Cadan Resources Corporation (Symbol CNF-TSXV) is a leading Canadian exploration company with potentially "regional significant" Copper Gold Porphyry projects and major gold silver deposit in the Philippines and major gold and silver projects in Colombia.
In the Philippines the company's exploration activities are focused in two highly mineralized areas in the prolific Eastern Mindanao Magmatic Arc: in Compostela Valley Province at its Tagpura-Kalamatan Copper Gold Porphyry and the recently discovered Cadan Copper Gold Porphyry, and in South Central Mindanao at its T'Boli Gold-Silver Deposit.
Tagpura Kalamatan Copper Gold Porphyry Project has a Philippine Historic Resource of 75.6m tonnes of Copper at 0.44%, Gold at 0.5 g/t and Silver at 4.0 g/t. The newly discovered Cadan Copper Gold Porphyry Target has a potential tonnage between 450MT and 900MT.
The T'Boli Gold Silver project has a National Instrument 43-101 (and Australian Joint Ore Reserve Code "JORC") compliant Inferred Resource of 2,400,000 tonne, grading 5.5 g/t gold and 21 g/t silver, for 420,000 contained ounces of gold and 1,600,000 contained ounces of silver.
In Colombia, the company's principal projects are "Mina Rica" and "Gavia" both epithermal gold-silver projects located in the highly prospective Western Cordillera.
Cadan's shares trade on the TSX Venture Exchange in Canada under the symbol of CNF-TSXV.
Cadan Corporate Vision Cadan Resources Corporation is a leading Canada-listed mineral exploration company undertaking mineral exploration in the Philippines and Columbia whose corporate vision is to be a leading mineral exploration, mineral development and processing group and, through its cost efficient operations, to contribute to improving social, economic and natural environments and to make a positive and valuable contribution to all its stakeholders.
In the Philippines, Cadan is focused on expanding its exploration programs to achieve multi-million ounce gold resource status in two years on its potentially regionally significant gold and gold and copper projects in East Mindanao.
This includes its Tagpura-Kalamatan Copper Gold Porphyry Project which has a reported Philippine Historic Resource of 75.6m tonnes of Copper at 0.44%, Gold at 0.5 g/t and Silver at 4.0 g/t; and the newly discovered Cadan Copper Gold Porphyry Target which has a potential tonnage range of between 450MT and 900MT.
Also to further expand its T'Boli Gold Silver project in South Central Mindanao which has a National Instrument 43-101 Compliant Inferred Resource* of 2,400,000 mt, grading 5.5 g/t gold and 21 g/t silver, for 420,000 contained ounces of gold and 1,600,000 ounces of silver.
This National Instrument 43-101 Compliant Inferred Resource stems from the JORC Inferred Resource that was established in 1997 by Australian junior exploration company, Eastern Gold Corporation.
In Columbia, the company is undertaking a strategic review of its gold and copper gold projects and based on this will determine the appropriate strategy to optimize shareholder value.
The Philippines and Columbia are located on the world renowned "rim of fire" geological feature covering east Asia and Pacific and west Americas where many of the world's largest and profitable projects are located.
Cadan Strategic Objectives
- To broaden the exploration of its Tagpura Kalamatan Copper Gold Porphyry Project to confirm the historic reported Philippine Resource of 75.6m tonnes of Copper at 0.44%, Gold at 0.5 g/t and Silver at 4.0 g/t to conform with NI 43-101 compliant resources.
- To add to the existing CIM /JORC resource of 420,000 ounce of Gold and 1,600,000 ounces of silver at its T'Boli Gold Silver project in Southern Mindanao during 2007-2009.
- To implement a low scale production operation to augment exploration information through bulk metallurgical testing and with excess cash flow to further contribute to community development
- To value add the Colombian assets.