Cadan's T'Boli Gold-Silver Mine Plant Now 55% Completed
December 01 2009 - 7:30AM
Marketwired
CADAN RESOURCES CORPORATION (TSX VENTURE: CXD)(FRANKFURT: A0MZ25)
("Cadan" or the "Company") is pleased to announce that the new
processing plant at the T'Boli gold-silver mine is now 55%
completed.
A series of commissioning tests are scheduled for late December
and early January 2010.
Five of the six CIL tanks have been structurally completed, with
the last tank at 60%. Once this is finished, supporting steel work
and infrastructure will be installed.
Civil works for the ore storage have been completed. Building
form work and foundations are well underway for the primary and
secondary crushers, vibrating screens and the ball mill (equipment
recently purchased from Zhengzhou Zhongding Heavy Duty Machine
Manufacturing Co Ltd, China). To view picture, please click on the
following link: http://media3.marketwire.com/docs/cnfp1201.pdf.
In the mine, the decline has progressed some 70m and has
intersected the North Vein B and the Central Vein systems. North
Vein A remains some 20m ahead of the decline face.
Development headings will commence off the decline towards a
Central Vein drill intercept of 24.1 g/t gold over one meter and a
North Vein drill intercept of 15.3 g/t gold over one meter.
The two story complex being constructed to house operations and
staff is in its finishing stages, with three operational rooms
almost ready.
These rooms will house administration, mining engineering and
geology operations. To view picture, please click on the following
link: http://media3.marketwire.com/docs/cnfp1201.pdf.
"Our progress to date, on plant, mine exploration and lateral
development and building, is more or less in line with our planning
and we are pleased with this - nonetheless we continue to seek
incremental improvements across the board."
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.
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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