By Marketwire,
May 7, 2009 at 4:56 PM
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 7, 2009) - Gold Canyon Resources Inc. (TSX VENTURE:GCU) (PINK SHEETS:GDCRF) ("Gold Canyon" or "the Company") is pleased to announce that its wholly owned subsidiary Gold Canyon Kratz Spring LLC has entered into an 18 month option agreement to evaluate and lease tailings and mine dumps originating from the Iron Mountain IOCG +/-REE deposit in the State of Missouri. Work on this evaluation will be conducted as part of the Joint Exploration Agreement (JEA) between Gold Canyon Kratz Spring LLC and its joint venture participant Japan Oil, Gas and Metals National Corporation (JOGMEC), which was announced earlier this year. JOGMEC is a government organization established under the Japanese Ministry of Economy, Trade and Industry, and is responsible for fostering international exploration and development of strategic minerals, amongst other mineral and petroleum related activities. JOGMEC holds an 80% option to all of the JEA projects. The obje