Cadan Resources Corp (fka CXD)

[Renee]

Cadan Resources Corp., on the OTC CADAF revoked:

https://www.sec.gov/litigation/admin/2016/34-77376.pdf

[RowingDude]

Good morning Cadan Resources Corp (TSX:CXD)

[hallicrafter]

Looks like our neighbors Xstrata (Sagittarius Mines)won't be scared off by the anti-mining groups.

They are hiring a whole mining company worth of people!!

http://xstratacareers.nga.net.au/fnt_jobs_list.cfm?mode=sagitmines

I know its not stellar news, but I've been trying to find anything up beat about the mining environment in the Philippines. It's been hard.

Still lurking,

Hal

[basserdan]

Philippines hopes for foreign investment in mining

Wed Sep 15, 2010 11:03am GMT

* Govt, industry see foreigners investing in mining sector

* Chinese firm says in talks on investment

* Local laws and Church opposition could block investments

By Erik dela Cruz

MANILA, Sept 15 (Reuters) - The Philippine government and mining industry expect foreign firms to invest in the industry over the next few years, despite an uncertain investment environment and opposition from the powerful Catholic Church.

The Philippines has mineral deposits estimated to be worth $1 trillion, and the new government of President Benigno Aquino sees attracting foreign investment to sectors such as mining as essential to developing local industry and creating jobs.

But foreign miners have found it difficult to operate in the Philippines. Key concerns are corruption, governance and security risks from two long-running insurgencies.

"Investors from China, India, and the Middle East are lining up to invest in the Philippines as their infrastructure growth will inevitably need new sources for their demand for base metals," Philip Romualdez, president of Chamber of Mines of the Philippines, told a mining conference in Manila on Wednesday.

Romualdez said the China Mining Association had inspected 11 mining projects worth $600 million and there had been interest from Chinese firms, but did not provide further details.

China's top nickel producer, Jinchuan Group Ltd [JCGRP.UL], was in talks to invest in the Philippines, company vice president Bao Guo Zhong told reporters at the conference.

"We have agreed with our partners not to disclose anything at the moment," he said. Last week, the company president was quoted saying that Philippines was among the countries where the company was looking to invest in copper projects. [ID:nTOE68701Y]

OBSTACLES

Cristino Panlilio, an undersecretary at the Department of Trade and Industry, said potential investment in the industry could reach as much as $13.5 billion in the next two years, although that included some projects already announced.

He cited several projects in the pipeline including the $5.2 billion Tampakan gold-copper prospect of Xstrata Plc (XTA.L: Quote) in South Cotabato, which has been put at risk by a provincial ban on open pit mining. [nSGE66C06M]

Aquino has said he wants to find a compromise solution to that dispute. [ID:nSGE66C06M]

In July, the influential Catholic Bishops' Conference of the Philippines called on the government to scrap a law that allowed foreign investors to fully own local mining ventures, saying natural resources should be used for Filipinos. [ID:nSGE66F04H]

Asked about the government's position on the Church's stance, Environment Secretary Ramon Paje Jr said the administration would not interfere with any moves in Congress to amend the Mining Act.

Romualdez said the mining industry saw no need to amend the law.

http://af.reuters.com/article/metalsNews/idAFSGE68E0BD20100915?sp=true

[zohar00]

We got a boost!

http://finance.yahoo.com/news/Cadan-Completes-First-Tranche-ccn-2412101727.html?x=0&.v=1

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2010) - CADAN RESOURCES CORPORATION (TSX VENTURE:CXD - News; FRANKFURT:A0MZ25 - News; "Cadan" or the "Company") is pleased to announce that it has competed the first tranche of a private placement financing of up to 3,000,000 units at a price of $0.65 for gross proceeds of $1,950,000. Each unit consists of one share and one share purchase warrant, with each warrant exercisable to acquire an additional share for a period of 5 years from the closing date at a price of $1.00 for the first 2 years from the closing date and at a price of $1.25 for the 3 years thereafter. The Company has sold 1,953,846 units for total proceeds of $1,270,000 pursuant to the first tranche.

In connection with the first tranche, the Company will pay finder's fee commissions of 126,000 units. The securities issued pursuant to the first tranche and the finders' fees are subject to a four month hold period from the date of closing.

The Company will proceed with the balance of the offering, consisting of 1,046,154 units at a price of $0.65 per unit.

Net proceeds from the private placement will be applied towards advancement of the Company's Philippines minerals properties and general working capital.

On behalf of the board of directors,

Brett Taylor, President / CEO

[oeo2oo]

Google them and Don Coxe.

[zohar00]

BMO Nesbitt? How is that significant? Not doubting it is - just don't know about them.

[zohar00]

http://www.bworldonline.com/main/content.php?id=14215

[zohar00]

There was a guy posting on the Yahoo board about some personnel problem or other

[oeo2oo]

Hmm, a million share block traded--now that's interesting. Even more interesting is the buy-side firm: BMO Nesbitt.

[oeo2oo]

Actually, my guess is that something was amiss in the Philippines--there's been a bit of pontificating by some government official that the company still doesn't have all the permits needed for commercial production, but the company has said that it has the permits needed for the trial operation and will file for the additional ones soon. Certainly something killed the momentum in the stock, other than the general market trend, imo.

[basserdan]

<<<Does anyone have an idea why the PPS is down to around 60c?!>>>

Possibly for the same 'reason' that EVOGF is trading in the $0.70's....

By that I mean that I don't think the reason, whatever else it might be, is stock specific.... BWDIK?

[zohar00]

Does anyone have an idea why the PPS is down to around 60c?!

[basserdan]

Cadan Updates Ongoing Development of Its T'Boli Gold-Silver Mine

Tuesday July 13, 2010, 9:30 am

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 13, 2010) - CADAN RESOURCES CORPORATION (TSX VENTURE:CXD; OTC:CADAF - News; FRANKFURT:A0MZ25 - News; "Cadan" or the "Company") released today an update on the underground development of its T'Boli gold-silver mine.

Lateral driving on the Centre Vein Lode structure has proceeded 28m west & 19m east from the access decline. Assay results from the initial 14m of driving have returned 9.9gm Au/t over the 2.99m width of the development headings. Values over a narrower stoping width adjacent to the hanging wall structure will be proportionately higher. Assay results for the remaining 33m are pending.

The west Central Vein face is 10m short of a diamond drill No 16 intersection of 24.1gm Au/t over one meter. At a point 10m past this intersection a north crosscut will be initiated to intersect the North Vein B Lode structure adjacent to a diamond drill No 16 intercept of 15.3gm Au/t over one meter.

Development of both lode structures will then be contemporaneous. Sampling from shallow surface workings indicate that gold values continue for a further 300m to the west.

A third parallel structure (North Vein A) some 50m to the south also shows surface gold values extending 300m to the west.

The results achieved support the updated NI 43-101 compliant Technical Report on its T'Boli gold-silver mining and development operation that has upgraded the historic inferred mineral resource to both Indicated and Inferred categories, for gold only, and outlined the potentially significant, additional gold-silver mineralization.

Highlights of the updated NI 43-101 compliant resource (see CXD press release May 11, 2010 for further details):

-- 56% increase in gold grade
-- Indicated Category: 886,000t @ 8.6 g/t gold
-- Inferred Category: 434,000t @ 8.6 g/t gold
-- Regional "conceptual and order of magnitude" potential for many multiples of the defined resource

The report recommends further underground development work to access additional mineralized targets to expand the resource, as well as further bulk sampling and trial milling.

Installation of three phase power to allow upgrading of the mine pumping and ventilation systems is advanced. The access decline which was temporarily suspended during the upgrade will now recommence to allow earliest possible access to high grade Vein lode structures.

Winze sinking to intersect access decline eastern forward projection will provide ventilation upgrade and alternative egress.

Winze sinking to intersect westward development of Center and North Vein B structures will provide ventilation upgrade and alternative egress from the western areas of the mine.

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.

All sample preparation was undertaken by McPhar Geoservices (Phil) Inc at its General Santos facility in Southern Mindanao. McPhar is an ISO 9001 certified laboratory. Samples are pulverized and 200 gram sub samples are sent to McPhar Geoservices (Phil) Inc Manila laboratory. Gold was analyzed by 50gram fire assay technique. McPhar is an ISO 9001 certified laboratory. The Laboratory mentioned in this paragraph provides independent analytical services to the Company on normal commercial terms.

The Indicated and Inferred Mineral Resource Estimate conforms with CIM Standards and is a NI 43-101 compliant Indicated and Inferred Mineral Resource as defined in the Technical Report filed on SEDAR, May 11, 2010.

For further information relating to the Indicated and Inferred resource and the geological setting, readers are referred to Cadan technical report, specifically "T'Boli Project" pages 11 - 34, that is published and available on www.sedar.com.

On behalf of the board of directors,

Brett Taylor,
President / CEO

About Cadan Resources Corporation: We are a gold-silver-copper company with a high quality portfolio of mineral assets, located in the Philippine Island of Mindanao, long recognized as one of the country's most mineralized areas.

http://finance.yahoo.com/news/Cadan-Updates-Ongoing-ccn-630713419.html?x=0&.v=1

[oeo2oo]

Right you are--my bad. Sorry about that.

[Frank Sauer]

How did you calculate, oeo2oo? From the inferred and indicated resources I only get 11,350,000 g or 378,000 ounces.

Best regards

Frank

[oeo2oo]

Cadan Granted Environmental Compliance Certificate for Ongoing Development of Its T'Boli Gold-Silver Mine

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/06/10 -- CADAN RESOURCES CORPORATION (TSX VENTURE: CXD)(FRANKFURT: A0MZ25) ("Cadan" or the "Company") announced today that an Environmental Compliance Certificate ("ECC") has been granted for the ongoing mine development of its T'Boli gold-silver mine.

