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Re: News Releases - Monday, December 17, 2007
Candorado Operating Company Ltd Confirms Alkalic Copper-Gold
Porphyry System on "Man" Property
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Kelowna, British Columbia: December 17, 2007
Candorado Operating Company Ltd. (TSX VENTURE:CDO) (FRANKFURT:HQU)
(BERLIN:HQU) is pleased to report further assay results from the Phase
I 2007 drill program on the Man/Prime property near Princeton, BC.
Location Location
Hole North East From To Length
Au
Number (m) (m) Dip Direction m m m Cu %
g/t
694-012 13770 81244 -90 22.0 36.0 14.0 0.198
694-012 102.0 194.0 92.0 0.210
0.39
090
694-013 13804 81203 -50 degrees 0.0 51.0 51.0
overburden
51.0 141.0 90.0 0.204
0.39
Previously announced (August 22, 2007) hole 694-008 is in the area of
holes
12 and 13.
Location Location
Hole North East From To Length
Au
Number (m) (m) Dip Direction m m m Cu %
g/t
090
694-008 13772 81160 -50 degrees 87.0 207.0 120.0 0.209
0.92
To the northeast of holes 8, 12 and 13 is historic hole 321-01, which
was
drilled in 1988.
Location Location
Hole North East From To Length
Number (m) (m) Dip Direction m m m
Cu %
-45 090
321-01 13841 81339 degrees degrees 0.0 17.0 17.0
overburden
17.0 83.0 66.0
0.671
The results of 321-01 are not compliant with NI 43-101.
The geology, alteration and mineralization encountered in these holes
confirm that an alkalic copper-gold porphyry system exists on the
property.
Quality Assurance
Exploration on the Man/Prime property is being conducted under the
supervision of W.R. Gilmour, P.Geo, of Discovery Consultants, a
"qualified person" as defined by National Instrument 43-101.
All drill core is being split, with half the core being sent to Acme
Analytical Laboratories Ltd in Vancouver, British Columbia for
analysis. A fire assay method is being used for the gold analysis. A
QA/QC protocol, including blank, duplicate and standard samples, has
been established to ensure reliable interpretation of the analytical
data.
About Candorado
Candorado is a mineral exploration company focused on copper-gold
exploration in the Quesnel Trough of British Columbia. Candorado has
an option to purchase an 80% interest in the Man/Prime from Bearclaw
Capital Corporation (TSX VENTURE: BRL). Candorado is one of British
Columbia's largest mineral rights land holders with its copper/gold
porphyry targets within the Quesnel Trough in Central British Columbia,
the Serb Creek molybdenum deposit, the Eldorado property next to BC
Metal's Red Chris copper porphyry deposit and the Pitt Island VMS
prospect all located in Northern British Columbia.
William Gilmour, P.Geo, a consultant to Candorado and a qualified
person as defined by National Instrument 43-101, has reviewed the
information in this news release.
On behalf of the board of directors of
CANDORADO OPERATING COMPANY LTD
Rene Bernard, CEO
For Further Information Please Contact:
Candorado Operating Company Ltd.
Daniel Gallagher
Tel: (250) 979-2595
Fax: (250) 860-2957
www.candorado.com
The statements made in this News Release may contain certain
forward-looking statements. Actual events or results may differ from
the Company's expectations. Certain risk factors may also affect the
actual results achieved by the Company.The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy and
accuracy of this Release.
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Copyright (c) 2007 CANDORADO OPERATING COMPANY LTD. (n/a) All rights
reserved. For more information visit our website at
http://www.candorado.com/ or send mailto:info@candorado.com
Message sent on Tue Dec 18, 2007 at 11:20:49 AM Pacific Time
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