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Candente Announces an Increase in Drill Program at Canariaco Norte, Peru.


VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography
 -- Candente Resource Corp. (DNT DNT Document & Network Technologies
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:TSX TSX Toronto Stock Exchange (TSE before April, 2002)
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) -

- Drilling Contract Expanded to 5,000 Metres

- 3 holes to date bottom in copper mineralization Mineralization
The process by which the body uses minerals to build bone structure.

Mentioned in: Rickets

mineralization,
n the bioprecipitation of an inorganic substance.


- Mineralization extended 600 metres south of 2004 grid and down to 500 metres in depth

- Warrants Expired, Dilution Decreased

Candente Resource Corp. is pleased to report that four holes of the Phase II diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral  program have been completed by subsidiary Exploraciones Milenio S.A. on the Norte Zone of the Canariaco property in Peru. The current drilling contract has been increased from 3,500 metres (m) to 5,000 m to allow an increase in the number of holes to be drilled in Phase II. Additional phases are also expected to be drilled at Canariaco this year. Permitting is in place to allow drilling of a total of 78 holes within a year. All holes have been drilled vertically and the following are final depths of the holes drilled to date.
DDH-05-013    135 m
DDH-05-014    501 m
DDH-05-015    270 m
DDH-05-016    375 m



Drill hole 05-013 was collared 150 m south of the area included in the Preliminary Inferred Resource and Candentes' Phase I 2004 drilling grid. Each successive hole has been drilled on a north-south line The North-South Line may refer to several different railway lines:
  • The North-South Line of the KTM Intercity service in peninsular Malaysia.
  • The North South Line of the Mass Rapid Transit in Singapore.
 at approximately 150 metre spacings such that DDH-05-016 was drilled approximately 600 metres south of the Phase I drilling grid. DDH-05-017 has been collared 150 m south of DDH-05-016 (750 m south of the Phase I drilling grid).

The first drill hole, DDH-05-013, was stopped in copper mineralization short of the objective depth due to drilling difficulties. DDH-05-014 intersected copper mineralization to the bottom of the hole at 501 m. DDH-05-15 appears to have followed steeply dipping post mineral dykes for most of the hole. DDH-05-16 also ended in copper mineralization at 375 m and showed an increase in molybdenum molybdenum (məlĭb`dənəm) [Gr.,=leadlike], metallic chemical element; symbol Mo; at. no. 42; at. wt. 95.94; m.p. about 2,617°C;; b.p. about 4,612°C;; sp. gr. 10.22 at 20°C;; valence +2, +3, +4, +5, or +6.  content. Estimates of potential copper and molybdenum grades based on visual appearances will not be reported due to the common inaccuracy in·ac·cu·ra·cy  
n. pl. in·ac·cu·ra·cies
1. The quality or condition of being inaccurate.

2. An instance of being inaccurate; an error.
 of such. Core samples are being submitted to Act Labs Skyline Peru SAC and assay results will be reported once received and compiled. Michael Casselman, P.Geo., Robert Van Egmond, P.Geo., and Joanne Freeze, P.Geo., are the Qualified Persons for the project as defined by NI 43-101.

Phase II drilling is focusing on expanding the preliminary inferred copper and gold resource at Canariaco Norte which estimates 76.5 million tonnes grading 0.614% copper and 0.099 grams per tonne gold at a cut-off cut-off Anesthesiology The point at which elongation of the carbon chain of the 1-alkanol family of anesthetics results in a precipitous drop in the anesthetic potential of these agents–eg, at > 12 carbons in length, there is little anesthetic activity,  grade of 0.30% copper in an area covering only 300 m by 300 m (14 hectares) on surface. Contained metal in the inferred resource equals 1.035 billion pounds of copper and 243,000 ounces of gold.

Maps and cross-sections can be viewed at: www.candente.com/s/PeruProjects_Canariaco.asp

The Company reports that 2,125,000 warrants have expired and therefore the number of common shares on a fully diluted basis now stand at 48,452,704. Warrants remaining in the Company are 312,500 exercisable at $1.00 per share until October 21st, 2005 and 300,000 exercisable at $0.70 per share until October 22nd, 2006.

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, Canariaco, and several other gold and gold-copper 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.

ON BEHALF OF THE BOARD OF DIRECTORS

Joanne Freeze, P. Geo., President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.

Candente Resource Corp.

Release No. 134

This News Release may contain forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
  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 An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
 protection for forward-looking statements.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 6, 2005
Words:682
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