ECC, No 12-1006-0092, dated June 24, 2010, permits up to 140,000 tonnes per annum. This is more than sufficient for the currently projected phases of mining operations.

The ECC also gives environmental clearance for a processing plant to be constructed closer to the portal in a later development phase.

Cadan President and CEO Brett Taylor said: "We are delighted with this approval as it accelerates our progress towards full-scale production. Environmental permitting is a critical component of mining today. Reaching this important milestone not only expedites our mine development program, it also releases resources to continue with the exploration and development phase of our highly prospective land package. I congratulate our Philippine management and technical groups on this achievement."

This latest ECC approval continues the process towards full development of the T'Boli gold-silver mine. It follows the May 11, 2010 release of an updated NI 43-101 compliant Technical Report on its T'Boli gold-silver mining and development operation that has upgraded the historic inferred mineral resource to both Indicated and Inferred categories, for gold only, and outlined the potentially significant, additional gold-silver mineralization.

Highlights of the updated NI 43-101 compliant resource (see CXD press release May 11, 2010 for further details):

-- 56% increase in gold grade
-- Indicated Category: 886,000t @ 8.6 g/t gold
-- Inferred Category: 434,000t @ 8.6 g/t gold
-- Regional "conceptual and order of magnitude" potential for many
multiples of the defined resource


The report recommends further underground development work to access additional mineralized targets to expand the resource, as well as further bulk sampling and trial milling.

On behalf of the board of directors,

Brett Taylor, President / CEO

Cadan Resources Corporation is a gold-silver-copper company with a high quality portfolio of mineral assets, located in the Philippine Island of Mindanao, long recognized as one of the country's most mineralized areas.

[basserdan]

Cadan Granted Environmental Compliance Certificate for Ongoing Development of Its T'Boli Gold-Silver Mine

Tuesday July 6, 2010, 9:00 am

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2010) - CADAN RESOURCES CORPORATION (TSX VENTURE:CXD; OTC:CADAF - News; FRANKFURT:A0MZ25 - News; "Cadan" or the "Company") announced today that an Environmental Compliance Certificate ("ECC") has been granted for the ongoing mine development of its T'Boli gold-silver mine.

ECC, No 12-1006-0092, dated June 24, 2010, permits up to 140,000 tonnes per annum. This is more than sufficient for the currently projected phases of mining operations.

The ECC also gives environmental clearance for a processing plant to be constructed closer to the portal in a later development phase.

Cadan President and CEO Brett Taylor said: "We are delighted with this approval as it accelerates our progress towards full-scale production. Environmental permitting is a critical component of mining today. Reaching this important milestone not only expedites our mine development program, it also releases resources to continue with the exploration and development phase of our highly prospective land package. I congratulate our Philippine management and technical groups on this achievement."

This latest ECC approval continues the process towards full development of the T'Boli gold-silver mine. It follows the May 11, 2010 release of an updated NI 43-101 compliant Technical Report on its T'Boli gold-silver mining and development operation that has upgraded the historic inferred mineral resource to both Indicated and Inferred categories, for gold only, and outlined the potentially significant, additional gold-silver mineralization.

Highlights of the updated NI 43-101 compliant resource (see CXD press release May 11, 2010 for further details):

--  56% increase in gold grade 
 --  Indicated Category: 886,000t @ 8.6 g/t gold 
 --  Inferred Category: 434,000t @ 8.6 g/t gold 
 --  Regional "conceptual and order of magnitude" potential for many     
 multiples of the defined resource

The report recommends further underground development work to access additional mineralized targets to expand the resource, as well as further bulk sampling and trial milling.

On behalf of the board of directors,
Brett Taylor, President / CEO

Cadan Resources Corporation is a gold-silver-copper company with a high quality portfolio of mineral assets, located in the Philippine Island of Mindanao, long recognized as one of the country's most mineralized areas

[basserdan]

Cadan Appoints Consulting Geologist Max Tuesley to Its Technical Team

Tuesday June 22, 2010, 9:00 am

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 22, 2010) - CADAN RESOURCES CORPORATION (TSX VENTURE:CXD; OTC:CADAF - News; FRANKFURT:A0MZ25 - News; "Cadan" or the "Company") is pleased to announce the appointment of Mr. Max Tuesley as Geological Consultant to the Company and its operations in the Philippines.

Max Tuesley is a 1991 graduate of the Queensland University of Technology, Brisbane Australia, with a Bachelor of Applied Science - Geology and a 1993 Graduate of James Cook University (Australia) with an Honors Degree in Economic Geology.

He is also a member of the of the Australian Institute of Mining and Metallurgy (AUSIMM)

He has 20 years experience in the mineral industry in both Australia and SE Asia including more than five years operating in the Philippines, Laos and Papua New Guinea. His experience covers high grade, narrow vein, underground gold mining operations, large low grade gold projects and porphyry copper-gold projects, open pit and underground.

He was previously Manager Geology of CGA Mining Ltd's Masbate Gold project located on the island of Masbate in the Philippines. Masbate is currently the largest producing gold mine in the Philippines. Prior to working at Masbate, he was the Geology Superintendent at the Phu Kham copper-gold project and Senior Project Geologist at the Sepon gold-copper project, both located in Laos.

He has more than 15 years experience in copper-gold projects in Australia including: Senior Geologist at the Whim Creek Copper Project, Pilbara, Western Australia; Senior Geologist of the Isa Open Cut Study for Mount Isa Mines, Mount Isa; Senior Mine Geologist of the Ernest Henry Copper Mine, and; Underground Mine Geologist Eloise Copper Mine, located in Queensland.

Cadan President and CEO, Brett Taylor, said that the appointment of Max Tuesley strengthens the Company's technical team, especially in the Philippines where he will be located. Moreover, we see that his significant geological experience on projects similar to Cadan's and his knowledge and participation of working with cultural communities as a positive contribution going forward.

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. 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 mineral resource and the geological setting, readers are referred to "Batoto-Tarale (ComVal) Project" on pages 35 to 53 of the Technical Report titled Exploration and Development Strategy for T'Boli and Batoto-Tarale Gold Projects, Mindanao,Philippines, dated November 28, 2009 and filed on SEDAR on May 10, 2010. The Technical Report is available on http://www.sedar.com/.

On behalf of the board of directors,
Brett Taylor, President / CEO

http://finance.yahoo.com/news/Cadan-Appoints-Consulting-ccn-1651190554.html/print?x=0

[oeo2oo]

Cadan Resources to start testing gold, copper mine
06/17/2010 | 06:22 PM

Cadan Resources Corp., a Canadian mining firm, will start the testing the commercial feasibility of its copper and gold project in Tagpura, Compostela Valley, the Mines and Geosciences Bureau having approved its environmental compliance certificate .

The company is now making final cost estimates for the infrastructure and civil works for the mine to operate, Brett Taylor, Cadan Resources CEO and president, said.

He said that the company is also making final arrangements for sourcing materials and equipment, the engineering require for mine processing and the skilled people for the daily operations.

Six holes for monitoring water quality have been completed, and the company will soon process 100,000 tons of material to test for mineral content.

Cadan Resources is bent on fast tracking its gold, silver and copper projects in the Philippines to take advantage of rising metals prices.

In March, it signed an agreement with REG Mineral Processing Services Pty Ltd. to bring the project to its trial test phase and eventually commercial production.

The firm discovered the Cadan porphyry copper-gold prospect in 2006, the first discovery in Eastern Mindanao in over 20 years.

Previously named Sur American Gold Corp., Cadan Resources is pursuing several projects in Compostela Valley, including the Tagpura-Maangob corridor and the Kalamatan prospect.

Development at its T'Boli Gold Silver Deposit, which contains high-grade gold and silver and porphyry copper and gold, is in progress. —VS, GMANews.TV

Source: http://www.gmanews.tv/story/193740/cadan-resources-to-start-testing-gold-copper-mine

[basserdan]

Cadan Granted Environmental Compliance Certificate

Monday June 7, 2010, 9:27 am

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 7, 2010) - CADAN RESOURCES CORPORATION (TSX VENTURE:CXD; OTC:CADAF - News; FRANKFURT:A0MZ25 - News; "Cadan" or the "Company") is pleased to announce that an Environmental Compliance Certificate ("ECC") has been granted for the initial 100,000 tonne trial test at its porphyry skarn copper-gold project.

Cadan President and CEO, Brett Taylor, says that preliminary costs for civil works, infrastructure, sourcing of equipment and material and processing engineering requirements and skilled personnel continue to be finalised and that, on the environmental management side, some six water quality monitoring holes have been completed.

The issuance of the ECC, No R11-1005-0077, dated May 12 2010, follows the March 2010 signing of the "strategic development agreement" with REG Mineral Processing Services Pty Ltd ("REGMPS") to advance the Tagpura skarn copper-gold project towards an initial "trial test" and later "commercial" production. (See News Release dated March 8, 2010.)

In summary:

The Tagpura porphyry skarn copper-gold zone has an indicated "conceptual or order of magnitude" potential tonnage range of 10 million tonnes to 15 million tonnes, with a potential grade range from 0.50% copper and 0.20 g/t gold to 0.70% copper and 0.31 g/t gold (See News Release of August 5, 2008).

At this stage, a NI 43-101 compliant resource estimate or preliminary assessment to support a production forecast has not been prepared. However, an Independent Qualified Person has been commissioned to prepare the NI 43-101 technical report on the Company's porphyry copper-gold assets, especially the Tagpura porphyry skarn copper-gold zone and to bring the "conceptual or order of magnitude" potential tonnage and grade range into an appropriate mineral category and discuss a range of potential production outlines.

Subject to completion of the NI 43-101 technical report, Cadan is proposing a production outline as follows:

Stage One: a 100,000 tonne trial heap leach to provide 1,500,000 pounds of copper and 700 ounces of gold.

