Candorado Confirms Mineralization within the Recently Released 2005 Multi-Sensor Airborne Survey in the Canim Lake Area of Central British Columbiaadmin
Candorado Operating Company Ltd. : The Geological Service of Canada has recently released the data of the 2005 Airborne Multi-sensor (gamma ray spectrometer, total field magnetic, and VLF-EM) survey covering the area north of Canim Lake to Horsefly in Central British Columbia.
In early 2006, Candorado acquired, through a 50/50 staking joint-venture, more than 80,000 acres within the surveyed area. Discovery Consultants from Vernon, B.C., the company’s geological consultant, has now analyzed the data and identified more than a dozen high priority targets. A field program is currently underway to examine the targets on the ground. Early in the field program one target has shown potassic altered granodiorite with traces of disseminated chalcopyrite.
Candorado further announces that it is participating as an industry partner in this year’s airborne survey, a joint program by the Geological Service of Canada, Geoscience B.C. and industry partners. The survey will cover Candorado’s Murphy Lake Block, the Rayfield River porphyry option and part of the Rail Block which covers claims either 100% owned by Candorado or joint-ventured with GWR Resources. Candorado’s financial commitment to the survey is close to $150,000.00 and the results are expected late in the summer of 2006.
Candorado Operating Company Ltd. is a junior mineral exploration company with an interest in exploration properties exceeding a quarter million hectares (owned, joint-ventured and optioned) in Central British Columbia, the Serb Creek molybdenum deposit, and “Eldorado” property next to BC Metals’ “Red Cris” copper gold porphyry deposit in Northern BC. Candorado’s other properties are the Pitt Island massive sulfide prospect in Coastal BC and the “Aurora Extension” property in the Detour Lake Gold Camp in Northern Ontario.
“Rene Bernard”, Chairman
ON BEHALF OF THE BOARD OF DIRECTORS of Candorado Operating Company Ltd.
Cautionary Statement on Forward-Looking Information
The statements made in this News Release may contain certain forward looking statements. Actual events or results may differ from the Company’s expectations. Certain risk factors may also affect the actual results achieved by the Company.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Rene Bernard Candorado Operating Company Ltd. Chairman (250) 860-2950 (250) 860-2957 (FAX)
Suite 208 – 478 Bernard Avenue Candorado Operating Company Ltd.
Kelowna, British Columbia, Canada, V1Y 6N7
Source: Candorado Operating Company Ltd.