.. |
| © Copyright 2009 Cadan Resources Corporation | All Rights Reserved | Disclaimer | Privacy Policy |
| THE GOLD SILVER COPPER COMPANY |
| THE GOLD SILVER COPPER COMPANY |
| 1 |
OPERATIONS |
| 1 |
T'BOLI GOLD - SILVER MINE
Cadan first major gold-silver 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.
This National Instrument, 43-101, Compliant Inferred Resource stems from the
JORC Inferred Resource that included 23 diamond drill holes totaling 7,057
meters and 131 adits that were mapped, surveyed and sampled.
The T’Boli Gold-Silver Project lies within the approved Mineral Production Sharing
Agreement ("MPSA") 090-97-XI, covering some 84.20 ha, that was granted
November 1997.
Progressing To Production
Cadan is progressing T’Boli towards production with the construction of a new
gold-silver processing plant with an initial capacity of 250-300tpd. New plant and
equipment were purchased in China and CIL tanks were constructed in the
Philippines. Site works have also commenced.
Initial processing of mineralized material is scheduled for Q4 2009, to confirm
actual gold and silver grade in line with last test results of 11.06 g/t gold and 38 g/t
silver.
Simultaneously, exploration and development of three known vein systems
continues, 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.
Cadan continues regional exploration of known gold-silver areas including North
veins C, D, E and F, Lam Asam, Tinago and Lamtangan, as well as new ground
work on the T'Boli copper soil and coincident magnetic anomaly that covers an
area of 1,000m x 1000m, located some 1.7km WNW of the defined gold-silver
resource. An earlier geophysical survey returned low chargeability in the area
which may indicate a deep seated target. A future helicopter-borne geophysical
survey may provide a more precise location of the target.
The table below highlights results from ongoing underground vein sampling over
veins, ranging in widths from 40cm to 150 cm, all located within an area of the
Northern Vein System, now identified for near term bulk testing to determine gold
and silver grades as part of a possible larger underground resource.
Past Drill Intersections
Some highlights of past drill intersections.
Background
The T'Boli project area is underlain by dacitic to andesitic, locally basaltic,
agglomerates, tuffs and flows of the Mt. Parker volcano and intruded by high level
dacite porphyry of the Malibato Intrusive.
The main focus of exploration interest is the structural corridor defined by the
northwesterly trending Kematu and Desawu Faults. This fault corridor marks the
southern margin of the Malibato Intrusive and is made up of a complex of high
level dacite porphyry and tuffaceous material.
A system of en echelon structural zones, striking east-west, cuts through both the
porphyry and tuffs. These structures appear to be confined by the northwest
trending Kematu and Desawu Faults and may represent the main pathways for
upward movement of fluids in the late stages of the evolution of the volcanic
system.
Two major zones of alteration have been identified so far: the T'Boli Zone, which
runs through the main workings from east to west, and the Lam Asam Zone, which
passes through Blangas to the Lam Asam area of workings.
The T'Boli Zone is centered on a high grade epithermal stockwork vein system and
is the subject containing the resource. At least three main high grade veins are
located in the two stockwork zones (South Vein Set and North Vein Set), each with
their associated mineralized alteration envelope.
T'Boli is an epithermal vein and stockwork system carrying gold and silver and is
thought to be of the carbonate base metal hot spring style as defined by Leach
and Corbett. In carbonate base metal hot spring style systems, gold is associated
with base metal introduction and is silver rich. These systems are regarded as
developing at intermediate levels between porphyry and shallow epithermal
systems. Carbonate base metal hot spring style systems are known throughout
the SW Pacific and this class of mineralization includes Acupan, Porgera, Wau,
Kelian, Mt Kare and Gold Ridge, which are all multi-million ounce deposits.
A structural corridor between the Kematu and Desawu faults is the main focus of
exploration interest where two main zones of alteration and gold mineralization
have been identified, referred to as the T'Boli Zone and Lam Asam Zone. The
mineralized zones are hosted in a complex of high level dacite porphyry and
tuffaceous material. To date, detailed exploration has been confined to the T'Boli
zone.
The South Vein Set is hosted in tuff, close to the contact with the porphyry, in an
area of more intense alteration associated with disseminated pyrite. Veining is
complex and gold is also disseminated in the host rocks. Small scale mining
activity has been concentrated in rich veins along this diffuse contact between
dacite porphyry and the tuff. The vein set can be traced over a strike length of
some 700 meters, with widths of up to 30 meters.
The North Vein Set bifurcates into North A and North B veins, and is hosted in
competent altered dacite porphyry that is less altered and pyrite mineralized than
the South Vein Set. Gold is commonly contained in discrete veins a few cm to 50
cm thick. Intervening rock is generally weakly mineralized. The North A vein set is
approximately 10 meters wide and has been traced over a strike length of 400m.
The North B Set has been traced for 800m at an average width of 30m.
Gold is associated with silver, including silver tellurides. Silver varies in its ratio to
gold according to several factors, and is of economic interest.
Four other vein sets have been identified to the north, namely North Veins C, D, E
& F.
Cadan first major gold-silver 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.