Stage Two: subject to successful completion of Stage One, a stage by stage increase in tonnage to 2,000,000 tonnes per annum to provide some 30,000,000 pounds of copper and 14,000 ounces of gold.

The Tagpura skarn copper-gold project's potential mineral deposit is located in an existing open pit. Some two million tonnes can be mined with negligible waste rock and the balance mined underground. Drilling density within the pit area is at a high level by industry standards resulting in a high confidence level for Cadan's in-house NI 43-101 non-compliant estimates. Moreover, independent analysis by REGMPS has confirmed the in-house estimates.

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 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 http://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.

It should be noted that the exploration information of potential quantity and grade, outlined herein, is conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource as defined in the CIM Definition Standards December 11, 2005.

http://www.cadanresources.com/

On behalf of the board of directors,
Brett A Taylor, President and CEO

http://finance.yahoo.com/news/Cadan-Granted-Environmental-ccn-2484477148.html?x=0&.v=1

[zohar00]

Thanks! And the $2.20 within a year is based on long term gold price of $850 so it says. I don't know anyone who thinks it'll ever go that low again - $1650 is more like it.

A very conservative report as is well and good but we can go hyperbolic from here IMO

[basserdan]

Cadan Reports That NI 43-101 Technical Report Highlights Major Gold Mineralized Corridor and Potential for Regionally Significant Gold Discovery

Tuesday June 1, 2010, 9:30 am

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 06/01/10) - CADAN RESOURCES CORPORATION (TSX-V:CXD; OTC:CADAF - News)(Frankfurt:A0MZ25 - News) ("Cadan" or the "Company") is pleased to announce that the recently released NI 43-101 compliant Technical Report (http://media3.marketwire.com/r/cxd0601), on its ComVal Projects, located in the Eastern Mindanao mineral belt of the Philippines, has highlighted a mineralized corridor of some 14km long by 2.5km wide within which currently lies a group of six regionally significant gold prospects.

Highlights:

The NI 43-101 Qualified Person, Mr. Kevin Shultz FAusIMM (CP), has reviewed Cadan's potential for large tonnage stockwork gold deposits at the Company's Batoto and Tarale gold stockworks, and four other large areas of partly defined gold stockworks.

Mr. Schultz describes the basic data for the compilation of the Batoto historical non NI 43-101 compliant resource of 39 million tons at 1.8g/t for 2.1 million ounces.

He states that the mineralization may extend another one kilometre to the south west from Batoto and link with the large Santa Fe gold stockwork. He further states that since 2003 Cadan has exposed 80 gold bearing veins in an area 2.5km by 3.0km at Batoto, and that in 1981 80,000 tonnes was mined and processed at Batoto at a grade of 4-5g/t Au.

Selective mining at Tarale in 2004/5 of 3275 tonnes returned an average of 5.9g/t Au at 90% recoveries. The Tarale system is 700m south of Batoto and samples as high as 780g/t have been recorded.

Two bulk samples from the Santa Fe stockwork (11.6 tonnes and 50 tonnes) have averaged 3.9g/t Au and 3.17g/t Au respectively.

The Surigaonon stockwork was assigned a historical non NI 43-101 compliant resource of 2.85 million tonnes at 2.1g/t Au.

Schultz states that exploration is far from complete and the ComVal Projects offer the potential for the discovery of regionally significant epithermal gold systems.

Reconnaissance exploration some 3km north of the main gold stockworks has defined an area 6km by 2km with widespread gold occurrence in drainage systems, intense red clay alteration, an interpreted collapse structure some 500m in diameter and anomalous bulk leach extractable gold samples. This area remains virtually unexplored.

The Technical Report stated that: "geologically, and in terms of gold potential, the Eastern Mindanao Mineral Belt may be compared with the highly productive New Guinea Mineral Belt of West Irian and Papua New Guinea and the Walker-Lane and Roberts Mountain Thrust belts of Western USA. Concerted and sustained exploration in these regions during the 1970s and 1980s resulted in numerous gold discoveries."

The NI 43-101 Technical Report was prepared by Mr Kevin Shultz FAusIMM (CP) a consulting mining engineer and geologist and Fellow of the Australasian Institute of Mining & Metallurgy (Chartered Professional) with more than 35 years experience in Australia, Western USA, Canada, Papua New Guinea Tanzania and other African countries.

The Batoto Gold Prospect

The Batoto gold prospect, 150m by 400m, is a stockwork of quartz veins associated with locally intense quartz pyrite-sericite argillic alteration cropping out around the spur of a mountain ridge between elevations 400m and 800m above sea level. Gold mineralization occurs within a west-southwest trending zone known as the Clark Mineralized Zone ("CMZ"). Workings of local indigenous people within CMZ are exposed over about 1km in a west-southwesterly direction from the northeastern point of the spur; but the mineralization may extend at least another kilometre to the west-southwest and link with the Santa Fe gold prospect.

Identified in 1980 by Sabena Mining Corporation, it was explored by 787 rock chips samples from some 7,000m of road cuts, systematic trenches and 400m adits, drifts and cross cuts, reportedly averaging 1.6g/t Au and giving rise to a number of historic "ore reserve" estimates. In 1981 one estimate by geological consultants amounted to 39 million tons at 1.8g/t Au for 2.1 million ounces of gold. It should be noted that the foregoing historic "ore reserve" estimate was not prepared in accordance with CIM standards. Further, a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. The Company is not treating the historical estimate as current mineral resources or mineral reserves as defined in sections 1.2 and 1.3 of NI 43-101, and the historical estimate should not be relied upon. The foregoing historical resource is highly speculative and should only be considered as indicative of mineralization potential.

In 1981, Sabena Mining Corporation constructed a 500t/d gold processing plant and mined and processed approximately 80,000t from a small open cut on the Batoto prospect. The ore was reported to have a grade of 4-5g/t Au, with the material between the main veins appearing to be pervasively mineralized and averaging about 1.4g/t Au.

In 2006, Cadan drilled six diamond drill holes for some 1,356m to test part of the CMZ and reported that all holes obtained "potentially economic mineralization" of the grade and thickness currently being mined by many large bulk mineable heap leach or carbon in pulp operations in the world. The widespread and consistent nature of the mineralization is considered highly encouraging and is now known to occur from the surface to depths in excess of 250m. In addition the Company is encouraged by the potential for intersecting substantially higher grade mineralization along the minimum 1500m long zone.

The Technical Report stated that the results of historic 1980 trenching and sampling by Sabena Mining Corporation and the results of Cadan's 2006 drilling may be used as the basis of nominating the target potential of the CMZ within the historic defined zone - Target Zone A. Target Zone A has a "conceptual or order of magnitude" potential tonnage range of some 20Mt to 40Mt, with a potential grade range from 0.75g/t gold to 1.5g/t gold giving a potential metal content between 500,000 oz and 2,000,000 oz of gold. It should be noted that the foregoing historic resource was not prepared in accordance with CIM standards. Further, a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. The Company is not treating the historical estimate as current mineral resources or mineral reserves as defined in sections 1.2 and 1.3 of NI 43-101, and the historical estimate should not be relied upon. The foregoing historical resource is highly speculative and should only be considered as indicative of mineralization potential.

The Tarale Gold Prospect

The Tarale gold prospect, covering some 800m by 600m, is situated about 700m south of Batoto and 1,500m east of Santa Fe. Gold in the Tarale gold prospect occurs in sub horizontal sheets with interconnecting veins and microveinlets.

Bulk channel samples that Cadan processed in a locally available coarse grind processing plant indicated gold recoveries in excess of 90%. The bulk parcels of vein material were mainly from Batoto, the Santa Fe area and Tarale.

Between October 2004 and April 2005 Cadan treated a total of 3,275t from Tarale for an average recovery of 5.9g/t gold, with the last 1,265t giving a recovery of 8.0g/t gold. The daily mill recoveries averaged 90%. The consistency of the recovery over such a lengthy period of time, and the total amount of material treated, would indicate that the bulk samples of vein material were representative of the mineralization being tested.

Santa Fe Gold Prospect

Cadan's completed geophysical surveys show that the Batoto-Tarale system of intense alteration and quartz vein stockworks is associated with resistivity anomalies. The surveys have defined potential for additional mineralized zones along the strike of the CMZ to the west-southwest.

Of these zones, the Santa Fe area (Target Zone B) is particularly interesting in this context because of the results of the 50t bulk channel sample across 176m in Batoto Creek which returned 3.17g/t Au, 47.3g/t Ag and 0.10% copper.

Other Gold Prospects

The Batoto, Tarale and Santa Fe gold deposits are parts of a major zone of gold mineralization extending 14km northwards from Batoto through to the Panag gold area.

Other gold prospects that lie within this mineralized corridor include:

Kopiat Creek: This prospect is located about 1km north-northeast of Batoto. A 1,500m long creek exposes hydrothermally altered rock with the lower (eastern) 1,000m exposing macro and micro quartz veining and propylitic/silica alteration over a vertical interval of about 350m. As disclosed in the Company's news release of October 6, 2005, best sample results were:

Upper Kopiat Creek Area: 40m grading 3.54g/t Au (including 12m grading 7.92g/t Au).

Lower Kopiat Creek Area: 24m grading 1.3g/t Au (including 8m grading 2.17g/t Au)

Surigaonon: Located about 2km north of Batoto, Surigaonon is an area of about 1,600m by 950m containing numerous, mostly north-westerly trending larger veins with sub-parallel micro veinlets and extensive silicification within an argillically altered andesite intrusion. The style of mineralization has many similarities to Batoto. As reported in detail by Cooper (2002), historical exploration in the 1980s resulted in a historic estimation of 2.85Mt at 2.1g/t Au. It should be noted that the foregoing historic estimate was not prepared in accordance with CIM standards. Further, a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. The Company is not treating the historical estimate as current mineral resources or mineral reserves as defined in sections 1.2 and 1.3 of NI 43-101, and the historical estimate should not be relied upon. The foregoing historical estimate is highly speculative and should only be considered as indicative of mineralization potential.

