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Sector: Mining - Metals and Minerals  :

Sub Sector: Precious Metals and Base Metals  :

 

News Release - March 19, 2010 5:36 PM ET 

 

 

Candorado Operating Company Alkalic Copper-Gold Porphyry Projects in British Columbia Featured in Mining Publication as Exceptional Risk-Reward Scenario

  

NEW YORK, NY, March 19, 2010 /Sector Newswire/ - Precious Metals Review of Candorado Operating Company Ltd. (TSX-V: CDO) (Frankfurt: HQU) (US Listing: CDOOF) offering insight and opportunity afforded investors. The risk-reward characteristics are highly advantageous for investors establishing a long position in CDO.V as the current market cap relative to the inherent value of their copper-gold porphyry projects seems disproportionate. CDO.V is focused on three copper-gold projects in British Columbia, one ripe with potential along the Stikine Terrane adjacent to Red Chris where government commitments to power transmission will see one of the next big mine openings in BC and two in central and southern BC within the Quesnel Terrane (Quesnel Trough).

 

The full review and valuation commentary may be found at: http://preciousmetalsreview.com/pmrCDOmar2010.pdf

  

Figure 1. Location Map Candorado's Eldorado Project is located in the Stikine terrane which is generally considered to be the northwesterly extension of the Quesnel terrane. These terranes host most of the alkalic porphyry copper-gold deposits in British Columbia.

Excerpts:

 

"Candorado has sharpened its focus in order to provide the best chance of meaningful discovery on its top prospects. CDO.V is certainly one for the portfolios due to the high probability of major discovery and because the value of all three Cu-Au properties if vended off individually would fetch much more than what CDO.V trades for now. Candorado’s Man-Prime copper-gold project is the most advanced ... With only ~62M shares outstanding and trading under CDN$0.10 CDO.V is poised for significant upside revaluation. Candorado's Man-Prime copper-gold project alone justifies a market cap significantly larger than the current and planned activities on all three projects should see the inherent value reflect in the share price appreciation as the significance of what CDO.V possesses is better understood by the market place.":

 

Eldorado Project - Located along the Stikine Terrane, BC is adjacent to Imperial Metals Red Chris where recent developments have opened the area for rapid development and will see BC's next multi-billion pound copper and multi-million ounce gold mine (at Red Chris).
 
Man-Prime Project – Located along the Quesnel terrane, BC near Princeton. The project was previously owned by two separate companies; the Man and Prime Zones have copper-gold deposits, often with high gold values relative to copper.
 
• Growing gold-copper deposit on Prime-Man Project
• Prime section highly prospective for sizeable Gold-Copper porphyry
• Expectations are that Candorado will be able to drill holes with potentially economic grades over long intersections.
 

Murphy Lake Project – Located along the Quesnel Terrane, BC with key ground that sits within 1 km of Fjordland’s Southeast Zone gold discovery.
 

The full review and valuation commentary may be found at: http://preciousmetalsreview.com/pmrCDOmar2010.pdf  

 

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. The term investment advisory refers to the fact the reader is being advised there is a publication on an item that is also an investment, and not advice to buy or sell. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URLs.

 

SOURCE: Sector Newswire Per: Precious Metals Review

editorial@SectorNewswire.com

 

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