Cadan Resources CorporationCadan home pagemining copper, gold and silver in the Philippines  

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overview

tagpura-maangob gold copper

tagpura skarn gold copper

kalamatan gold copper

cadan gold copper

batoto-tarale gold

north comval gold

t'boli gold silver copper


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overview

Cadan's exploration activities are focused in two highly mineralised areas in Mindanao, The Philippines: in Compostela Valley Province ("Comval") at six gold and copper-gold projects, and in South Central Mindanao at its T'Boli Gold-Silver Deposit.

      map of Cadan mining projects in Mindanao, Philippines Cadan's new discovery has a "conceptual or order of magnitude" tonnage 450 to 900 tonnes The North Comval project exploration commenced with regional mapping and stream sediment panned concentrates, most of which showed free gold. Batoto-Tarale gold corridor, historic Philippine reserve of some 2.1 million ounces of gold Kalamatan has 18.6 million tonnes of copper at 0.39%, gold at 0.5 gpt and silver at 4.0 g/t Potential tonnage range from 10 million to 15 million tonnes, potential grade between 0.50% copper and 0.20 g/t gold to 0.70% copper and 0.31 g/t gold. Tagpura has 1 billion to 1.7 billion tonnes, grading 0.3% to 0.7% copper and 0.17 to 0.31 gpt gold National Policy 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

 
Cadan began exploring its Philippines projects in 2003 and the results of this work are now demonstrating the high potential of these projects. Known copper-gold deposits are being explored in the Tagpura-Maangob porphyry copper gold corridor, and Cadan's significant new discovery is the first new discovery in Eastern Mindanao in over 20 years.

tagpura-maangob: copper and gold

The Tagpura-Maangob corridor is some 1500m long and 500m wide and has conceptual or order of magnitude tonnage and grade currently ranging between 1 billion and 1.7 billion tonnes, with potential economic grades ranging from 0.30 to 0.7% copper, and 0.17 to 0.31 g/t gold. Read the June 2, 2008 news release or download the NI 43-101 compliant disclosure (PDF 1.69MB) for more information.

Towards the east lies the Tagpura porphyry copper gold deposit with a historic resource of 17.3m tonnes of copper at 0.68%, gold at 0.5 gpt and silver at 4.0 gpt; while to the West is the Maangob porphyry copper gold deposit, with a historic resource of 39.7m tonnes of copper at 0.36%, gold at 0.5 gpt and silver at 4.0 g/t.

Contractor operated Longyear 44 drill rig located on Bench 2 of the Tagpura open cut mine
Contractor operated Longyear 44 drill rig located on Bench 2 of the Tagpura open cut mine

tagpura porphyry skarn: copper and gold

The Tagpura porphyry skarn zone has indicated a "conceptual or order of magnitude" potential tonnage range of some 10 million tonnes to 15 million tonnes with a potential grade range between 0.50% copper and 0.20 g/t gold to 0.70% copper and 0.31 g/t gold. Read the August 5, 2008 news release for more information.

This photograph shows a 4m intersection, from 66m to 70m, of TGD 60 that returned 4.2% copper and 1.6 gpt gold.
tagpura porphyry skarn 4m intersection, from 66m to 70m, of TGD 60 that returned 4.2% copper and 1.6 gpt gold

early production potential

The Tagpura porphyry skarn is earmarked for early production potential through a possible "bacterial heap leach" with a projected 2MT a year operation.

kalamatan: copper and gold

Kalamatan has an indicated "conceptual or order of magnitude" potential tonnage range of some 100 million tonnes to 525 million tonnes with a potential grade range from 0.31% copper equivalent (0.27% copper and 0.11 g/t gold) to 0.72% copper equivalent (0.55% copper and 0.46 g/t gold).). Read the July 2, 2008 news release or download the NI 43-101 compliant disclosure (PDF 1.69MB) for more information.

The first pass drilling also leaves the mineralized zone open along strike in both directions and at depth.

Kalamatan has a historic resource of 18.6m tonnes of copper at 0.39%, gold at 0.5 g/t and silver at 4.0 g/t

cadan: copper and gold

Cadan has a "conceptual or order of magnitude" tonnage 450 to 900 metric tons

batato-tarale: gold

Batoto-Tarale has 39 tonnes @ 1.8 gpt gold for some 2.1 million ounces of gold
(Historic Philippine Resource - not NI 43-101 compliant)

north comval: gold

The North Comval project exploration commenced with regional mapping and stream sediment panned concentrates, most of which showed free gold. The next phase of exploration in this area is to drill these anomalies.

t'boli: high grade gold and silver

T'boli 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.

t'boli: copper

A copper soil and coincident magnetic anomaly covers an area of 1,000m x 1000m located some 1.7km WNW of the defined gold-silver resource.