Panag: Panag is an area of small-scale high-grading mining activities of the 1980's including a number of adits driven along gold-bearing quartz veins, and trenches and pits dug for alluvial gold, about 6-8km north of Batoto. The regional prospectivity of the area was highlighted by bulk leach extractable gold results obtained in a reconnaissance survey by Normandy Exploration.

Cadan: Trenching by the Company at the Cadan Geophysical (IP) Anomaly has revealed anomalous gold (20m at 0.33g/t Au) in quartz stock-works located outside the porphyry copper-gold target.

Resource Definition - Approach

The Technical Report discussed doubt about the effectiveness of drilling as a means of determining the true potential of gold-bearing stockwork and alteration systems with narrow high grade veins. Results from the sampling of the Clark Crosscut were encouraging and suggest that the grade of the mineralization might prove to be higher if sampled effectively by trial bulk mining.

The reconciliation between face/drill sampling and bulk sampling has been poor. Bulk samples have returned multiples of face and drill indicated grades. This is thought to reflect the erratic distribution of gold in the stockworks and the small size (30 grams) of face/drill samples submitted for assay.

However, to date initial testwork with one kilogram cyanide leach assays has improved reconciliation towards the results indicated by bulk samples.

Summary

The Technical Report comments that results to date show that the Batoto-Tarale area of the ComVal Project does have the potential for large tonnages of bulk mineable low grade gold.

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. 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 mineral resource and the geological setting, readers are referred to "Batoto-Tarale (ComVal) Project" on pages 35 to 53 of the Technical Report titled Exploration and Development Strategy for T'Boli and Batoto-Tarale Gold Projects, Mindanao,Philippines, dated November 28, 2009 and filed on SEDAR on May 10, 2010. The Technical Report is available on http://www.sedar.com/.

On behalf of the board of directors,
Brett Taylor, President / CEO

http://finance.yahoo.com/news/Cadan-Reports-That-NI-43101-iw-4124453140.html?x=0&.v=1

[oeo2oo]

Sorry about that, I'll work on it.

Research report.

[zohar00]

New Marketwire PR!

http://finance.yahoo.com/news/Cadan-Reports-That-NI-43101-iw-4124453140.html?x=0&.v=1

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 06/01/10) - CADAN RESOURCES CORPORATION (TSX-V:CXD - News)(Frankfurt:A0MZ25 - News) ("Cadan" or the "Company") is pleased to announce that the recently released NI 43-101 compliant Technical Report (http://media3.marketwire.com/r/cxd0601), on its ComVal Projects, located in the Eastern Mindanao mineral belt of the Philippines, has highlighted a mineralized corridor of some 14km long by 2.5km wide within which currently lies a group of six regionally significant gold prospects.

[zohar00]

That link seems to be broken

[oeo2oo]

Finally -- Cadan receives coverage by an analyst.

M Partners, a Canadian brokerage firm has initiated coverage on Cadan and has issued a 12-page research report, with a 12-month target of $2.20. You can download a copy: https://docs.google.com/fileview?id=0BzkZqwiN-AbiZjNhM2YwYzQtMGI5NC00NDYwLWI1MzQtM2RlOGVlN2I3MDY1&hl=en

[zohar00]

Good news

[oeo2oo]

So, we finally have an updated NI 43-101 showing 1.3 million ounces of gold as indicated and inferred resources.

Applying an in-ground valuation of $70 an ounce would value the company at $90 million, or over $2 a share.

And the fact that Cadan is moving rapidly toward production should mean that Cadan would be able to finance further drilling to expand those 43-101 resources without any further shareholder dilution. I certainly hope that happens. And if it does, then 5 million ounces would imply a valuation of over $8 a share.

I like that number.

[basserdan]

Cadan Releases Updated NI 43-101 Technical Report for T'Boli Gold Silver Mine

Tuesday May 11, 2010, 7:00 am EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 11, 2010) - CADAN RESOURCES CORPORATION (TSX VENTURE:CXD; OTC:CADAF - News; FRANKFURT:A0MZ25 - News; "Cadan" or the "Company") is pleased to announce that an updated NI 43-101 compliant Technical Report on its T'Boli gold-silver mining and development operation has upgraded the historic inferred mineral resource to both Indicated and Inferred categories for gold only and outlined the potential significant additional gold-silver mineralization.

Highlights of the updated NI 43-101 compliant resource:

 
 --  56% increase in gold grade  
 --  Indicated Category: 886,000t @ 8.6 g/t gold  
 --  Inferred Category: 434,000t @ 8.6 g/t gold.  
 --  Regional "conceptual and order of magnitude" potential for many 
     multiples of the defined resource

The report recommends further underground development work to access additional mineralized targets to expand the resource, as well as further bulk sampling and trial milling.

Solid Foundation Going Forward

The technical report supports Cadan's mine development plan, and provides an updated indicated and inferred resource estimate that represents a solid foundation from which Cadan can continue to build, while advancing the ongoing development of its regionally significant T'Boli gold-silver mine. Cadan cautions that mineral resources that are not mineral reserves do not have demonstrated economic viability.

Cadan has recently commenced a trial test program with its recently constructed mill and plant as announced in the company's press release dated March 3, 2010. The Company is in the process of completing the second phase of construction in order to increase capacity to achieve a targeted 250 - 300 tonnes per day.

Large areas of the vein system and parallel veins remain untested. However as lateral development progresses the company is confident that it can continually upgrade the resource estimate.

Current internal projected cost of production ranges between US$300 and US$350 an ounce based on existing costs, excluding amortization, for labor, explosives, electricity, fuel, equipment, consumables and maintenance. Cadan further cautions that the above calculations are subject to the commencement of full commercial production, which remains subject to various pre-conditions being met and accordingly Cadan cannot be certain of the timing of commencement, or the results, of commercial production. In addition, costs are based on current and known conditions and may not reflect actual costs.

With the release of the updated NI 43-101 compliant Technical Report, Cadan's Philippine affiliate company has advised that it is to submit to the Philippine Government an updated Partial Declaration of Mining Feasibility. This will undergo a review by the Government and, based on preliminary and ongoing discussions, the affiliate company does not foresee any undue delay in the approval process and timeframe. Once approved, the affiliate company can accelerate its commercial production program.

Cadan is currently implementing a series of test phases of its T'Boli gold-silver CIP plant, and has been producing gold and silver on a test basis. Mineralized material used in the test phase was extracted from Cadan's T'Boli gold-silver area.

Gold Resource Table

-------------------------------------------------------------------------- 
                    INDICATED(i)                  INFERRED(i) 
 -------------------------------------------------------------------------- 
 Vein          Tonnes (1)  g/t (2)       Kg   Tonnes (3)  g/t (4)        kg 
 -------------------------------------------------------------------------- 
 South           343,700      9.4     3,230     170,000      9.4      1,600 
 -------------------------------------------------------------------------- 
 North-A         371,100      7.1     2,630     189,000      7.0      1,320 
 -------------------------------------------------------------------------- 
 North-B         151,200     10.5     1,590      75,000     10.5        790 
 -------------------------------------------------------------------------- 
 Totals (5)   866,000 (5)     8.6  7,450 (5) 434,000 (5)     8.5   3,710 (5) 
 -------------------------------------------------------------------------- 
 (i) Estimates are as of November 28, 2009 and are for gold only. The NI     
 43-101 Inferred Resource reported by Cooper (2002) established     
  silver/gold ratios ranging from 2:1 to 6:1 and averaging approximately 4:1.                                                                                         Notes:                                                            1- estimated from polygons constructed on longitudinal sections around the   
 veins in (a) underground tunnel workings surveyed and sampled by Eastern,    
 (b) Cadan's current underground workings and  
 (c) diamond drill intersections 
 - with nominal 1m vein widths except where drill intersections indicate      
 otherwise, and assumed SG of 2.5.                                                                                                                        
 2 - assignment of grades to polygons based on perusal of assay results for   
 (a) tunnel samples (diluted to 1m width with the wall rock assigned a grade  
 of 0.5g/t Au and 40g/t Au top cut), (b) Cadan's sampling results from        
 current underground workings and (c) vein intersection assay results in      
 drill holes within the polygons - acceptable practice in operating narrow    
 vein gold mines.                                                                                                                                    
 3 - projection of "Indicated" polygons nominally 50m down dip and along      
 strike into areas with obvious potential but no data.                                                                                                    
 4 - grades assigned at the average grade of polygons making up the "Data     
 Supported" estimates.                                                                                                                          5 - includes 25% mining dilution at 0.5g/t Au.

The NI 43-101 Technical Report was prepared by Mr. Kevin Shultz FAusIMM(CP) a consulting mining engineer and geologist and Fellow of the Australasian Institute of Mining & Metallurgy (Chartered Professional) with more than 35 years experience in Australia, Western USA, Canada, Papua New Guinea Tanzania and other African countries.

Regional Potential

Mr. Kevin Shultz FAusIMM(CP) states in the Technical Report that the surrounding area including Lam Asam, Lamtangan, Tinago are targets to be assessed for additional resources in due course, as is the depth potential of the T'Boli North and South vein sets. Based on information collected by Cadan over a period of 10 years, including geophysical, geochemical, underground geological mapping, surface mapping and comparison with other classic epithermal quartz carbonate systems in the region, the "conceptual or order of magnitude" potential tonnage range of some 11Mt to 27Mt, with a potential grade range from 5.5 g/t gold to 8.6 g/t gold and 21 g/t silver and 30 g/t silver giving a potential metal content between 2-5 m oz of gold and 8-25 m oz silver.

