The Dry Lake claim group is located 20 km north of Princeton and just west of the Axe property owned by Westar Resources. A recent drill program on the Axe west zone returned significant copper and gold mineralization associated with a large porphyry system. Results included 45 m of 0.53 per-cent copper, 0.15 g/t gold. The Dry Lake claim group is known to host several copper showings that are associated with the same intrusive and volcanic rocks that host the Axe property.
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.
Property
The Dry Lake property lies within the Intermontane belt of Mesozoic rocks between Princeton and Merritt. This belt of rocks carries south into the United States and north into the Yukon Territory. The distinguishing and oldest rock group in this belt is the volcanic and sedimentary rocks of the Triassic Nicola group.
Ownership
Candorado owns 100% of the property subject to a 2% NSR.
2007 Exploration
Candorado will commence a basic ground follow up exploration program beginning in the summer.
