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Cadan Resources Corporation

11:40 AM EST - Cadan Resources Corporation : announced high-grade sections of: 38 metres at 1.72% copper and, at 65 metres along strike, 30m at 0.98% copper at the Maangob porphyry copper-gold deposit. The mineralized zone contains an historic resource of 39.6 M tonnes @ .36% copper, 0.5 g/t gold and 4 g/t silver. These high-grade results are from sampling and mapping of some 850 metres of underground adits at Maangob porphyry copper-gold deposit and indicate a horizontal true width of mineralization of 105 metres at 0.52% copper. Assays for gold and silver are pending. Cadan Resources Corporation shares V.CNF are trading up $0.01 at $0.10.