Cañariaco Norte -- 100% held by Candente - LEACHABLE COPPER ZONE EXPANDED
A chalcocite (leachable copper) zone extending over a minimum of 600 metres (m) laterally and 100 to 200m or more vertically, in the central to southern half of the deposit, is indicated by re-logging of old drill holes, sequential leach assays from 2004 drilling, mapping, and leach testing of bulk samples. Chalcocite also occurs at the top of most of the drill holes and may dominate the eastern and western parts of the deposit. A leached cap varying from 0 to 60 metres overlies the chalcocite zone. The combination of favourable topography and a generally thin leach cap allows for a very low strip ratio. Chalcopyrite mineralization generally underlies the chalcocite zones and has grades of 0.41 to 0.86% Cu in the 12 holes drilled by Candente. Gold and silver grades to date average 0.12 grams per tonne (gpt) gold and 2.0 gpt silver over 234 m. This distribution is shown on cross-sections which can be viewed at:
http://www.candente.com/s/PeruProjects_Canariaco.asp.
Significant copper mineralization (chalcocite and chalcopyrite) has been intersected in 21 of 22 holes drilled to date over an area extending over 1.0 kilometre (km) by 1.2km laterally and 396m vertically. In 2004 Candente intersected an average of 0.70% over 151m (within 0.67% over 167 metres) in 12 holes drilled over an area covering less than 20% of the mineralized system. All holes ended in copper grades of 0.55% to 1.00%. Higher grade zones include: 1.01% over 96 metres.
A preliminary resource estimate is in progress and expected to be completed near the end of the month. Future drilling will be targeted to confirm the extent and grades of the extensive chalcocite zones to the south, west and east as well as the chalcopyrite zone to the north. Two additional porphyry targets on the property will also be explored.
Alto Dorado -- 100% held by Candente - MINERAL SYSTEM EXPANDED TO 9KM BY 2-3KM
An Induced Polarization (IP) geophysical survey has expanded the chargeability anomaly to a length of 7km by 1km. The chargeability coincides with an extensive area of porphyry style alteration and a 9km by 2-3km area of anomalous levels of gold, copper, molybdenum and silver in soils and rocks. These features and significant mineralized system are all characteristics of large porphyry gold-copper systems.
The 7km by 1km chargeability anomaly is still open in all directions and includes three centres of strong chargeability (2km, 1.7km and 1.36km long). Two drill holes targeted on geochemical anomalies 5 km apart and drilled prior to the completion of the IP survey, intersected anomalous gold and copper levels over 175m and 160m vertically (0.22 gpt Au, 0.17% Cu and.13 gpt Au, 0.08% Cu). The gold and copper grades intersected are typical of those often found on the margins of economic gold-copper deposits. Both holes occur in anomalous but low chargeability areas proximal to two of the higher chargeability centres.
Moderate to high chargeability zones around drill holes DDH-04-008 and RCH-98-008, as well as several additional areas associated with the IP anomalies will be targeted in future drilling. For more technical information on the Alto Dorado property please refer to: http://www.candente.com/s/Projects_Peru.asp?PropertyInfoID=655&View=1.
Michael Casselman, M.Sc., P.Geo., General Manager Exploration and Director of Candente and Joanne C. Freeze P. Geo. President, are the qualified persons (QP) as defined by NI 43-101 for the projects discussed above and they have verified the information, have read and approved the contents of this release.
Candente is a diversified copper and gold exploration company. Our focus is to increase shareholder value through discovery. Candente has an advanced exploration stage copper project, Cañariaco, and several other gold and gold-copper projects in Peru and Newfoundland. 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 info@candente.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Joanne C. Freeze"
Joanne Freeze, P. Geo., President & CEO
Candente Resource Corp.
Release No. 125
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.