This is next door.
I am not suggesting CDO by any means .Just have a look at the map and see Tiex land position.
3) Lake Project- Quesnel terrane BC, Canada, 100% CDO.V Owned (on key ground)
Key ground that sits within 1500m of Fjordland’s Southeast Zone
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Figure 4.CDO.V Murphy Project and other claims The property has good access by a network of logging and exploration roads from 100 Mile House, Lac la Hache and Forest Grove.
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The Murphy Lake property is situated within the central portion of the Quesnel Terrane in the middle of one of the most prolific regions for alkalic copper-gold porphyry discovery. The property is located in the Cariboo region of British Columbia, 50 km north of 100 Mile House and adjoins the Woodjam property of Fjordland and Cariboo Rose (now under option by Gold Fields) which has recently (~1.5 years ago) discovered a new porphyry system in the SE zone. The center of this new discovery lies ~1km from the northern boarder of 100% owned Candorado Murphy Lake property claims.
RECENT DEVELOPMENTS ON THE WOODJAM PROPERTY
(The claims ADJACENT TO Candorado's land)
Source: November 22, 2010 release from Cariboo Rose Resources "Deerhorn Zone Drill Hole Intersects 157 m Grading 1.14g/t Gold and 0.29% Copper"; Gold Fields Limited's exploration company, Gold Fields Horsefly Exploration Corporation ("Gold Fields"), has forwarded additional drilling results from the 2010 drilling program on the Woodjam North gold-copper property, located 45 km east of Williams Lake in south-central British Columbia.
The highest gold-copper grades were intersected in drill hole DH10-21 that graded 1.14g/t Au and 0.29% Cu (1.65g/t Au Equivalent) over 156.6 m, including a higher-grade intercept of 64.0 m grading 1.92g/t Au and 0.39% Cu (2.62g/t Au Equivalent). In total, six drill holes comprising 1,455.4 m were completed in September and October, 2010 on the Deerhorn Zone, as part of a much larger Phase Two (5,127.3 m in 21 holes) drilling program at Woodjam North. ... During the first phase of drilling at Deerhorn in 2010 (13 holes totaling 3,921 m) several significant assay intervals were reported in previous News Releases (dated May 18, 2010 and July 27, 2010). The highlight drill intersection (DH10-09) was a 90.8 m section grading 0.58g/t Au and 0.39% Cu, including a higher grade intercept of 30.4 m grading 1.10g/t Au and 0.72% Cu. To date, gold-copper mineralization has been traced by drilling along this northern zone over a strike length of approximately 700 m.
As of November 2010 on the Woodjam North property, Gold Fields has completed 13,560 m of drilling in 52 holes, testing the Deerhorn Zone (19 holes = 5,376.4 m), the Takom Zone (17 holes = 4,636.4 m), the Spellbound Area (11 holes = 2,181.7 m) and the Deerhorn-Corner Lake Area (5 holes = 1,365.5 m).
Gold Fields holds an option (dated July 29, 2009) to earn up to a 70% interest in the Woodjam North Property by spending $19 million in exploration over seven years. The option to earn an initial 51% interest requires Gold Fields to spend $7 million in exploration by July 29, 2012.
Source November 17, 2010 release from Cariboo Rose Resources "Drilling at Woodjam South Intersects 244 m Grading 0.50% Copper, 0.04g/t Gold and 0.015% Molybdenum";
Southeast Zone Mineralization Expanded
Vancouver, BC, November 17, 2010 - Cariboo Rose Resources Ltd. (TSX-V: CRB) and Fjordland Exploration Inc. (TSX-V: FEX), 40%-60% partners in the Woodjam Joint Venture ("WJV"), report that Gold Fields Limited's (NYSE: GFI) exploration company, Gold Fields Horsefly Exploration Corporation ("Gold Fields"), has forwarded drilling results from an additional eight holes (2,844 m) of the 2010 program on the 13,827-hectare Woodjam South copper-gold-molybdenum property. Drilling continues to intersect long intervals of gold-copper-molybdenum mineralization highlighted by 244 m grading 0.50% copper, 0.04g/t gold and 0.015% molybdenum. Gold Fields has completed 19,260 m of drilling on the adjoining Woodjam North and Woodjam South properties this year; the properties are located 45 km east of Williams Lake in south-central British Columbia.
Key Points:
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Southeast Zone mineralization extended East, West and North and still open.
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Southeast Zone core area of mineralization now extends for 800 m by 600 m and has been drill-tested to over 400 m below the bedrock interface.
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A higher grade area indicated by hole SE10-14 which returned 0.50% Cu, 0.04g/t Au and 0.015% Mo over 244 m, including 180 m grading 0.61% Cu, 0.04g/t Au and 0.016% Mo.
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Holes bottomed in mineralization; zone remains open at depth.
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Drilling is ongoing.
