LAS VEGAS, June 16, 2014 (GLOBE NEWSWIRE) -- Canyon Gold Corp. (OTCQB:CGCC) (The Company) is pleased to announce that its subsidiary Marshall Thomsen has received zoning approval on its 20 acre property to build its 90,000 square foot Medical Marijuana Production and Distribution facility.
In a letter to Marshall Thomsen, FVRD's Director of Planning and Development Margaret-Ann Thornton states, "Dear Mr. Thomsen: This letter is further to your letter of May 9, 2014 regarding your notice to apply to the Minister of Health for a proposed Producer's License under the MMPR for your property located In Hatzic Valley, BC. The Property is located within Electoral Area "F" of the Fraser Valley Regional District.
The property is currently zoned "A-2" by Zoning Bylaw No.559-1992. This zoning bylaw was recently amended by FVRD zoning Amendment Bylaw No. 1257, 2014 which was adopted by the Regional Board on April 23, 2014 to include a definition for medical marijuana grow operation as follows:
"MEDICAL MARIJUANA GROW OPERATION means the cultivation, growth, storage or distribution, testing or research of marijuana for medical purposes as lawfully permitted and authorized under the applicable federal or provincial law."
Zoning Amendment Bylaw No.1257 also amended the list of permitted uses in the (A-2) zone to include medical marijuana grow operation as a permitted use for properties with that designation. Medical marijuana grow operations as defined above, are considered a permitted use for the Electoral Area "F".
A major step forward!
"Finding a marijuana friendly jurisdiction was a critical step that will allow Marshall Thomsen to execute its business plan under Health Canada's highly regulated medical marijuana program," said, Tom Thomsen president of Marshall Thomsen.
CanyonGold's Subsidiaries.
MARSHALL THOMSEN (a wholly owned subsidiary).
CanyonGold, through its subsidiary, is entering the commercial production industry of Marijuana, a renewable resource. The subsidiary has acquired the right to a 20-acre property to build and establish a production center in the Fraser Valley of British Columbia. The application for the license has been submitted to Health Canada and the company received its file number from Health Canada. The planned new center provides for potential production of 6 million grams of cannabis in the first full year of operation.
Long Canyon Gold Resources Corp. 'LCGCR' (a wholly owned subsidiary) owns and or controls through certain options a 100% interest in 310 mineral lease claims in the Spruce Ridge Area of Nevada and in addition it controls a 100% interest in 180 mineral lease claims in the Pequop Mountains of the Long Canyon Trend Area of Nevada. It is the company's intention to explore its claims for the same type of target, a large tonnage gold deposit similar to the West Pequop Mountains Long Canyon type of Carlin Type gold deposit.
The Company continues to seek funding for its Gold Subsidiary to implement its planned Phase Two exploration program on its Mineral Claims in Elko County of Nevada.
Visit us at: www.canyongoldexploration.com with a link to www.marshallthomsen.com
On behalf of the Board of Directors, Delbert Blewett, President & CEO
The Company trades on the OTC-BB/QB tier of the OTC market. Investors can find Real-time quotes and market Information for the Company on http://www.otcmarkets.com/stock/CGCC/quote
Forward-Looking Statements
This news release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives or expected results of the Company, are forward-looking statements that involve various risks and uncertainties. Forward looking statements in this news release include that we will carry out an exploration program and exercise our option to lease additional claims. There can be no assurance that such statements will prove to be accurate and actual outcomes and results could materially differ from what is expressed, implied, or forecasted in forward-looking statements. Factors which may delay or prevent these forward-looking statements from being realized include misinterpretation of data; we may not be able to get equipment or labor as we need it; we with may not be able to raise sufficient funds to complete our intended exploration or carry on operations; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures outlined in the Company's most recent reports filed with the Securities and Exchange Commission.
Canyon gold is pleased to announce that its subsidiary Marshall Thomsen is attending the weed stock conference.