March 30, 2007 15:54 ET

eResearch Issues Initiating Report on Candorado Operating Company Ltd.

TORONTO, ONTARIO--(CCNMatthews - March 30, 2007) - eResearch analysts, Amy Stephenson, MBA, CFA, and Bob Weir, B.Sc., B.Comm., CFA, have written an Initiating Report on Candorado Operating Company Ltd. (TSX VENTURE:CDO). Candorado is an early-stage exploration company focused on gold and base metals in Canada, primarily in British Columbia. It owns over one million acres of exploration properties.

In the Report, the Analysts state, "Candorado's exploration strategy is to acquire or stake claims at an early stage, and negotiate options to acquire 100% of prospective properties to be: (a) explored by the Company on its own; (b) joint-ventured; or (c) financed by the optionee for the next exploration phase."

The Analysts go on to say, "Based upon the Company's planned exploration program for 2007, favourable drilling results could lead to considerable upside potential for the shares from current levels."

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Candorado Operating Company Ltd. paid eResearch a fee of C$18,500 + GST to conduct research on the Company, on an Annual Continuous Coverage basis.

Contact Information

  • Candorado Operating Company Ltd.
    Rene Bernard
    (250) 979-2590
    Bob Weir, CFA, Director of Research
    (416) 643-7643
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