Indirect topic: CDO (directneighbour of GWQ) found
NEWS
New Copper Discovery on Candorado's Bluff Lake Property, 100 Mile House B.C.
Thursday October 9, 9:15 am ET
KELOWNA, BRITISH COLUMBIA--(Marketwire - Oct. 9, 2008) - CandoradoOperating Company Ltd. (the "Company") (TSX VENTURE:CDO - News;FRANKFURT:HQU - News; BERLIN:HQU - News) is pleased to announcecompletion of a diamond drilling program at its 100% owned Bluff Lakeproperty located 40 km north of 100 Mile House in south-central BC. The property is immediately north of GWR's Lac La Hache copper-gold property.
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Recently a detailed review of airborne geophysical data was conductedon the Bluff Lake property and surrounding area by Mr. Rob Shives ofGamX Inc. Mr. Shives, formerly the head of the Radiation Division ofthe Geological 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 trending copper-in-soil anomaly measuring over 500metres long and 150 metres wide was defined over one target area.Prospecting of this area resulted in the discovery of coppermineralized float containing 1.49% copper and 8.1 g/t silver. Theangular nature of this float suggests a nearby source.
In June, 2008 four angled drill holes totaling 700 metres werecompleted and span a distance of 525 metres along the copper-in-soilanomaly. Each drill hole intersected granitic rocks containing finelydisseminated and fracture controlled metallic (native) copper. The twoeasternmost holes also contain traces of chalcopyrite, bornite andmolybdenite. Copper mineralization was evident at the end of all theholes. Work to date indicates that mineralization is open along strikeand to depth.
Exploration on the Bluff Lake property was conducted under thesupervision of W. Gruenwald, P. Geo, of Geoquest Consulting Ltd. a"qualified person" as defined by National Instrument 43-101.
Results for the 2008 program will be released as they become available.Surface and core samples were submitted to Assayers Canada in Vancouverfor copper and multi-element analysis. Quality assurance and qualitycontrol (QA/QC) include the insertion of analytical standards andblanks in addition to the laboratory's internal QA program.
About Candorado
Candorado is a B.C. based mineral exploration Company with extensivemineral tenures in Central, Northern and Southern British Columbia. TheCompany is in the midst of several exploration projects involvinggeochemical and geophysical programs as well as drill testing highpriority targets and will report on results as soon as they areavailable.
Rene Bernard, Chairman
ON BEHALF OF THE BOARD OF DIRECTORS of Candorado Operating Company Ltd.