Mining MarketWatch Journal Note: This neighbouring Southeast Zone discovery was under thick overburden that had discouraged exploration activity in the past. It was under 200 feet of glacial till and was found by drilling an IP anomaly that was similar to the anomalies that turned up sizeable deposits on the northern portion of the Woodjam deposit. Mapping or geochemistry is essentially a waist of time in the region, geophysics is the only answer and is exactly what CDO.V has done on its claims:
New IP survey has found a large zone of complex IP response (anomalous chargeability readings) trending across the grid
Candorado has completed a reconnaissance IP survey in this area and a report states that the survey found a large zone of complex IP response (anomalous chargeability readings) trending across the grid. In addition, magnetic anomalies appear to be related to the IP anomalies. Further IP and magnetic survey work is necessary to properly delineate the anomaly or anomalies, in advance of drilling. The exploration targets are similar to alkali copper-gold porphyry Takom, Megabuck and Deerhorn Zones on the adjacent Woodjam property to the north, which are well delineated by IP and magnetic surveys.
On other parts of the Murphy property CDO.V has developed a good understanding of the geology and is ready to take the property to another level and add significant value.
Bluff Lake Property
In the Bluff Lake area, three claims adjoining the Murphy Lake on the north and GWR Resources’ property on the south, has been optioned out. In 2008, four holes were drilled to evaluate a gold soil anomaly. Native (metallic) copper was encountered in all four holes.
Salient Details on Murphy Lake
• Candorado Operating Company Ltd owns 100 % of the Murphy Lake Property, subject to a 2% net smelter royalty on a portion of the Property
• The Property is in the Quesnel Terrane and the exploration target is an alkalic copper-gold porphyry deposit
Location, Infrastructure and Resources:
• The Property is west of Murphy Lake in the Cariboo region of British Columbia, 50 km north of 100 Mile House, and comprises 87 claims encompassing 27,590 hectares
• The Property borders onto GWR Resources' Lac La Hache property to the south, which hosts copper-gold porphyry mineralization at several occurrences
• The Property adjoins the southern boundary of Fjordland and Cariboo Rose Resources’ Woodjam South property. A 2007 IP survey led to the discovery of copper-gold-molybdenum porphyry mineralization in a new area called the Southeast Zone. This zone lies within one km of the Property
• Good access to the Property is provided by a network of logging and exploration roads from 100 Mile House, Lac La Hache and Forest Grove
• 70 Mile House, 100 Mile House and Williams Lake, located along Highway 97 west of the property are resource oriented communities
History:
• Numerous companies have explored the area since 1966. Diamond drilling was performed by Craigmont Mines (1974) and Regional Resources (1995)
Geology:
• Situated within the central portion of the Quesnel Terrane, which is dominated by alkalic and calc-alkalic island-arc volcanics and co-magmatic intrusives of the Triassic Nicola Group
• The Takomkane batholith lies on the eastern margin of the Property. The newly discovered Southeast Zone on the adjacent Woodjam property lies within this intrusion
• Most of the Property in covered in relatively thick overburden, which means that geophysics is needed to help discover drill targets
Mineral Occurrences:
• Several copper showings occur on the Property. In the area of the Murphy Lake Showing, drill core has shown copper mineralization to occur within 10 to 15-cm thick chalcopyrite-chlorite-quartz veins as well as on fine fractures within K-feldspar veins
• The geology, alteration and mineralization encountered confirm that copper-gold alkalic porphyry mineralization exists on the Property
Historic Exploration Results:
• Drilling in 1995 by Regional Resources returned 0.41% Cu over 41.7 m in hole ML95-06, as well as a second zone of 1.14% Cu over 9.3 m. ML-95-1 returned 0.20% Cu across 45 m.
Recent Developments in the Area:
• GWR Resources is continuing exploration its copper-gold porphyry prospect
• Fjordland and Cariboo Rose are planning further exploration at the Southeast Zone on their Woodjam South property
• Gold Fields has optioned the Woodjam North property and is actively exploring the property.
Candorado Exploration Program Highlights:
• In 2004, Candorado carried out an IP survey and a 1,600 m drilling program in nine holes in the area of the Murphy Lake showing
• Candorado confirmed the copper mineralization encountered in the 1995 drill program. Only selected sections of core were sent for analysis; of the core analysed, 0.46% Cu over 14 m in was encountered
• In 2006, a detailed radiometric and magnetic airborne survey was flown over the majority of the Property. Interpretation by R. Shives led to the generation of several geophysical targets
• Exploration in 2007 on the Murphy Lake showing included field examinations of geophysical targets, grid soil surveys and two diamond drill holes. Best intercepts were 781 ppm Cu over 18 m; and 628 ppm Cu over 18 m
• In the area south of Spout Lake, a soil survey, prospecting and rock sampling program in 2007 and 2008 led to the delineation of a copper-in-soil anomaly 500 m in length. Two samples of mineralized intrusive float found in the vicinity assayed 1.59% Cu with 13.2 g/t Ag; and 1.49% Cu with 8.1 g/t Ag
• This work was followed up in 2008 with a 4-hole, 710 m diamond drilling program. All holes intersected zones of disseminated native copper in monzonitic rocks. Best intercept is 0.15% Cu across 2.0 m in BL08-02
• IP Survey performed