Tagpura Maangob Porphyry Copper-Gold

Over the past two years Cadan has completed some 20,000 metres of RC and Diamond drilling on its main porphyry copper-gold deposits. As a result it believes that a potential super giant gold-rich copper system appears to exist in this corridor.

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 between 0.30% copper and 0.17 g/t gold to 0.7% copper and 0.31 g/t gold.

Tagpura Maangob is a very large system of typical Philippine porphyry copper-gold mineralization. The geophysical survey is defining potential extensions to the mineralised system to the south of the old Tagpura mine area.

Cadan continues detailed mapping and sampling of the known mineralisation exposed in the existing benches as well as regional exploration. The extension areas and or new prospects are Tagpura South and, to the east, Tagpura East.

Tagpura South Skarn

A skarn area some 130m wide by 300m long has been mapped one km south of the Tagpura open pit. The skarn contains massive sulphides, magnetite and chalcopyrite.

Tagpura East Copper Gold

An area showing extensive evidence of surface copper mineralization has been mapped some two km east and along strike from where Cadan’s main resource drilling was concentrated. The dimensions of this new area are 200m wide and 500m long