The Technical Report on pages 2-3 states: "In 2006 Cadan made an announcement that the potential of the T'Boli area was between 2 and 5 million ounces of gold and between 8 and 25 million ounces of silver based upon information collected over a period of 10 years, and comparison with other classic epithermal quartz carbonate systems in the southwest Pacific region. Cadan qualified the announcement, stating that the estimate of potential was conceptual as there had been insufficient exploration to define a mineral resource and it was uncertain whether exploration would result in the definition of a mineral resource. However, in the opinion of the author of this report (Author) the large scale expectation of gold and silver potential stated by the Company is valid as Cadan's strategic goal for the area. In addition to the North A, North B and South vein sets there are at least five additional areas of alteration and gold mineralization known within the T'Boli tenements (see Section 3.15).

The potential quantity and grade should be considered as conceptual in nature, and there has been insufficient exploration to define a mineral resource in accordance with National Instrument 43-101. It is uncertain whether further exploration will result in the regional targets being delineated as a mineral resource.

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 Indicated and Inferred Mineral Resource Estimate conforms with CIM Standards and is a NI 43-101 compliant Indicated and Inferred Mineral Resource as defined in the Technical Report filed on SEDAR, May 11, 2010.

For further information relating to the Indicated and Inferred resource and the geological setting, readers are referred to Cadan technical report, specifically "T'Boli Project" pages 11 - 34, that is published and available on http://www.sedar.com/.

On behalf of the board of directors,

Robert "Butch" Butchart
Chief Operating Officer

http://finance.yahoo.com/news/Cadan-Releases-Updated-NI-ccn-1176143293.html?x=0&.v=1

[oeo2oo]

For those interested in Cadan, the company has filed its most recent financial statement and the MD&A with SEDAR.

http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00003776

There's quite a lot of historical information there, which would give anyone a good overview of the company.

[oeo2oo]

TSX Allows Warrant Extension and Lower Exercise Price

CADAN RESOURCES CORPORATION ("CXD")
BULLETIN TYPE: Warrant Price Amendment, Term Extension
BULLETIN DATE: April 8, 2010
TSX Venture Tier 2 Company

TSX Venture Exchange has consented to the reduction in the exercise price and term extension of the warrants described below. As well, the warrants, which were previously issued as half-warrants as part of a private placement of Units, will be converted to full warrants.

Private Placement:

Original # of Warrants: 500,000
New # of Warrants: 1,000,000

Original Expiry Date of Warrants: October 13, 2010
New Expiry Date of Warrants: August 23, 2011

Original Exercise Price of Warrants: $1.50 (adjusted pro-rata following the consolidation)
New Exercise Price of Warrants: $1.25

These warrants were issued pursuant to a private placement of 5,000,000 Units, each Unit consisting of one share and one-half of one share purchase warrant, which was accepted for filing by the Exchange effective October 8, 2009.

TSX-X

[oeo2oo]

Cadan Orders a Second Ball Mill for Its T'Boli Gold Plant

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 30, 2010) -

CADAN RESOURCES CORPORATION (TSX VENTURE:CXD - News; FRANKFURT:A0MZ25 - News; "Cadan" or the "Company") is pleased to announce that it has ordered a second ball mill for its CIP gold plant located at T'Boli, Mindanao, Philippines.

Cadan's Chief Operating Officer, Mr. Robert Butchart, said the Company is satisfied with the performance of the first ball mill. The addition of the second ball mill will increase capacity to 15-20tph. The additional ball mill should also enable continuous operation of the gold plant after factoring in scheduled maintenance and repairs.

The ball mill has been purchased from Zhengzhou Zhongding Heavy Duty Machine Manufacturing Co Ltd., an ISO 9001-2000 rated company based in Zhengzhou, China, which also supplied the original ball mill and jaw and cone crushers.

Delivery and installation is expected to be completed in the second quarter of 2010.

Cadan's T'Boli epithermal gold-silver deposit has a NI 43-101 Inferred Mineral Resource (2.4Mt @ 5.5 g/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).

Cadan Resources Corporation is an emerging gold-silver-copper producer and development company with significant gold-silver-copper mineral assets located in the Philippines.

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.

On behalf of the board of directors,

Robert "Butch" Butchart, Chief Operating Officer

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.

Contact:

Robert Butchart
Cadan Resources Corporation
Chief Operating Officer
[phone]
[e-mail]

John D. Anderson
Cadan Resources Corporation
Chairman
604 218 7400
[e-mail]
www.cadanresources.com

[oeo2oo]

Cadan Updates Testing Phase of Its T'Boli Gold Plant

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 24, 2010) - CADAN RESOURCES
CORPORATION (TSX VENTURE:CXD)(FRANKFURT:A0MZ25) ("Cadan" or the "Company") is
pleased to announce that initial test phase of its T'Boli gold silver CIP plant
has treated some 1,000 tonnes of tailings, with an assay range from 1 to 3 g/t
gold.

The ball-mill has operated between 6 to 8 tonnes per hour with mechanical
adjustments being made to plant and equipment.

The testing phase will provide progressive information on 24 hour operational
performance and consumable consumption to achieve optimum recoveries of gold
and silver expected, at this stage, to be some 90 per cent.

While this work is ongoing the plant contractors continue to complete
additional infrastructure for the primary and secondary crushing circuits.

In addition some 400m of decline crosscutting and rehabilitation have been
completed with four auriferous vein structures exposed. The underground work is
focused on the lateral development of these vein structures. Two headings are
being advanced towards previously reported drill intercepts, being 1m @ 15.3
g/t gold and 1m @ 24.1 g/t gold.

Development planning is underway to access historic and previously reported
deeper, higher grade and wider intersections being TD 008 - 5m@ 15.6 g/t gold,
TD 003 - 5m @ 23.5 g/t gold and TD003 - 1m @ 44.1 g/t gold.

Cadan's T'Boli epithermal gold-silver deposit has a NI 43-101 Inferred Mineral
Resource of 420,000 ounces of gold and 1,600,000 ounces of silver (see News
Release dated Thursday, December 18, 2008).

Cadan Resources Corporation is an emerging gold-silver-copper producer and
development company with significant gold-silver-copper mineral assets located
in the Philippines.

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.

On behalf of the board of directors,

Robert "Butch" Butchart, Chief Operating Officer

- 30 -

CONTACT INFO:

Cadan Resources Corporation
Robert Butchart
Chief Operating Officer
[phone]
[e-mail]

or

Cadan Resources Corporation
John D. Anderson
Chairman
[phone]
[e-mail]
www.cadanresources.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.

[hallicrafter]

The quality of the mining professionals that Cadan is accumulating speaks well for their properties and prospects.

Their new Coo, Robert G. Butchart, is a very successful mining pro. Bill Goode is another. It seems that every body that is invited to "party", stays.

If this stock was in any other part of the world, we would all be rich by now. But, as the old saying goes, "If you want to shoot an elephant, you have to go to elephant country"

They don't find deposits like this in California!!

I think this is going to be a fun ride. I've been told that copper is like waterfront property!! Every day more and more people are being born that are going to want it (need it), and they ain't making any more of it!!

Good luck all,

Hal

[oeo2oo]

Will it be different this time?

I'd like to think that Cadan is no Sur--and the slow but steady progress of the company since Brett Taylor took over gives me reason to hope that this time it will be different.

The only thing that Rennie Blair ever accomplished was to show a few rocks and issue a lot of baloney press releases. Taylor, on the other hand, has made major progress, not only on the share structure and finances of the company, but has actually built a small processing plant and signed an agreement on the copper side, too.

Fingers crossed that the production can really become meaningful.

[basserdan]

Cadan Announces Major Milestone

SIGNS STRATEGIC DEVELOPMENT AGREEMENT FOR TAGPURA SKARN COPPER-GOLD PROJECT

Monday March 8, 2010, 10:28 am

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 8, 2010) - CADAN RESOURCES CORPORATION (TSX VENTURE:CXD - OTC:CADAF; FRANKFURT:A0MZ25 - News; "Cadan" or the "Company") is pleased to announce that it has signed a Strategic Co-operation and Development Agreement with REG Mineral Processing Services Pty Ltd ("REGMPS") to advance its Tagpura skarn copper-gold project towards an initial "trial test" and later "commercial" production.

This is a major milestone in Cadan's progression to becoming a potential long-term producer of copper-gold in 2010 and beyond from its substantial porphyry copper-gold assets in East Mindanao Philippines.

REGMPS is to undertake a 100,000 tonne trial test as the initial phase of advancing Cadan's Tagpura skarn copper-gold project towards commercial production. Preliminary planning, sourcing of equipment and material is now underway as is finalizing amended documentation to enable the "trial" to commence in the near term.

The Tagpura porphyry skarn copper-gold zone has an indicated "conceptual or order of magnitude" potential tonnage range of 10 million tonnes to 15 million tonnes, with a potential grade range from 0.50% copper and 0.20 g/t gold to 0.70% copper and 0.31 g/t gold (see company's news release of August 5, 2008).

At this stage, a NI 43-101 compliant resource estimate or preliminary assessment to support a production forecast has not be prepared. However, an Independent Qualified Person has been commissioned to prepare the NI 43-101 technical report on the company's porphyry copper-gold assets, especially the Tagpura porphyry skarn copper-gold zone and to bring the "conceptual or order of magnitude" potential tonnage and grade range into an appropriate mineral category and discuss a range of potential production outlines.

Subject to completion of the NI 43-101 technical report Cadan is proposing a production outline as follows:

Stage One: a 100,000 tonne trial heap leach to provide 1,500,000 pounds                 
 of copper and 700 ounces of gold 
                                        
 Stage Two: subject to successful completion of Stage One, a stage by                    
 stage increase in tonnage to 2,000,000 tonnes per annum to provide  
 some 30,000,000 pounds of copper and 14,000 ounces of    gold.

