- Significant copper intersected in all 25 Candente holes drilled to date
- Leachable copper makes up 44% of the deposit grid-drilled to date
- Copper system expanded more than five fold since inferred resource of 1B lb copper and 243,000 oz gold
- Deposit still open in all directions
- Low strip ratio (leach cap averages only 44 m)
The drill is being mobilized to the first site, Hole # 26, which will focus on extending the deposit to the southwest where leachable copper occurs over 346 m in thickness. Drilling to date this year has nearly tripled the surface expression (from 14 to 38 hectares) and more than doubled the vertical extent (640 m) of copper mineralization and no limits to the mineralization have been found yet.
Joanne Freeze, P.Geo., President and CEO comments that "the leachable zones being delineated at the southern end of the grid-drilled area could prove to be excellent starter pit zones for a leachable copper operation. We are very excited to start drilling again and continue to expand the deposit. Drilling this year has already shown more than a five fold increase to the extent of mineralization. Last year's drilling delineated an inferred resource of 1.035 B lb copper and 243,000 oz gold."
For more information please refer to: http://www.candente.com/s/PeruProjects_Cañariaco.asp.
Joanne Freeze, P.Geo., is a Qualified Person as defined by NI 43-101 and has reviewed this news release.
Candente is a diversified copper and gold exploration company with a focus to increase shareholder value through discovery. In addition to the Cañariaco Project, Candente has several other gold, copper and silver projects in Peru. Candente's directors have individual track records in both the discovery and development of multi-million ounce gold and silver, and multi-billion pound copper deposits. Candente subscribes to principles, which ensure 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 email@example.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Joanne C. Freeze"
Joanne Freeze, P. Geo., President & CEO
Candente Resource Corp.
Release No. 139
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. Candente relies upon litigation protection for forward-looking statements.