The high chargeability zones appear to be associated with gold mineralization as they both occur within the same structural trend. The high chargeability signature also fits that expected for a sulphide bearing gold system similar to the type of mineralization found to date on the property. The high chargeability zones were identified by a recently completed Induced Polarization (IP) survey and occur over a 3.2 kilometre (km) length. Gold has been identified to date at several locations over 2.5 km of the same trend.
Gold mineralization (0.5 to 25.7 grams per tonne (gpt)) is evident in three main trenched zones in bedrock, angular rock float, soils and heavy mineral concentrate (HMC) samples. Gold values ranging from 0.5 to 13.5 gpt (several in the 1.5 to 5 gpt range) occur in the main zone in rocks comprising 1 metre (m) channels in trenches, selected samples and angular float in pits over a 70 by 30m area. Outside the trenched area overburden masks outcrop exposure over much of the property.
The styles of mineralization, host rocks, structural setting and geochemical signature found to date on the Staghorn Property are all typical of intrusion hosted-orogenic deposits such as the 175 and 19 million ounce gold deposits at Muruntau and Kumtor in Central Asia.
For more technical details please refer to: http://www.candente.com/s/projects_staghorn.asp
Candente also continues to advance exploration on other properties in Newfoundland and is pleased to announce it has optioned the Duder Lake gold property from Roland Quinlan and Quest Inc. of Newfoundland. Option terms include: cash payments totalling Cdn$105,000; issuance of a total of 130,000 common shares; and an aggregate of Cdn$275,000 in exploration expenditures over four years. Candente has the right to acquire an undivided 100% interest in the property subject to a 2.5% Net Smelter Return royalty (NSR). The NSR royalty may be reduced from 2.5% to 1.5% with a payment of Cdn$1,000,000. First year exploration commitments of $25,000 have been met. At Duder Lake gold mineralization has been found in several trenches and shallow drill holes over a 2.5 km length along a north-northeast trending shear system. Candente has recently identified high chargeability (IP) zones which appear to be associated with the gold mineralization.
Candente is a well-funded mineral exploration company focused on the acquisition and exploration of world-class gold and copper projects. Management has a strong geological/technical focus and a track record of discovering world-class mineral deposits. Candente has a policy of ensuring that its exploration and development activities are beneficial to the local communities. For more information visit www.candente.com, call us at (604) 689-1957, toll free 1-877-689-1964 or e-mail to info@candente.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Joanne C. Freeze"
Joanne C. Freeze, P.Geo., President & CEO
CANDENTE RESOURCE CORP.
The TSX 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. The company relies upon litigation protection for forward-looking statements.