The Tagpura skarn copper-gold project's potential mineral deposit is located in an existing open pit. Some two million tonnes can be mined with negligible waste rock and the balance mined underground. Drilling density within the pit area is at a high level by industry standards resulting in a high confidence level for Cadan's in-house NI 43-101 non-compliant estimates. Moreover, independent analysis by REGMPS has confirmed the in-house estimates.

REGMPS, headed by director Mr. Colin Molloy, is a privately owned company based in Perth Western Australia servicing the mining industry requiring process plant management, heap leach management, recruitment, laboratory services and remote site concreting.

REGMPS has proven technical, operational, management and processing expertise in gold, copper, nickel and iron that enables it to deliver outstanding results for clients. Its team has managed copper heap leach projects in the Pilbara and South Australia and one of its directors managed and operated one of the first bacterial leaching plants in Australia.

According to Mr. Molloy, "REGMPS has been looking for a very large copper-gold porphyry project to co-develop and is excited by this opportunity to partner with Cadan in developing its impressive Philippine porphyry copper-gold projects."

Cadan is very pleased to have formed this partnership with REGMPS. While additional test work proceeds, the company believes that the progressive implementation of the development, starting with the 100,000 tonne trial test, it will lead to long-term commercial production of copper-gold. REGMPS will be the manager in cooperation with Cadan's advisory team.

Approval Granted

Cadan announces that it has received approval from the Philippine Government of Exploration Permit 000002-09-XI dated December 11 2009 for some 2,140 hectares. which includes the Comval porphyry copper-gold projects being: Tagpura porphyry copper-gold, Tagpura porphyry skarn copper-gold, Kalamatan porphyry copper-gold and Maangob porphyry cooper-gold and Maangob porphyry skarn copper gold.

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 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 http://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.

It should be noted that the exploration information of potential quantity and grade, outlined herein, is conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource as defined in the CIM Definition Standards December 11, 2005.

On behalf of the board of directors,
Robert G. Butchart, COO

http://finance.yahoo.com/news/Cadan-Announces-Major-ccn-310734633.html?x=0&.v=1

[oeo2oo]

Cadan Commences Testing Phase Of Its T'Boli Gold Plant

By: Marketwire .
Mar. 3, 2010 03:23 AM

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/03/10 -- CADAN RESOURCES CORPORATION (TSX VENTURE: CXD)(FRANKFURT: A0MZ25) ("Cadan" or the "Company") is pleased to announce that it has commenced the initial "testing phase" of its ball mill and CIP tanks section of its wholly own gold-silver treatment plant located at T'Boli, South Cotabato Province, Mindanao, Philippines.

To-date some 500t of old tailings and lower grade material, ranging from 1 to 3 g/t gold, is being used to test the plant and equipment. The ball mill has operated between 8 and 10 tonnes per hour with mechanical adjustments being made to fine tune the plant and equipment.

According to Cadan's Chief Operating Officer, Mr Robert Butchart, this "testing" phase will provide progressive information on operational performance and consumables consumption to achieve optimum recoveries of gold and silver, expected to be some 90 per cent.

While this work is ongoing, the plant contractors will complete additional infrastructure for the primary and secondary crushing circuits.

Cadan's T'Boli epithermal gold-silver deposit 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).

In addition, some 400m of decline crosscutting and some 400m of decline have been completed with four auriferous vein structures exposed. The underground work is focused on the lateral development of these vein structures. Six heading have been advanced towards historic and previously reported drill intercepts being 1m @ 15.3 g/t gold and 1m @ 24.1g/t gold.

Development planning is underway to access historic and previously reported deeper, higher grade and wider intersections being TD 008 - 8.5m @ 15.6 g/t gold and TD 003 - 3.5m @ 23.5 g/t gold.

Cadan Resources Corporation is an emerging junior gold-silver producer and development company with significant mineral assets located in the Philippines. The Company's T'Boli gold-silver mine is near completion and expected to be operational by the end of the first quarter this year. Exploration and development work is also underway on its 9,000 hectare Comval Property which hosts large and significant gold and copper-gold deposits.

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.

All sample preparation was undertaken by McPhar Geoservices (Phil) Inc at its General Santos facility in Southern Mindanao. McPhar is an ISO 9001 certified laboratory. Drilling and adit channel samples are pulverized and 200 gram sub samples are sent to McPhar Geoservices (Phil) Inc in Manila (ISO 9001 certified laboratory) for analysis using the FA 50/SAAS method (fire assay with atomic absorption finish) for gold, and conventional wet chemical methods for copper. The Laboratory mentioned above provides independent analytical services to the Company on normal commercial terms.

For further information relating to the historical resource and the geological setting, readers are referred to SUR technical report, specifically "TBoli 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.

On behalf of the board of directors,

John D. Anderson, Chairman

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 D. Anderson
Chairman
604 218 7400
604 628 5001 (FAX)
[e-mail]

Cadan Resources Corporation
Matthew Bell
604 910 4908
[e-mail]
www.cadanresources.com

[oeo2oo]

Canadian mining firm bullish on Mindanao projects

by MindaNews
Thursday, 25 February 2010 23:51

KORONADAL CITY (MindaNews/25 Feb) -- The Canadian mining firm Cadan Resources Corp., which is into gold and silver, said it has raised about $4.4 million for its projects in Mindanao.

Cadan chair John D. Anderson said in a statement that the fund came from private placements through share offerings totaling 5.14 million units.
“Net proceeds from the private placement will be applied towards advancement of the company’s Philippines minerals properties and general working capital,” the statement said.

Cadan announced last month it was offering 3.5 million units but raised it to 5.14 million due to strong demand, its disclosure to the TSX Venture Exchange said.

Anderson himself purchased 60,000 shares while Cadan president Brett Taylor bought 550,000 units.

Cadan said that the T’boli gold-silver project in South Cotabato, a partnership with the local Tribal Mining Corp., is expected to be operational soon, probably within the first quarter.

Tribal Mining was granted the 25-year Mineral Production Sharing Agreement 090-97-XI in 1997 and has since been exploring the area covering 84.98 hectares in T’boli town. The area covered by the MPSA is still under court dispute, with small-scale miners laying claims on a 21-hectare land that was declared by the provincial government in the 1990s as a “minahang bayan” or people’s mining site.

Last year, Cadan Resources revealed the purchase of equipment and machinery -- including a new jaw and cone crushers, ballmill, gravity circuit, spares and ancillary equipment -- required for the initial test production phase of the T’boli project, at a rate between 50 to 150 tons a day.

The company said that refinements in design would increase the capacity to 200 tons per day.

The T’boli deposits have been reported to be at 2.4 million metric tons (MT) containing 420,000 ounces of gold and 1.6 million ounces of silver. Underground or tunneling method will be employed by the company to extract the deposits.

Aside from the T’boli gold-silver project, Cadan Resources has started exploration activities for a 9,000-hectare property in Compostella Valley.

Its Batoto gold project is estimated at 39 million MT of ore, containing 1.8 grams of gold per MT on the average or equivalent to 2.2 million gold ounces.

Aside from gold, the Compostella Valley project is also a prospective copper producer. (MindaNews)

Source: http://www.mindanews.com/index.php?option=com_content&task=view&id=7695&Itemid=160

[oeo2oo]

Cadan Resources Completes $4.37 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 24, 2010) - CADAN RESOURCES CORPORATION (TSX VENTURE:CXD)(FRANKFURT:A0MZ25) ("Cadan" or the "Company") is pleased to announce that it has closed the private placement financing originally announced on January 14, 2010. Due to strong demand, the Company increased the number of units offered from 3,500,000 units to 5,144,523 units. Each unit was offered at a price of $0.85 per unit for total gross proceeds of $4,372,845. Each unit consists of one common share and one share purchase warrant. Each share purchase warrant may be exercised to acquire an additional common share at a price of $1.25 per share for a period of 18 months from closing.

In connection with the private placement, the Company will pay commissions of $73,666 in cash, 123,080 common shares at a price of $0.95, and 448,453 share purchase warrants exerciseable at a price of $0.95 for a period of 18 months.

Net proceeds from the private placement will be applied towards advancement of the Company's Philippines minerals properties and general working capital.

Brett Taylor, President of Cadan, and John D. Anderson, Chairman, purchased 550,000 units and 60,000 units, respectively, in the private placement.

The securities issued pursuant to the private placement and the finders' fees are subject to a four month hold period expiring June 24, 2010.

Cadan Resources Corporation is an emerging junior gold-silver producer and development company with significant mineral assets located in the Philippines. The company's T-boli gold silver mine is near completion and expected to be operational by the end of first quarter this year. Exploration and development work is also underway on its 9,000 hectare Comval Property which hosts large and significant Gold and Copper-Gold deposits.

On behalf of the board of directors,

John D. Anderson, Chairman

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.

For more information, please contact
Cadan Resources Corporation
John D. Anderson
Chairman
604 218 7400
604 628 5001 (FAX)
[e-mail]

or

Cadan Resources Corporation
Matthew Bell
604 910 4908
[e-mail]
www.cadanresources.com

[basserdan]

China buys stake in Philippines mine

It's not Cadan, but with China seeking mining resources in the Philippines, it could open up some eyes to the 'market' there...


China buys stake in Philippines mine

2010-01-19 11:06

Australia approves Zijin's Indophil takeover

CHINA'S Zijin Mining Group will send offer documents to shareholders of Australia-based Indophil Resources on 18 January after gaining approval from Australia's Foreign Investment Review Board for a A$547m ($505m) takeover bid.

Undertaken through its totally-owned subsidiary, Golden Resources Mining, the deal will deliver Indophil's 34.2% stake in the Tampakan copper and gold project in the southern Philippines island of Mindanao to Zijin which is China's largest gold producer and third-ranked copper producer.

With an orebody of 2.2b t containing an estimated 12.8m t of copper and 15.2m ounces of gold, Tampakan is the largest undeveloped copper-gold deposit in South East Asia's Pacific rim.