This National Instrument, 43-101, Compliant Inferred Resource stems from the
JORC Inferred Resource that included 23 diamond drill holes totaling 7,057
meters and 131 adits that were mapped, surveyed and sampled.
The T’Boli Gold-Silver Project lies within the approved Mineral Production Sharing
Agreement ("MPSA") 090-97-XI, covering some 84.20 ha, that was granted
November 1997.
Progressing To Production
Cadan is progressing T’Boli towards production with the construction of a new
gold-silver processing plant with an initial capacity of 250-300tpd. New plant and
equipment were purchased in China and CIL tanks were constructed in the
Philippines. Site works have also commenced.
Initial processing of mineralized material is scheduled for Q4 2009, to confirm
actual gold and silver grade in line with last test results of 11.06 g/t gold and 38 g/t
silver.
Simultaneously, exploration and development of three known vein systems
continues, 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.
Cadan continues regional exploration of known gold-silver areas including North
veins C, D, E and F, Lam Asam, Tinago and Lamtangan, as well as new ground
work on the T'Boli copper soil and coincident magnetic anomaly that covers an
area of 1,000m x 1000m, located some 1.7km WNW of the defined gold-silver
resource. An earlier geophysical survey returned low chargeability in the area
which may indicate a deep seated target. A future helicopter-borne geophysical
survey may provide a more precise location of the target.
The table below highlights results from ongoing underground vein sampling over
veins, ranging in widths from 40cm to 150 cm, all located within an area of the
Northern Vein System, now identified for near term bulk testing to determine gold
and silver grades as part of a possible larger underground resource.
Past Drill Intersections
Some highlights of past drill intersections.
Background
The T'Boli project area is underlain by dacitic to andesitic, locally basaltic,
agglomerates, tuffs and flows of the Mt. Parker volcano and intruded by high level
dacite porphyry of the Malibato Intrusive.
The main focus of exploration interest is the structural corridor defined by the
northwesterly trending Kematu and Desawu Faults. This fault corridor marks the
southern margin of the Malibato Intrusive and is made up of a complex of high
level dacite porphyry and tuffaceous material.
A system of en echelon structural zones, striking east-west, cuts through both the
porphyry and tuffs. These structures appear to be confined by the northwest
trending Kematu and Desawu Faults and may represent the main pathways for
upward movement of fluids in the late stages of the evolution of the volcanic
system.
Two major zones of alteration have been identified so far: the T'Boli Zone, which
runs through the main workings from east to west, and the Lam Asam Zone, which
passes through Blangas to the Lam Asam area of workings.
The T'Boli Zone is centered on a high grade epithermal stockwork vein system and
is the subject containing the resource. At least three main high grade veins are
located in the two stockwork zones (South Vein Set and North Vein Set), each with
their associated mineralized alteration envelope.
T'Boli is an epithermal vein and stockwork system carrying gold and silver and is
thought to be of the carbonate base metal hot spring style as defined by Leach
and Corbett. In carbonate base metal hot spring style systems, gold is associated
with base metal introduction and is silver rich. These systems are regarded as
developing at intermediate levels between porphyry and shallow epithermal
systems. Carbonate base metal hot spring style systems are known throughout
the SW Pacific and this class of mineralization includes Acupan, Porgera, Wau,
Kelian, Mt Kare and Gold Ridge, which are all multi-million ounce deposits.
A structural corridor between the Kematu and Desawu faults is the main focus of
exploration interest where two main zones of alteration and gold mineralization
have been identified, referred to as the T'Boli Zone and Lam Asam Zone. The
mineralized zones are hosted in a complex of high level dacite porphyry and
tuffaceous material. To date, detailed exploration has been confined to the T'Boli
zone.
The South Vein Set is hosted in tuff, close to the contact with the porphyry, in an
area of more intense alteration associated with disseminated pyrite. Veining is
complex and gold is also disseminated in the host rocks. Small scale mining
activity has been concentrated in rich veins along this diffuse contact between
dacite porphyry and the tuff. The vein set can be traced over a strike length of
some 700 meters, with widths of up to 30 meters.
The North Vein Set bifurcates into North A and North B veins, and is hosted in
competent altered dacite porphyry that is less altered and pyrite mineralized than
the South Vein Set. Gold is commonly contained in discrete veins a few cm to 50
cm thick. Intervening rock is generally weakly mineralized. The North A vein set is
approximately 10 meters wide and has been traced over a strike length of 400m.
The North B Set has been traced for 800m at an average width of 30m.
Gold is associated with silver, including silver tellurides. Silver varies in its ratio to
gold according to several factors, and is of economic interest.
Four other vein sets have been identified to the north, namely North Veins C, D, E
& F.
|
|
| TSX-V CXD |
| A0MZ25 |
Projects
Batoto Tarale Gold- Silver
Comval Copper - Gold
-Tagpura Maangob
-Tagpura Porphyry Skarn
-Maangob Porphyry Skarn
-Kalamatan Porphyry
-Cadan Porphyry
Batoto Tarale Gold- Silver
Comval Copper - Gold
-Tagpura Maangob
-Tagpura Porphyry Skarn
-Maangob Porphyry Skarn
-Kalamatan Porphyry
-Cadan Porphyry
