Cadan Announces Crushers and Ballmill for T'Boli Gold-Silver Mine Ready for Shipment
September 09 2009 - 8:15AM
Marketwired
CADAN RESOURCES CORPORATION (TSX VENTURE: CNF) ("Cadan" or the
"Company") is pleased to announce that the recently purchased new
jaw and cone crushers, ballmill, gravity circuit, spares and
ancillary equipment is ready for shipment to the Philippines. (see
News Release August 18, 2009).
The contracted shipping and customs agent advises that, based on
current information, delivery to the Philippines is estimated
between 10 to 20 days from the Port of Tianjin, China.
The plant has the capacity for the first phase test production,
between 50 and 150tpd, at its T'Boli gold-silver mine.
T'Boli has a NI 43-101 Inferred Mineral Resource (2.4Mt @ 5.5g/t
gold and 21 g/t silver) of some 420,000 ounces of gold and
1,600,000 ounces of silver (see News Release dated Thursday,
December 18, 2008).
The equipment has been purchased from Zhengzhou Zhongding Heavy
Duty Machine Manufacturing Co Ltd based in Zhengzhou, China, which
is ISO9001-2000 rated. The company has international customers in
Asia, Africa and Latin America.
Cadan Resources Corporation President/CEO Brett Taylor and
Zhengzhou Zhongding Heavy Duty Machine Manufacturing Mechanical
Engineer, Ba Jianzhang (left) reviewing the cone crusher above and
below the new ball-mill.
The plant and equipment advances Cadan's strategic objective of
being a gold-silver producer in Q4, 2009.
Qualified Person and Quality Control and Assurance
Technical aspects of this news release were prepared and
verified by William Donald Goode, a member of the AusIMM and
Technical Director of Cadan Resources. He is the qualified person
as required by NI 43-101, and is the technical person responsible
for this news release. The qualified person has verified the data
disclosed in this news release, including sampling, analytical and
test data underlying the information and opinions contained in this
news release.
The Inferred Mineral Resource Estimate conforms with CIM
Standards and is a NI 43-101 compliant Inferred Mineral Resource as
defined in the Technical Report filed on SEDAR, February 12,
2003.
For further information relating to the historical resource and
the geological setting, readers are referred to SUR technical
report, specifically "T'Boli Group of Properties" pages 33 - 49,
that is published and available on www.sedar.com - news release
dated February, 12, 2003. It is the opinion of the qualified person
that all geological information in the report, as it relates to the
T'Boli gold-silver project, is current.
For further information relating to the historical resource and
the geological setting of the Comval Project, readers are referred
to SUR technical report, specifically "Deposit Types Comprising the
Sabena Project page 9, that is published and available on
www.sedar.com - news release dated February, 12, 2003. It is the
opinion of the qualified person that all information in the report,
as it relates to the Tagpura Kalamatan Maangob belt, is
current.
On behalf of the board of directors,
Brett Taylor, President & CEO
Forward Looking Statements
"This news release may contain forward-looking statements.
Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. Actual results
may differ materially from those currently anticipated in such
statements. The reader is referred to the Company's most recent
annual and interim Management's Discussion and Analysis for a more
complete discussion of such risk factors and their potential
effects, copies of which may be accessed through
www.cadanresources.com or the Company's page on SEDAR at:
http://www.sedar.com."
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Cadan Resources Corporation John Anderson Director
604-218-7400 john@purplefish.ca Cadan Resources Corporation Matthew
Bell 604 910-4908 mattcnf@yahoo.ca www.cadanresources.com
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