GOLDEN, Colo., Aug. 15 /PRNewswire-FirstCall/ -- Canyon Resources Corporation (AMEX:CAU), a Colorado-based mining company, responds to the recent decline in its share price. The Company states that it is not aware of any negative developments to account for the recent decline and huge volume in the past two days of trading.
In the Company's second quarter conference call yesterday, the President and CEO had only positive remarks in regard to the ongoing work at its Briggs Mine and the Reward Project. James Hesketh, President and CEO, stated during the call that the future for Canyon is strong. He believes that Canyon is building a solid foundation for future growth and shareholder value.
The conference call held August 14, 2007, is available for replay through midnight, August 16, 2007, and can be accessed by calling: 800-642-1687 or 706-645-9291, Conference ID: 12665227.
This press release includes "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. Such forward-looking statements include, among others, feasibility studies for the Briggs and Reward projects, mineralized material estimates, drilling capability and the potential reopening or expansion of the Briggs Mine. Factors that could cause actual results to differ materially from these forward-looking statements include, among others: the volatility of gold prices; potential operating risks of mining, development and expansion; the uncertainty of estimates of mineralized material and gold deposits; and environmental and governmental regulations; availability of financing; the outcome of litigation, as well as judicial proceedings and force majeure events and other risk factors as described from time to time in the Company's filings with the Securities and Exchange Commission. Most of these factors are beyond the Company's ability to control or predict.
FOR FURTHER INFORMATION, CONTACT: James Hesketh, President and CEO (303) 278-8464
Valerie Kimball, Investor Relations (303) 278-8464
http://www.canyonresources.com/ DATASOURCE: Canyon Resources Corporation CONTACT: James Hesketh, President and CEO, or Valerie Kimball, Investor Relations, both of Canyon Resources Corporation, +1-303-278-8464 Web site: http://www.canyonresources.com/
|