Canyon Gold’s Future Potential
Canyon Gold’s management has a close relationship with many industry professionals. Based on their opinion, the company expects to hit the maximum sales target allowed by our initial work permit of 250,000 mt of gravel in the first full year of operations. And be profitable by the 1st quarter of 2023.
The company will invest approximately $4,500,000 in heavy equipment, screening, onsite offices, weigh scales, gold recovery equipment, gated railway crossing, roads, power, and water control.
A historic 1996 report by P. Machibroda Engineering Ltd. indicates sand and gravel resources of approximately 20,000,000 mt above the high-water mark. Other historic reports combined with pitting analysis indicate an additional 20,000,000 mt or more below the high-water mark. Under NI 43-101 rules the company advises the reader to refer to the company’s disclaimer and forward looking statements.
The Canyon Gold project has a potential of becoming an open pit gold and gravel mine when historic and current data are analyzed by management.
Going Public on the CSE
Our near term objective is to list Canyon Gold & Gravel Inc. on the CSE – Canadian Securities Exchange, which is home to more than 500 uniquely listed issues covering a broad range of industry sectors. The exchange provides trade execution, smart routing, risk management, compliance and market information services for Canadian listed instruments.
The CSE is designed to facilitate the capital formation process for public companies through a streamlined approach to company regulation that emphasizes disclosure and the provision of efficient secondary market trading services for investors.
To learn more about this exchange, visit the Canadian Securities Exchange website.
Subsequently, the Company expects to list on the OTC-QB in USA and on the Borse in Frankfurt, Germany.
To all our valued shareholders, please take a few minutes to review our regular shareholder updates.