Candorado Operating Company Ltd.

Candorado Operating Company Ltd.

May 11, 2006 14:21 ET

Candorado to Test Gold in Soil Anomaly in Central B.C.

KELOWNA, BRITISH COLUMBIA--(CCNMatthews - May 11, 2006) - Candorado Operating Company Ltd. (TSX VENTURE:CDO) (FWB:HQU) (BERLIN:HQU) -

The company wishes to announce that it has asked Discovery Consultants, its geological contractor, to design a trenching program over a large gold-in-soil anomaly near English Lake and located within Candorado's 100% owned "South Canim Lake" claim block.


In 1989 and 1990 Placer Dome Inc. outlined a very extensive and significant NE trending gold-in-soil anomaly in the area now entirely covered by Candorado's claims. The anomaly, which extends at least 3.8 km, parallels structures interpreted from Landsat imagery and a VLF-EM survey. The better gold values (up to 850 ppb Au) are found at the higher elevations where the till is thin and the mineralized bedrock is likely closer to surface. In 1995, K.Downes, Ph.D., P.Geo conducted a geo-chemical program for Pacific Charters Ltd on the property. His conclusion (Ass.R. #24039) indicates the presence of significant gold in the fine sand fraction of the auriferous till at higher elevations and that the pyritized and hydrothermally altered volcanics and sediments are not enriched in gold and cannot be the source of the anomaly.

About Candorado Operating Company:

Candorado is a British Columbia based junior exploration company with its shares listed on the TSX Venture and the Frankfurt and Berlin stock exchanges. Almost all of its exploration properties are in British Columbia where the company holds an interest in some 275,000 hectares (2750 sq/km).The major focus of the company is in the central part of the Quesnel copper/gold belt south of Quesnel Lake. The recently acquired Serb Creek molybdenum deposit, the Pitt Island extensive VMS project and a large property adjoining B.C. Metals copper/gold porphyry camp in northern B.C. are the companies other exploration properties.

With gold and base metal prices at levels not seen in many years the company feels well positioned and plans for an aggressive 2006 exploration season.

"Rene Bernard", C.E.O. & President

ON BEHALF OF THE BOARD OF DIRECTORS of Candorado Operating Company Ltd.

Cautionary Statement on Forward-Looking Information

The statements made in this News Release may contain certain forward looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Candorado Operating Company Ltd.
    Rene Bernard
    C.E.O. & President
    (250) 860-2950
    (250) 860-2957 (FAX)
    Candorado Operating Company Ltd.
    Suite 208 - 478 Bernard Avenue
    Kelowna, British Columbia, Canada V1Y 6N7