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Share Name | Share Symbol | Market | Type |
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Cadiscor Resources Com Npv | TSXV:CAO | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
Cadiscor Resources Inc. ("Cadiscor") (TSX VENTURE:CAO)(FRANKFURT:DQN) is pleased to announce that is has acquired a 100% interest in the Dormex property from a subsidiary of IAMGOLD Corporation. The property surrounds the Sleeping Giant Mine and consists of 127 claims covering an area of 6,101 hectares. In exchange for the property, Cadiscor has granted a 1% NSR royalty on future gold or silver production from the property and a 1.5% NSR royalty in the case of a base metal deposit, provided such deposit contains more than 5 million tonnes of measured and indicated resources as shown in a 43-101 report. The Dormex property is located in the same geological context as the Sleeping Giant Mine. A number of till gold anomalies similar to the Sleeping Giant Mine till anomaly have been identified on the property; the Sleeping Giant Mine till anomaly is recognized as one of the highest ever identified in Canada. Previous drilling on the Dormex property has not yet located the source of the anomalies. Cadiscor will review previous work results in light of the Sleeping Giant Mine geological information and will continue exploring the Dormex property. The presence of the Sleeping Giant Mill would enhance the economic feasibility of any discovery on Dormex. Mr. Vincent Jourdain, P.Eng., Ph.D, Vice President Exploration of Cadiscor, is the qualified person as defined by 43-101 Regulation and has over 20 years of experience in mineral exploration. Mr. Jourdain has approved the content of this press release. Forward-Looking Statements This press release contains forward-looking statements subject to certain risks and uncertainties. There can be no assurance that these statements will prove to be correct, and actual results and future events could differ materially from those implied by such statements. These risks and uncertainties are discussed in the annual report filed with the securities commissions of Alberta, British Columbia and Quebec, and in the 10-KSB annual report filed with the US Securities and Exchange Commission.
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