Vancouver – At least one of Candorado Operatings (CDO-V) summer purchases is showing promise: the company hit a long copper-gold intersection on the Man/Prime property in central B.C.
In January, Candorado entered into an option agreement with Bearclaw Capital (BRL-V) to acquire an 80% interest in the Man/Prime property. Candorados first drill hole on the site hit a 38-metre band grading 0.23% copper and 0.41 gram gold per tonne, starting at 50 metres depth, as well as a deeper layer of 0.52 grams gold over 32 metres.
Subsequent drilling intersected one longer, stronger interval: hole 8 returned 120 metres grading 0.21% copper and 0.92 gram gold, from 87 metres depth. Other intersections were shorter. Hole 3 returned 13.5 metres of 0.24% copper and 0.35 gram gold starting at 78 metres depth, hole 7 hit a 12-metre section of 0.43% copper also starting 78 downhole, and hole 10 returned a deep 10-metre interval of 0.15% copper and 0.31 gram gold.
The Man/Prime property, 35 km north of Princeton, consists of several copper-gold showings explored by several companies since 1963. The property lies on the Quesnel Trough, a volcanic and sedimentary arc sequence that extends for over 1000 km from northern Washington State to north-central B.C. and hosts alkalic porphyry copper-gold deposits as well as gold skarns.
Candorado moved up one penny, to 35, on the news.
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