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| © Copyright 2009 Cadan Resources Corporation | All Rights Reserved | Disclaimer | Privacy Policy |
| THE GOLD SILVER COPPER COMPANY |
| THE GOLD SILVER COPPER COMPANY |
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OPERATIONS |
NEWS RELEASES |
| TSX-V CXD |
| A0MZ25 |
CADAN RESOURCES CORPORATION is a gold-silver-copper company with a
high quality portfolio of mineral assets, located in the Philippine Island of Mindanao, long
recognized as one of the country’s most mineralized areas.
The Company’s main projects include its gold-silver mine at T’Boli in south-central
Mindanao and several projects in its more than 9,000 ha Comval property, which lies in the
Compostela Valley in south-eastern Mindanao.
The Comval area consists of three corridors oriented on a north-south axis: two porphyry
copper-gold corridors in the eastern and western portions, and a central gold corridor. The
western corridor contains the Cadan porphyry copper-gold project. The eastern corridor
contains the Kalamatan, Kapanawan, and Tagpura-Maangob porphyry copper-gold and
porphyry skarn copper-gold projects, going from north to south. The central gold corridor
contains the Batoto-Tarale gold prospect in its southern part.
Cadan's first major project is its T'Boli gold-silver mine which is a typical
epithermal high-grade, narrow vein system, that, based on modern exploration to date, has
a resource of 2.4Mt @ 5.5 g/t gold and 21 g/t silver for some 420,000 ounces of gold and
1.6M ounces of silver.
Development of three known vein systems is underway, with an exploration-production
decline now having reached North Vein B and advancing to North Vein A, and beyond that
towards the gold-rich South Vein.
A gold-silver processing plant is under construction with an initial ~250-300tpd capacity.
Initial processing of mineralized material is scheduled for Q4 2009, to confirm actual gold
and silver grade in line with test results of 11.06 g/t gold and 38 g/t silver.
Cadan’s second major gold deposit is its Batoto-Tarale gold stockwork system, which has
a historic Philippine resource of some 39 Mt @ 1.8 g/t gold, for some 2M ounces of gold.
Validation exploration activities are progressing with a high possibility of significantly
increasing both the tonnage and grade of this gold stockwork system. Moreover, it is one
of a number of known stockwork systems within a 15km x 3km corridor.
Cadan also has exposure to the global copper market with its significant porphyry copper-
gold and porphyry skarn deposits. Currently, annual world demand for copper is some
15Mt and is expected to increase to some 20 Mt within five years.
The Company's focus for copper is on the higher grade Tagpura porphyry skarn which
has an internal resource of some 10 to 15 Mt @ 0.75% copper and 0.31 g/t gold. Results
from test work returned values of 1.97% copper and 0.66 g/t gold.
The Tagpura-Maangob porphyry copper-gold corridor has a “conceptual or order of
magnitude” potential tonnage range between 1 billion and 1.7 billion tonnes and a grade
range from 0.30% copper and 0.17 g/t gold to 0.7% copper and 0.31 g/t gold.
The Maangob porphyry skarn lies within a larger Maangob porphyry copper-gold system
and has a horizontal true width of mineralization of 105m at 0.52% copper. The Maangob
porphyry copper-gold deposit has a historic resource of 39.6 Mt @ .36% copper,
0.5 g/t gold and 4 g/t silver.
Recent higher grade sections were 38m at 1.72% copper (“true width”) and, at 65m along
strike, 30m at 0.98% copper (“true width”). Chalcopyrite veining is visible in the massive
magnetite skarn within the 38m @ 1.72% copper with a high of 1m @ 3.9% copper. The
geology of the Maangob porphyry skarn is identical to the Tagpura porphyry skarn.
To the north lies Kalamatan porphyry copper-gold which has an indicated “conceptual or
order of magnitude” potential tonnage range of some 100 Mt to 525 Mt, with a potential
grade range from 0.27% copper and 0.11 g/t gold to 0.55% copper and 0.46 g/t gold.
The company-discovered Cadan porphyry copper-gold target lies to the west and has a
potential tonnage between 450Mt and 900Mt.
Management’s focus is to aggressively develop the Company’s impressive gold-silver and
porphyry skarn copper-gold assets to enhance shareholder value.
Cadan Resources Corporation’s common shares trade on the TSX-Venture Exchange
under the symbol CNF and Frankfurt: A0MZ25.
high quality portfolio of mineral assets, located in the Philippine Island of Mindanao, long
recognized as one of the country’s most mineralized areas.
The Company’s main projects include its gold-silver mine at T’Boli in south-central
Mindanao and several projects in its more than 9,000 ha Comval property, which lies in the
Compostela Valley in south-eastern Mindanao.
The Comval area consists of three corridors oriented on a north-south axis: two porphyry
copper-gold corridors in the eastern and western portions, and a central gold corridor. The
western corridor contains the Cadan porphyry copper-gold project. The eastern corridor
contains the Kalamatan, Kapanawan, and Tagpura-Maangob porphyry copper-gold and
porphyry skarn copper-gold projects, going from north to south. The central gold corridor
contains the Batoto-Tarale gold prospect in its southern part.
