TRADING ON THE TSX.V: SYMBOL: CDO
KELOWNA, BC, June 29 /CNW Telbec/ - Candorado Operating Company Ltd. (the
"Company") (TSX VENTURE: "CDO" FRANKFURT/BERLIN: "HQU") is pleased to report
assay results from the first hole of the Phase I 2007 drill program on the
Man/Prime property near Princeton, British Columbia. Hole 694-001, at grid
location 9300N 10300E, was drilled vertically to a depth of 280 meters. A 7th
hole of the drill program is currently being completed and results will be
released when available.
A 38.0-metre intersection, from 50.1 to 88.1 m, assayed 0.23% copper and
0.41 grams per ton gold. Based on $US 3.00/pound for copper and $US 20.00/gram
for gold, this equates to 0.36% equivalent copper (eCu). Within this interval,
a 14.0-meter section from 62.1 to 76.1 m assayed 0.51% Cu and 0.39 g/t Au,
with an eCu value of 0.63%. The 38-m intersection is within an 85-m section of
anomalous copper values.
From 162.1 to 194.1 m, a 32.0-metre intersection assayed 0.52 g/t gold.
Anomalous copper values are associated with this gold zone.
All drilling on the properties being conducted by Frontier Drilling Corp.
A 58 line-kilometer IP survey has been completed by Peter E. Walcott and
Associates Ltd. Drilling of geophysical targets delineated in this survey will
comprise a Phase II drill program.
Exploration on the Man/Prime property is being conducted under the
supervision of W.R. Gilmour, P.Geo, of Discovery Consultants, a "qualified
person" as defined by National Instrument 43-101.
All drill core is being split, half the core being sent to Acme Analytical
Laboratories Ltd in Vancouver, British Columbia for analysis. A fire assay
method is being used for the gold analysis. A QA/QC protocol, including blank,
duplicate and standard samples, has been established to ensure reliable
interpretation of the analytical data.
Candorado Operating Company Ltd (CDO: TSX-V) is a mineral exploration
company focused on copper-gold exploration in the Quesnel Trough of British
Columbia. Candorado has an option to purchased an 80% interest in the
Man/Prime form Bearclaw Capital Corporation ("Bearclaw") (BRL: TSX-V).
William Gilmour, P.Geo, a consultant to Candorado, a director of Bearclaw
and a "qualified person" as defined by National Instrument 43-101, has
reviewed the information in this news release.
ON BEHALF OF THE BOARD OF DIRECTORS of Candorado Operating Company Ltd.
The statements made in this News Release may contain certain
forward-looking statements. Actual events or results may differ
from the Company's expectations. Certain risk factors may also affect
the actual results achieved by the Company.The TSX Venture Exchange
has not reviewed and does not accept responsibility for the adequacy
and accuracy of this Release.
For further information:
For further information: Candorado Operating Company Ltd.: Rene Bernard,
(250) 878-8593, Fax: (250) 860-2957; www.candorado.com; Renmark Financial
Communications Inc.: Barry Mire: firstname.lastname@example.org; Christine
Stewart: email@example.com; (514) 939-3989, Fax: (514) 939-3717;