Operated by Xstrata, which gained a 62.5% stake in the project in late 2006, it is scheduled to begin production in 2016, targeting initial annual output of 340,000 t of copper and 350,000 ounces of gold. Xstrata owns 19.9% of Indophil which it has agreed to sell to Zijin in lieu of a better offer.

Acceptance of the Zijin bid has been recommended by Indophil's board and follows similarly priced but unsuccessful bids from Xstrata and a consortium led by Indophil managing director Richard Laufmann.

In a statement to the Hong Kong Stock Exchange, Zijin chairman Chen Jinghe said the offer will close on 19 March, but left open the option to extend the period "in accordance with the Corporations Act of Australia". The offer is conditional on 90% acceptance.

The Tampakan copper-gold deposit is characterized as a major high-sulphidation epithermal deposit superimposed on an underlying porphyry copper system. It has been surveyed by a programme of more than 150 drill holes which found 0.2¨C0.4% Cu porphyry-copper style mineralisation at depths of up to 500m.

http://www.chinamining.org/Investment/2010-01-19/1263870474d33504.html

[coinmaker]

Cadan Resources CXD.v - Philippines question of mine ownership-
No problem................

The 60% is owned by TMC which holds it in trust for Cadan. This is similar to Medusa and CGA.
The other important fact is that Cadan does hold 100% of the processing rights.

To me Cadan is like an infant Medusa Mining only two years younger.
If they go about their mine plan, this could be a big winner over the next two years. I am also very excited about their copper properties as well as gold/silver. They are very lightly traded and on several days the past two weeks I have bought ALL the traded shares. lol

[Ahorne]

Great News :)

STORY OF THE MONTH - Cadan transforms from explorer to producer
http://www.asiaminer.com/magazine/latest/story-of-the-month.html" rel="nofollow" target="_blank" >http://www.asiaminer.com/magazine/latest/story-of-the-month.html

In February Canada-listed Cadan Resources Corporation (CXD-TSX.V) will transform from Philippines explorer to gold and silver producer with copper production to follow later in the year.
The company’s exploration began about 10 years ago with the initial identification and exploration of potential projects but, Cadan’s CEO Brett Taylor says it has been in the last two years that activity has intensified.
“It has taken time and a lot of effort from everyone to get our gold, silver and copper projects to the ‘resources’ status, but now we are ready to take them into production.”
First cab off the rank in Cadan’s suite of projects on Mindanao will be the T’Boli epithermal gold and silver mine, which will provide cashflow and enable the company to concentrate on its larger copper prospects, with the first of these, Tagpura, expected to come into production in the second half of 2010.
Cadan’s chief operating officer Robert Butchart says the company expects to commission the mill at T’Boli in the first week of February.
“We have some tailings that we will put through the mill first to help iron out any teething problems and get it operating as smoothly as possible.
“Towards the end of February we will start putting through a bit of lower grade ore, the 2 or 3 grams/tonne material that surrounds the vein systems and is stockpiled at the mill. Then we will start putting the primary ore through which should be 10 or 12 grams/tonne plus.
“The ramp-up to full production is expected to take a month.
“We are pretty confident there won’t be undue delays. We’ll start slowly with tailings and build it up with lower grade dirt through the crushers into the higher grade ore.”
Robert Butchart says, “It’s very simple and straightforward the way we are doing it. The ore body is simple and basic as is the mining and processing. It’s similar to Medusa’s Co-O gold mine. We have visited this operation and our mine is basically the same, just like looking in a mirror.
“The mill is built locally and to suit local operating conditions. It will cost some Philippines Pesos 45 million and will have a capacity between 175-250 tonnes per day.
“To increase capacity in the future is also easy because we only have to build another mill. We can do this relatively quickly and inexpensively. It’s easier to do it this way than to take out a $10-20 million gold loan and build a much bigger operation.”
T'Boli is a typical epithermal high-grade narrow vein system that has a resource to date of some 420,000 ounces of gold and 1.6 million ounces of silver. This has an in-ground metal value of about US$450 million. There is the possibility of increasing this through a regional exploration program.
In addition, the company has a major gold deposit and copper-gold porphyry deposits in the Compostela Valley Province of eastern Mindanao.
The gold deposit is the Batoto-Tarale gold stockwork system which has a historic Philippine resource of 39 million tonnes @ 1.8 grams per tonne for some 2 million ounces of gold. Validation exploration activities, including drilling, are progressing, with a high possibility of significantly increasing both the tonnage and grade of this system, which is one of a number of known stockwork systems within a 15km by 3km corridor.
Significant copper-gold resources are in both porphyry and porphyry skarn deposits, especially in the Tagpura porphyry copper-gold deposit which has a conceptual or order of magnitude potential tonnage range between 1 billion and 1.7 billion tonnes with an average 0.42% copper and 0.17 grams/tonne gold.
Within this lies the porphyry skarn which has an internal resource of some 10 to 15 million tonnes at 0.75% copper and 0.31 grams/tonne gold.
It is the skarn that Cadan is focusing on as T’Boli begins operating. Robert Butchart says the skarn is the preferred option for initial production because it requires a lower capital cost with lower operating costs and offers early potential to generate free cash.
“The mining and production will be relatively easy while our test work has shown that the mineralogy of the ore is superb, the copper just falls out of it. It’s not difficult ore to treat, very simple, very basic.
“We are planning a bacteria heap leach operation but are also looking at other technologies and are getting some test work done on these.
“Tagpura is the first of our copper targets and we hope to be on the ground there in the next few weeks with the aim of beginning a pilot test of around 100,000 tonnes in the second half of 2010 before ramping up to annual production of 2 million tonnes.”
Cadan is in the final stages of negotiating a development agreement for Tagpura which it believes will help it bring these plans into fruition as soon as possible. It is also in the final stages of offtake negotiations for the Tagpura copper.
Brett Taylor says the company is also progressing with all the local and regional requirements necessary to begin operations at Tagpura and already has secured indigenous consent. “The environmental report is under way and we are preparing briefs for government officials as part of preparations for the processing report.”
Cadan has already identified a number of additional skarns which it plans to drill later and is targeting about 100 million tonnes of porphyry skarn at about 0.75-1% copper and about 0.3-0.5 grams/tonne of gold.
Other projects the company is exploring and hoping to bring into production within the next few years are the Kalamatan porphyry copper-gold deposit, which has an indicated conceptual or order of magnitude potential tonnage range of between 100 million and 525 million tonnes, and the company-discovered Cadan porphyry copper-gold target to the west which has a potential tonnage of between 450 and 900 million tonnes.
Robert Butchart says after Tagpura, the company will probably move over to the Maangob deposit. “We see ourselves starting at 2 million tonnes each year but there’s no reason why we can’t expand to 4, 6 or 10 million tonnes over the next 3 or 4 years.
“It has taken a couple of years to get our ducks all lined up but we are now ready to go and will be one of the better stories of 2010.”
Brett Taylor concurs and says, “We have done a lot of work over the past two years, including around 20,000 metres of drilling at Tagpura, and we have gone about our business quietly, but now we are on the verge of producing from some exciting prospects.
“Our technical team led by technical director Bill Goode has had a challenging and exciting two years, have remained focused on the task and have demonstrated a strong desire to achieve and succeed.
“These qualities have helped take us to the point of becoming a producer and will continue to stand as in good stead as we strive to become a significant gold, silver and copper business within the next two to three years.
“These factors will be aided by the strengthening demand for copper and gold, especially in Asia led by China and India.”

[oeo2oo]

Cadan to raise $3M for mining projects

CANADIAN miner Cadan Resources Corp. will raise up to $3 million to fund its gold, copper and silver projects in Southern Mindanao, the miner told the Canadian bourse on Friday.

Cadan said it would sell to prospective investors "3.5 million units at a price of $0.85 per unit for total proceeds of up to $2.975 million." Each unit would consist of one common share and one common share purchase warrant.

"Net proceeds from the private placement will be applied towards advancement of the company’s Philippines minerals properties and general working capital," the miner said.

Last month, Cadan began exploring its Batoto gold project in Compostela Valley, which contains a historic resource of 39 million metric tons (MT) of ore containing an average of 1.8 grams of gold per MT equivalent to 2.2 million ounces of gold.

Given a weaker dollar, gold is now selling at $1,091 per ounce, up from $857 per ounce in January, data from the New York Mercantile Exchange showed. The production cost of Cadan is expected to range from $250 to $350 per ounce of gold.

Cadan is halfway into completing its T’boli gold and silver processing
plant, also in Compostela Valley. The property contains about 420,000
and 1.6 million ounces of gold and silver, respectively.

Cadan, which is exploring 2,500 hectares of gold and copper properties in Compostela Valley and about 2,600 hectares of potential mining areas in T’boli, began looking for local mineral resources in 2003. It has so far spent $10 million for exploration activities in the
Philippines. -- Neil Jerome C. Morales
|


http://www.bworldonline.com/main/content.php?id=4654

[hallicrafter]

And this was published in the Sun Star, Davao on Aug. 20, 2009!!

Hal

KORONADAL CITY -- A foreign-backed firm is upgrading an old facility in T'boli, South Cotabato for metallurgical test purposes in line with the efforts to start the initial non-commercial production phase of gold and silver deposits, a top company official yesterday said.

Edgar D. Martinez, Tribal Mining Corp. president, said the rehabilitation of an old plant within the town proper is underway for the test production phase to gain ground.

"We're utilizing the old plant because it has an existing ECC [environmental compliance certificate] while the company at the same time continue seeking a larger ECC for a plant that shall be put up at the mines development site in [the village of] Kematu," he said.

Tribal Mining Corp., which is backed by Canadian exploration firm Cadan Resources Corp, acquired a Mineral Production Sharing Agreement covering 85 hectares in 1997. It has a term of 25 years.

