Candor Ventures sets up shop

Two property transactions by Candor Ventures (CND-V) have brought the company nto the mineral-exploration business.

The first acquisition sees Candor take up a 45-claim property in Madoc Twp. in southern Ontario. The property, in the eastern Ontario gold belt, was acquired from a private company for 200,000 shares.

In the second, Candor has taken up an option on a 32-claim property in Adrian Twp., about 45 km west of Thunder Bay. Candor must pay $50,000 and issue 100,000 shares over the three-year life of the option, after which it will hold a 100% interest, with the vendor retaining a 2% net smelter return.

The proeprty, called Twist Lake, has a series of untested electromagnetic conductors in an area underlain by felsic tuff-breccias, a potential host for volcanogenic massive sulphide deposits.