Candente Resource Corp. ("the Company") is pleased to provide the following update on the Linear Property, Central Newfoundland. The property is located in the Botwood Basin, currently the focus of several exploration companies and recently recognized as similar to Nevada's Carlin trend (where 20 mines have produced a total of 50 million ounces of gold).
The Linear Property is well positioned along a five km long gold bearing structure in the centre of current activity. The western side of the property is contiguous with the northeasterly striking Mustang epithermal (Carlin-like) gold trend currently being explored by Barrick Gold with Altius Minerals. Properties to the east and northeast of Candente's Linear Property are held and being explored by other companies.
Prior to the recognition of Carlin-Nevada style alteration and Barricks' involvement in the area, significant gold mineralization was found at ten locations on the Linear Property. Prospecting initially turned up visible gold in quartz boulders along a northeasterly structure. Additional exploration, prospecting, trenching and diamond drilling, exposed the ten gold showings, which occur over a two km strike length and 1.2 km width. Five of the showings contain visible gold.
Gold mineralization varies from narrower zones with higher grades such as 93.6 gpt over 1 metre and 15.36 grams per tonne (gpt) over 2.7 metres to wider zones of 4 to 5 metres grading 2 to 4 gpt. and up to 7 metres grading 1 to 2 gpt. One of the more impressive showings "the Dome" is described as a blow-out of brecciated quartz veins carrying abundant visible gold. A 7m by 10m area tested by four (4) orthogonal channel samples, gave an uncut grade of 42.9 gpt Au. To date ten individual veins have been noted to carry visible gold within the trenched area.
The visible gold showings all occur on the east side of the main northeasterly structure, the Appleton Linear. On the west side of the structure, microscopic gold occurs with sulphides including pyrite, arsenopyrite and minor bladed stibnite.
Exploration on the Linear Property will be overseen by Larry Kornze, Candente's director of business development. Mr. Kornze has extensive experience in the Carlin Trend of Nevada as former Exploration Manager for Barrick Gold and was instrumental in the Goldstrike Mine discoveries (2.4 million ounces produced in 2000). Fieldwork will be carried out to a large extent by Kevin and Allan Keats of A.S.K. Prospecting and Guiding Inc., who are responsible for many of the gold showings found over the past 15 years in Central Newfoundland (Botwood Area) and on the Linear Property.
Management continues to be extremely pleased with exploration results in Peru and an update on the Luna Property will be issued in the near future.
Candente is a junior exploration company focused on the acquisition, exploration and development of world-class gold and copper projects. For more information on our current exploration progress visit www.candente.com and/or call us at (604) 689-1957, toll free 1-877-689-1964 or e-mail to email@example.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Joanne C. Freeze"
Joanne Freeze, P. Geo., President & CEO
Candente Resource Corp.
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.