Martinez said that due to a problem with small-scale mining operators in the area, the company will likely go into commercial production stage next year, also taking into account the permitting process period for its larger ECC.

The firm is late by about two months in blasting activity schedule to advance its mineralized tunnel systems due to the resumption of operations by small scale mining operators, he lamented.

South Cotabato Governor Daisy P. Avance Fuentes has allowed the small-scale miners to resume their activities after banning them for about nine months at the so-called "people's mining site" straddling 21 hectares.

The people's mining site is within Tribal Mining's MPSA territory.

Tribal Mining and the small-scale mining operators have yet to agree on the blasting schedule of the former, a dispute that has already reached the local court, Martinez said.

The mining executive said the company will use the facility in the town’s poblacion area for four to six months for its test production phase.

The facility was previously used by small scale miners with its ECC issued to Dibu S. Tuan, currently a member of the board of directors of Tribal Mining.

Tuan and Tribal Mining forged a contract for the latter to use the old facility, Martinez said.

Over the weekend, Brett Taylor, Cadan Resources chief executive officer, announced it has started the construction of six carbon-in-leach tanks and associated plant equipment with a capacity of up to 300 tons per day.

Preliminary civil works started last month and major works are to begin this month once China-made mining equipment arrives in the town, he said.

Cadan Resources recently purchased new jaw and cone crushers, ballmill, gravity circuit, spares and ancillary equipment from Zhengzhou Zhongding Heavy Duty Machine Manufacturing Co Ltd.

This development continues Cadan's progress of becoming a gold-silver producer, Taylor noted.

Based on current development costs, the company estimates a production cost range cost between US$ 250-350 per ounce of gold.

The T'boli project has deposits of 2.4 million tons, containing 420,000 ounces of gold and 1.6 million ounces of silver, Cadan Resource said earlier. Excavation of deposits will employ underground or tunneling method.

[hallicrafter]

I was kind of concerned reading that last post, but this article is from the Sun Star, Davao on August 20, 2009. They know exactly what they need to bring T'boli into production!! Brett ISN'T Rennie.

Still around,
Hal

KORONADAL CITY -- Canadian miner Cadan Resources Corp. has purchased imported equipment in preparation for the production phase of its gold and silver project in T'boli, South Cotabato, a mining executive confirmed on Wednesday.

Edgar D. Martinez, president of Tribal Mining Corp., said Cadan targets to start commercial production not later this year.

Tribal Mining, the local affiliate of Cadan, was granted a Mineral Production Sharing Agreement covering 85 hectares. It was approved in 1997 and has a lifetime of 25 years.

"We're working on the ECC (environmental compliance certificate) and completing the mining feasibility study. We already purchased (necessary) equipment because we're gearing to the production stage," he said.

Martinez said they have earlier submitted a partial mining feasibility study to the Mines and Geosciences Bureau (MGB).

He noted that Cadan is keen in bringing to production stage the T'boli gold-silver project since the firm considers it one of its biggest endeavors in the country.

Constancio A. Paye, Jr., MGB regional director, said the firm will only be allowed to go into production upon the approval of the requirements.

"The company is still in the exploration stage. They need to present their ECC and the mining feasibility study before they can proceed with the production phase," Paye said in a separate interview.

The mining feasibility study shall be approved by us, he said. The ECC is issued by the Environmental Management Bureau, another attached agency under the Department of Environment and Natural Resources.
Brett Taylor, Cadan president and chief executive officer, said in a statement released Tuesday the company has purchased new jaw and cone crushers, ballmill, gravity circuit, spares and ancillary equipment for the first phase test production, which is between 50 and 150 tons per day (tpd), at its T'Boli gold-silver mine.

The T'boli project has deposits of 2.4 million tons, containing 420,000 ounces of gold and 1.6 million ounces of silver. Excavation of deposits will employ underground or tunneling method.

Taylor said the equipment were bought from Zhengzhou Zhongding Heavy Duty Machine Manufacturing Co Ltd based in Zhengzhou, China.

"The combined equipment as recommended by metallurgical consultants will achieve a fine grind and optimum recovery of gold and silver," he said.

The jaw crusher is rated up to 22 tons per hour (tph), cone crusher to 23 tph and the ball mill is rated up to 8.2 tph sufficient for first phase production range between 50 and 150 tpd.

Further design changes may increase capacity to 200tpd, Cadan said.

Based on current development costs, the company estimates a production cost range between US$250-350 per ounce of gold.

[oeo2oo]

Cadan better get its ducks in order now!!

Hopefully this gets resolved quickly.

**********************
http://www.bworldonline.com/main/content.php?id=4062

Posted on 09:06 PM, January 05, 2010

T’boli mining project lacks gov’t permits

KORONADAL -- A foreign-backed mining firm has declared that it is set to start gold and silver production in T’boli, South Cotabato this month, with Chinese-made equipment beefing up its processing plant.
Canada’s Cadan Resources Corp. is aiming to be a gold and silver producer in the Philippines. -- WWW.CaDanresources.com
Canada’s Cadan Resources Corp. is aiming to be a gold and silver producer in the Philippines. -- WWW.CaDanresources.com

However, the regional Mines and Geosciences Bureau (MGB) office here said the T’boli project pursued by Tribal Mining Corp. and the Canadian firm Cadan Resources Corp. has yet to obtain the clearance essential to start the production phase.

“They have not even submitted their feasibility study for the approval of our agency, which would allow them to go into production stage,” said Constancio A. Paye, Jr., MGB Central Mindanao director.

The proponents also need to attach the environmental compliance certificate (ECC) given by the Environmental Management Bureau (EMB) to its feasibility study before they are given the go-signal to start production, the official added.

Datu Tungko M. Saikol, regional EMB director, said in a separate interview that his office has not issued an ECC for the T’boli silver and gold project. In a disclosure to the Toronto Stock Exchange dated Dec.

29, Cadan Resources said it was progressing from an explorer into an emerging gold-silver producer through the T’boli mine.

“On current schedule, [the T’boli mine site] is targeted [to commence production] for late January 2010,” Brett A. Taylor, Cadan Resources president and chief executive officer, said. The disclosure came with the announcement of the appointment of Robert Gordon Butchart as director of Cadan Resources.

Mr. Butchart has been involved in the mining industry for more than 25 years. He has owned and operated exploration companies and drilling rigs in Australia and other countries and has been heavily involved in heap leaching operations and narrow-vein underground gold mines.

He will be responsible for operations to ensure that the company achieves its performance targets. The company board welcomed Mr. Butchart’s entry as a director of the company as it proceeds to become the latest Philippine-based gold-silver producer, the disclosure stated.

As early as last month, the processing plant for the T’boli mine was more than halfway complete, with equipment such as new jaw and cone crushers, a ball mill, a gravity circuit, spares, and ancillary bought from Zhengzhou Zhongding Heavy Duty Machine Manufacturing Co. Ltd.

Edgar G. Martinez, president of Tribal Mining, could not be reached for comment regarding the apparent lack of clearances from government regulatory bodies. But earlier, he told BusinessWorld the group would soon upgrade an old plant that has an existing ECC for the test production phase.

The T’boli project has deposits of 2.4 million tons, containing 420,000 ounces of gold and 1.6 million ounces of silver, Cadan Resources said earlier. Excavation of deposits will involve the underground or tunneling method.

Based on current development costs, the company estimates a production cost range between $250.00-$350.00 per ounce of gold.

Tribal Mining acquired in 1997 from the government a Mineral Production Sharing Agreement covering 85 hectares. The agreement has a life-span of 25 years. -- Romer S. Sarmiento

[Ahorne]

and well as enable the Company to increase its public and investor awareness, especially as it proceeds to become the latest Philippine-based gold-silver producer.

When does the volume comes? I think soon.
I am very bullish for Cadan :)

[basserdan]

Cadan Appoints Chairman and Chief Operating Officer

Monday January 4, 2010, 9:15 am

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 4, 2010) - CADAN RESOURCES CORPORATION (TSX VENTURE:CXD - OTC:CADAF; FRANKFURT:A0MZ25 - News; "Cadan" or the "Company") is pleased to announce that its Board has appointed a Chairman and Chief Operating Officer.

Mr John D Anderson has been appointed Chairman and Mr Robert Gordon Butchart has been appointed Chief Operating Officer.

These appointments, and associated responsibilities, will ensure a focus on operations and well as enable the Company to increase its public and investor awareness, especially as it proceeds to become the latest Philippine-based gold-silver producer.

On behalf of the board of directors,

Brett Taylor
President & CEO

http://finance.yahoo.com/news/Cadan-Appoints-Chairman-and-ccn-2468921592.html?x=0&.v=1

[basserdan]

Cadan Appoints New Director

December 29, 2009, 9:15 am

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 29, 2009) - CADAN RESOURCES CORPORATION (TSX VENTURE:CXD - OTC:CADAF; FRANKFURT:A0MZ25 - News; "Cadan" or the "Company") is pleased to announce that Mr Robert Gordon Butchart has been appointed as a Director to the Company.

Mr. Butchart, currently a consultant to Cadan, has been instrumental in the Company's progression from largely an explorer to an emerging gold-silver producer at its T'Boli mine which, on current schedule, is targeted for late January 2010. Later in 2010, the Company proposes to produce copper-gold from its Comval copper-gold project - commencing with the Tagpura porphyry skarn.

Mr Butchart has been involved in the mining industry for more than 25 years. He has owned and operated exploration companies and drilling rigs in Australia and overseas, has been heavily involved in heap leaching operations and narrow vein underground gold mines.

He will be responsible for Operations to ensure that the Company achieves its performance targets.

The Board is delighted to have Mr Butchart as a director of the Company as it proceeds to become the latest Philippine-based gold-silver producer.

On behalf of the board of directors,
Brett Taylor, President & CEO

http://finance.yahoo.com/news/Cadan-Appoints-New-ccn-586128599.html/print?x=0