CADAN

Reported the anomaly had been extend for at least 1,200 meters in the east-west direction and 1,000 meters in the north-south direction and is open to the west, southwest, south and perhaps south east. The survey also indicates that it extends to at least 500 meters in depth.

Cadan Resources announced a private placement of Can$4.95 million. Proceeds will be used for ongoing exploration, including drilling on the company’s Tagpura, Kalamatan and Cadan copper-gold porphyry properties, its T’Boli gold silver deposit in the Philippines and its Colombian operation. Funds will also be used for general working capital.

Announced treches results at Cadan copper-gold porphyry target. Highlights include: 839400mE trench returned an interval of anomalous gold averaging 0.33 g/t gold over 20 metres of trenching with gold grades ranging from 0.07 g/t gold to 0.73 g/t gold.