The Canim Lake property is located southeast of Williams Lake and is east of Candorado's original claim block at Murphy Lake. Imperial Metals Mount Polly copper/gold porphyry development is directly to the north and the ex-producing Boss Mountain mine is surrounded by Candorado's claims.
In 2006 Candorado staked some 610 square kilometers in the Canim Lake area which was subject to a Geological Service of Canada airborne survey. The ground was staked through a 50/50 joint venture with private vendor. The 2006 R2R (Rags to Riches) multisensor airborne survey covered a large block extending from the Horsefly area to Canim Lake. Candorado was pleased to acquire the bulk of the area prior to the surveys results. This aggressive move seemed to pay off with more than a dozen high priority targets identified.
Regional Geology
The property is situated within the Upper Triassic to Lower Jurassic Nicola Group, which forms part of the Quesnel Trough, a volcanic and sedimentary arc sequence affected by Upper Triassic to Jurassic intrusions. The Quesnel Trough extends for over one thousand km from northern Washington State to north-central British Columbia, and hosts alkalic porphyry copper-gold deposits as well as gold-skarns, and numerous porphyry occurrences.
Ownership
Candorado recently purchased the other 50 per-cent interest in the joint venture from it's partners. Candorado now owns 100% of the claims.
2007 Exploration
The company plans to follow up on several targets identified through the 2006 airborne survey.
