Cadiscor Acquires the Dormex Property From IAMGOLD
November 04 2008 - 8:30AM
Marketwired
Cadiscor Resources Inc. ("Cadiscor") (TSX VENTURE: CAO)(FRANKFURT:
DQN) is pleased to announce that is has acquired a 100% interest in
the Dormex property from a subsidiary of IAMGOLD Corporation. The
property surrounds the Sleeping Giant Mine and consists of 127
claims covering an area of 6,101 hectares.
In exchange for the property, Cadiscor has granted a 1% NSR
royalty on future gold or silver production from the property and a
1.5% NSR royalty in the case of a base metal deposit, provided such
deposit contains more than 5 million tonnes of measured and
indicated resources as shown in a 43-101 report.
The Dormex property is located in the same geological context as
the Sleeping Giant Mine. A number of till gold anomalies similar to
the Sleeping Giant Mine till anomaly have been identified on the
property; the Sleeping Giant Mine till anomaly is recognized as one
of the highest ever identified in Canada. Previous drilling on the
Dormex property has not yet located the source of the anomalies.
Cadiscor will review previous work results in light of the Sleeping
Giant Mine geological information and will continue exploring the
Dormex property. The presence of the Sleeping Giant Mill would
enhance the economic feasibility of any discovery on Dormex.
Mr. Vincent Jourdain, P.Eng., Ph.D, Vice President Exploration
of Cadiscor, is the qualified person as defined by 43-101
Regulation and has over 20 years of experience in mineral
exploration. Mr. Jourdain has approved the content of this press
release.
Forward-Looking Statements
This press release contains forward-looking statements subject
to certain risks and uncertainties. There can be no assurance that
these statements will prove to be correct, and actual results and
future events could differ materially from those implied by such
statements. These risks and uncertainties are discussed in the
annual report filed with the securities commissions of Alberta,
British Columbia and Quebec, and in the 10-KSB annual report filed
with the US Securities and Exchange Commission.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts: Cadiscor Resources Inc. Michel Bouchard President
450-449-0066 / 1-877-440-0066 mbouchard@cadiscor.com Cadiscor
Resources Inc. Linda Plante Investor Relations 450-449-0066 /
1-877-440-0066 lplante@cadiscor.com www.cadiscor.com 314 Finance
Corp. Tasso Baras Investor Relations 604-738-3882
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