Candente Resource Corp. ("the Company") is pleased to announce a new gold zone (Blanquitos) has been discovered on the Lunahuana Property (100% undivided interest).
Higher grade mineralization has been found in the northwestern portion of the property. Gold values of 6 grams per tonne (gpt) over an area 10 metres (33 feet) by 5 metres in extent and greater than 10 gpt over a second area 10 metres by 2 metres, were obtained from (surface) rock chip samples.
The Company is very encouraged by the presence of this higher grade mineralization especially as it is associated with bodies which could be substantial in size. The extent of mineralization at Blanquitos has not yet been determined. This is due to the pervasiveness of the alteration and the presence of alluvial material, which covers the southern extent of both of these zones. Exploration is ongoing on the property and will continue to focus on enhancing drill targets and expanding known gold zones by trenching, pitting, rock chip sampling and geological mapping.
This new style of mineralization occurs in silicified bodies varying from a few metres in thickness to tens of metres in thickness. These bodies have been identified in several locations within a trend/zone extending over at least one km (3,280 feet) in length and 200 metres in width. A second style of gold mineralization occurs with copper in veins and mantos approximately 75 metres above the more massive style of mineralization.
Three IP (high chargeability) anomalies have been identified as excellent targets for bulk tonnage mineralization on the property. One of these anomalies (Western) follows the same trend as the Blanquitos Zone but more geophysics will be required to cover this area.
Due to intense alteration and brecciation, original rock types have not been determined in the field but fresher outcrops show that the area is underlain by sedimentary-volcaniclastic rocks, feldspar porphyries and diorite. The sedimentary-volcaniclastic unit comprises the same tuffs and mudstones that host the Western and Northeastern IP anomalies. Alteration in Blanquitos includes pervasive silica, argillization, quartz veinlets, jarosite, hematite and limonite.
Candente is a junior exploration company focused on the acquisition, exploration and development of world class gold and copper projects in Peru. 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.