Candorado Operating Company Ltd. - Man-Prime

Overview:

Candorado Operating Company Ltd owns 100% of the Man-Prime property, subject to a 1.25% net smelter royalty held by Bearclaw Capital Corporation (BRL-TSX.V)
The Property is located in the Quesnel Terrane and the exploration target is alkalic copper-gold porphyry deposits

Location, Infrastructure and Resources:

The Property covers 1,544 hectares east of Missezula Lake on the Thompson Plateau of south-central British Columbia
The Property has good access by a network of logging and exploration roads
Princeton, 36 km to the south, has a history of being a mining town

History:

Copper-gold mineralization has been known since the 1930s
Newmont extensively explored the property during the period 1979 to 1981, including soil sampling, geological mapping, induced polarization (IP) and ground magnetometer surveys, trenching and 2,550 metres of diamond drilling. Drill intercepts returned 63.6 m of 0.45% copper and 0.76 g/t gold in hole 80-2
From 1981 to 1992, further geophysical surveys, soil sampling and 1,508 m of drilling were completed
Drilling in 1988 by Brican Resources Ltd returned 193.9 m of 0.29% copper and 0.27 g/t gold in hole 321-01 and 28.0 m of 0.33% copper and 0.57 g/t gold in hole 321-04

Geology:

Situated within the southern portion of the Quesnel Trough (Terrane) in alkalic volcanic rocks and co-magmatic intrusives of the Triassic Nicola Group
These rocks host most of the alkalic copper-gold porphyry deposits in British Columbia

Mineral Occurrences:

Copper sulphide minerals (chalcopyrite, bornite), with potassium feldspar alteration are present in two zones, the Man and the Prime
Mineralization on the Man Zone is irregularly and discontinuously distributed over an area of moderate chargeability and low resistivity, 350 by 300 metres in size
Copper-gold mineralization in the eastern half of the Prime Zone is hosted by variably altered volcanic rocks and to a lesser extent by medium-grained monzonite or diorite over an area of approximately 250 by 200 m, which coincides with a northerly trending gold-in-soil geochemical anomaly
The geology, alteration and mineralization encountered confirm that an alkalic copper-gold porphyry system exists on the property

2007 - 2008 Exploration Program Highlights:

Candorado carried out an IP geophysical survey, soil sampling and 5,210 m of drilling in 2007/2008
The following table summarizes the significant results of this drilling:

In 2008, GWR Resources Ltd optioned the property and drilled 1,870 m, but returned the property in 2009
The GWR drill results are partial as core logging and analysis are not yet completed

Recent Developments in the Area:

Copper Mountain Mining, 50 km south of the property, has started mine development on the Copper Mountain alkalic copper-gold porphyry deposit

Proposed Exploration:

The entire Property to be geologically mapped at a scale of no less than 1:2500, and including every natural and man-made outcrop. This work will be integrated with the re-examination of the 2007 and 2008 drill core of both the Prime and the Man Zones
Re-open, extend, and re-examine old trenches, outline existing geochemical anomalies, and close gaps in the soil grid
Full interpretation of IP and magnetic surveys
Further drilling would be contingent on the results of the geochemical, geophysical and geological results outlined above. However, on the Prime Zone drilling is likely to test a soil geochemical anomaly and the zone of mineralization exposed on surface and tested by the 1965-68 drilling