes relevant to the needs of the mining
Recent work that he has undertaken includes a large uranium project in
the Athabasca Basin, gold and molybdenum-tungsten exploration in BC, porphyry
related copper-gold and calcium borate exploration in Sonora, Mexico, diamond
exploration in Sierra Leone and the NWT of Canada, and industrial minerals in
Nova Scotia and British Columbia.
In 1972, he qualified and registered as a Professional Engineer in the
Province of British Columbia and acts as a "Qualified Person" under the
definition used in National Instrument 43 101. He is a Canadian citizen by
Mr. Brian Wilson, P.Eng., is stepping aside as President but will remain
as a Director. The Company wishes to thank Mr. Wilson for his considerable
contribution and continued support during the reorganization of the Company.
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.
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
CANYON COPPER CORP.
Anthony R. Harvey.
Chairman and CEO
For further information:
For further information: Tom Corcoran, Investor Relations,