NEWS: New copper discovery at Bluff Lake Prop.New Copper Discovery on Candorado's Bluff Lake Property, 100 Mile House B.C.
KELOWNA, BRITISH COLUMBIA, Oct 9, 2008 (Marketwire via COMTEX News Network) --
CandoradoOperating Company Ltd. (the "Company") (TSX VENTURE:CDO)(FRANKFURT:HQU) (BERLIN:HQU) is pleased to announce completion of adiamond drilling program at its 100% owned Bluff Lake property located40 km north of 100 Mile House in south-central BC. The property isimmediately north of GWR's Lac La Hache copper-gold property.
Recentlya detailed review of airborne geophysical data was conducted on theBluff Lake property and surrounding area by Mr. Rob Shives of GamX Inc.Mr. Shives, formerly the head of the Radiation Division of theGeological Survey of Canada, has over 20 years of experience inapplication of airborne surveys in the search for porphyry copper-goldand other deposit types throughout Canada. The review defined eighttarget areas all of which were subjected to geochemical soil sampling,prospecting and rock sampling.
A prominent easterly trendingcopper-in-soil anomaly measuring over 500 metres long and 150 metreswide was defined over one target area. Prospecting of this arearesulted in the discovery of copper mineralized float containing 1.49%copper and 8.1 g/t silver. The angular nature of this float suggests anearby source.
In June, 2008 four angled drill holes totaling700 metres were completed and span a distance of 525 metres along thecopper-in-soil anomaly. Each drill hole intersected granitic rockscontaining finely disseminated and fracture controlled metallic(native) copper. The two easternmost holes also contain traces ofchalcopyrite, bornite and molybdenite. Copper mineralization wasevident at the end of all the holes. Work to date indicates thatmineralization is open along strike and to depth.
Explorationon the Bluff Lake property was conducted under the supervision of W.Gruenwald, P. Geo, of Geoquest Consulting Ltd. a "qualified person" asdefined by National Instrument 43-101.
Results for the 2008program will be released as they become available. Surface and coresamples were submitted to Assayers Canada in Vancouver for copper andmulti-element analysis. Quality assurance and quality control (QA/QC)include the insertion of analytical standards and blanks in addition tothe laboratory's internal QA program.
About Candorado
Candoradois a B.C. based mineral exploration Company with extensive mineraltenures in Central, Northern and Southern British Columbia. The Companyis in the midst of several exploration projects involving geochemicaland geophysical programs as well as drill testing high priority targetsand will report on results as soon as they are available.
Rene Bernard, Chairman
ON BEHALF OF THE BOARD OF DIRECTORS of Candorado Operating Company Ltd.
Thestatements made in this News Release may contain certainforward-looking statements. Actual events or results may differ fromthe Company's expectations. Certain risk factors may also affect theactual results achieved by the Company.
SOURCE: Candorado Operating Company Ltd.
Candorado Operating Company Ltd. Rene Bernard Chairman (250) 979-2595 (250) 860-2957 (FAX) Website: www.candorado.com
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