Cadan's first major project is its T'Boli gold-silver mine which is a typical
epithermal high-grade, narrow vein system, that, based on modern exploration to date, has
a resource of 2.4Mt @ 5.5 g/t gold and 21 g/t silver for some 420,000 ounces of gold and
1.6M ounces of silver.
Development of three known vein systems is underway, with an exploration-production
decline now having reached North Vein B and advancing to North Vein A, and beyond that
towards the gold-rich South Vein.
A gold-silver processing plant is under construction with an initial ~250-300tpd capacity.
Initial processing of mineralized material is scheduled for Q4 2009, to confirm actual gold
and silver grade in line with test results of 11.06 g/t gold and 38 g/t silver.
Cadan’s second major gold deposit is its Batoto-Tarale gold stockwork system, which has
a historic Philippine resource of some 39 Mt @ 1.8 g/t gold, for some 2M ounces of gold.
Validation exploration activities are progressing with a high possibility of significantly
increasing both the tonnage and grade of this gold stockwork system. Moreover, it is one
of a number of known stockwork systems within a 15km x 3km corridor.
Cadan also has exposure to the global copper market with its significant porphyry copper-
gold and porphyry skarn deposits. Currently, annual world demand for copper is some
15Mt and is expected to increase to some 20 Mt within five years.
The Company's focus for copper is on the higher grade Tagpura porphyry skarn which
has an internal resource of some 10 to 15 Mt @ 0.75% copper and 0.31 g/t gold. Results
from test work returned values of 1.97% copper and 0.66 g/t gold.
The Tagpura-Maangob porphyry copper-gold corridor has a “conceptual or order of
magnitude” potential tonnage range between 1 billion and 1.7 billion tonnes and a grade
range from 0.30% copper and 0.17 g/t gold to 0.7% copper and 0.31 g/t gold.
The Maangob porphyry skarn lies within a larger Maangob porphyry copper-gold system
and has a horizontal true width of mineralization of 105m at 0.52% copper. The Maangob
porphyry copper-gold deposit has a historic resource of 39.6 Mt @ .36% copper,
0.5 g/t gold and 4 g/t silver.
Recent higher grade sections were 38m at 1.72% copper (“true width”) and, at 65m along
strike, 30m at 0.98% copper (“true width”). Chalcopyrite veining is visible in the massive
magnetite skarn within the 38m @ 1.72% copper with a high of 1m @ 3.9% copper. The
geology of the Maangob porphyry skarn is identical to the Tagpura porphyry skarn.
To the north lies Kalamatan porphyry copper-gold which has an indicated “conceptual or
order of magnitude” potential tonnage range of some 100 Mt to 525 Mt, with a potential
grade range from 0.27% copper and 0.11 g/t gold to 0.55% copper and 0.46 g/t gold.
The company-discovered Cadan porphyry copper-gold target lies to the west and has a
potential tonnage between 450Mt and 900Mt.
Management’s focus is to aggressively develop the Company’s impressive gold-silver and
porphyry skarn copper-gold assets to enhance shareholder value.
Cadan Resources Corporation’s common shares trade on the TSX-Venture Exchange
under the symbol CNF and Frankfurt: A0MZ25.
10 Nov 2009
Cadan Announces 5:1
Share Consolidation, New
Symbol CXD-TSXV
download PDF news release
23 Oct 2009
Cadan Announces Share
Consolidation (5:1)
download PDF news release
14 Oct 2009
Cadan Closes
$1,000,000 Non-
Brokered Private
Placement
download PDF news release
09 Oct 2009
Cadan Announces Plant
Construction and Civil
Works for T\'Boli Gold-
Silver Mine
download PDF news release
02 Oct 2009
Cadan Announces
$1,000,000 Non-
Brokered Private
Placement Completed
Download PDF news release
25 Sep 2009
Cadan General Meeting
Information Circular -
October 21, 2009
Download PDF news release
09 Sep 2009
Cadan Announces
Crushers And Ballmill for
T’boli Gold-Silver Mine
Ready for Shipment
Download PDF news release
28 Aug 2009
Cadan Announces 5:1
Share Consolidation
Download PDF news release
27 Aug 2009
2009 2nd Quarter
Management Discussion
& Analysis
Download PDF news release
Cadan Announces 5:1
Share Consolidation, New
Symbol CXD-TSXV
download PDF news release
23 Oct 2009
Cadan Announces Share
Consolidation (5:1)
download PDF news release
14 Oct 2009
Cadan Closes
$1,000,000 Non-
Brokered Private
Placement
download PDF news release
09 Oct 2009
Cadan Announces Plant
Construction and Civil
Works for T\'Boli Gold-
Silver Mine
download PDF news release
02 Oct 2009
Cadan Announces
$1,000,000 Non-
Brokered Private
Placement Completed
Download PDF news release
25 Sep 2009
Cadan General Meeting
Information Circular -
October 21, 2009
Download PDF news release
09 Sep 2009
Cadan Announces
Crushers And Ballmill for
T’boli Gold-Silver Mine
Ready for Shipment
Download PDF news release
28 Aug 2009
Cadan Announces 5:1
Share Consolidation
Download PDF news release
27 Aug 2009
2009 2nd Quarter
Management Discussion
& Analysis
Download PDF news release