During November, Dr. Lewis visited the El Tigre property and collected 44 samples of veins, vein stockworks and silicified wallrocks over an area two kilometres by one kilometre. Of the 44 samples collected, 18 contain in excess of 500 ppb (0.5 gpt) gold, 12 assayed over 1.0 gpt and 5 samples carry between 3.5 and 9.5 gpt. The widest vein encountered is a minimum of 2.5 metres wide and carries 3.5 grams per tonne (gpt) gold. The widest stockwork zone reaches a width of 8 metres, contains 20 to 30% vein material and averages 1. 66 gpt gold.
The highest grade obtained, 9.54 gpt, was from selected quartz material in a breccia fragment containing both vein stockwork and well layered quartz veins 0.25 metres wide. A crustiform-banded, fine grained quartz vein 0.40 metres wide carried 3.7 gpt gold.
Vein filling consists of fine to very fine-grained quartz and locally coarse- grained calcite. Crustiform banding is common, and some veins contain silica pseudomorphs of bladed calcite textures. All of these features are consistent with the low-sulfidation epithermal environment interpreted for the El Tigre property.
Candente personnel and Dr. Wolfgang Morche are completing field mapping which, in conjunction with Dr. Lewis' work, should allow the Company to re-interpret the geology on the property and define new targets for drilling. This work may be followed by a geophysical survey to assist in completing the understanding of the geological setting and the defining of drill targets. The area of known mineralization is obscured to the east by recent sands and a resistivity survey is expected to delineate any siliceous zones covered by the sands, as well as depths to bedrock.
Stock Options Exercised
The Company is also pleased to announce that three directors have advised the company that they will exercise options to purchase a total of 322,000 shares in the Company. Joanne Freeze, President, will purchase 140,000 shares at $0.45, Ing. Fredy Huanqui, Director and Exploration Manager will purchase 130,000 shares at $0.45 and Peter de Visser, C.F.O. will also purchase 52,000 shares at $0.45 per share.
Candente Resource Corp. currently holds interests in epithermal gold, disseminated copper-gold and volcanogenic massive sulphide prospects. The Company's founders have extensive exploration experience in Peru and have been involved in some of Peru's major discoveries. For a comprehensive overview and property portfolio for Candente Resource Corp. please see www.candente.com or contact Chris Verrico at (604) 689-1957 or at investor@candente.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Joanne Freeze, P. Geo., President and CEO
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.