The King claim group is located directly southeast of Candorado's Dry Lake claims and south 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 and 0.15 g/t gold.
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 property lies in the so-called "Princeton-Aspen Grove Copper Belt", an area underlain by Triassic Nicola volcanic rocks comprised of a complex sequence of flows, pyroclastics, volcanic breccia, and minor limestone that have been intruded by alkalic stocks. The eastern border d the belt is defined by Jurassic granitic rocks of the Okanagan batholith.
Ownership
Candorado acquired 100% ownership of the claims through staking. Subsequently Bearclaw Capital has excercised it's options under the area of interest clause. Therefore, the property will form part of the Prime-Man agreement.
2007 Exploration
The Induced Polarization program from the Prime-Man property will also extend down to the King claims.
