Candente Drilling Expands Leachable Copper and Intersects More High Grades at Canariaco.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , 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. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :DNT DNT Document & Network Technologies DNT Dinitrotoluene DNT Dynamic Network Technologies DNT Do Not Type DNT Dodonu Ni Taukei Party (Fiji political party) DNT Do Not Touch DNT Dialed Number Trigger DNT Do Not Translate ) (Candente) is pleased to announce that 40 metres (m) of 1.03% leachable copper (Cu) has been intersected in the Eastern potential starter pit area and that the near surface leachable 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. has been expanded to a width of 750 m. To date three potential starter pit zones have been identified in the southwestern and eastern areas and in the northern half of the deposit. In these areas, leachable copper occurs close to surface and in favourable topography topography (təpŏg`rəfē), description or representation of the features and configuration of land surfaces. Topographic maps use symbols and coloring, with particular attention given to the shape and elevations of terrain. and at grades which could allow early payback Payback The length of time it takes to recover the initial cost of a project, without regard to the time value of money. of capital expenditures. The increased width of the copper deposit to 750 m is an excellent advance for the project such that, in combination with topography, an open pit across this width could now be large enough to access the full 640 vertical metres of copper mineralization demonstrated by drill hole 05-14. Previously a depth of only 221 m was used in the inferred resource (76.5 Mt grading 0.61% Cu - DDH DDH Decision Diffie-Hellman DDH Developmental Dysplasia of Hip DDH Dorothy Day House DDH Document Drafting Handbook DDH Dublin Dental Hospital DDH Destroyer-Carrying Helicopter DDH Dissociated Double Hypertropia 05-001 to 012) and a depth of only 336 m was used in the additional potential (325 Mt grading between 0.45% and 0.65% Cu - DDH 05-013 to 025, as reported on October October: see month. 19th, 2005). Candente has now completed an additional 11 holes at Canariaco Norte (05-26 to 36) and assay results have been received for 7 of the 11 holes (05-26 to 05-32). Six of the seven holes intersected significant copper mineralization and five of these demonstrate a large expansion of the area containing open pittable leachable copper mineralization. DDH 05-030 intersected a significant new zone of chalcopyrite chalcopyrite (kăl'kəpī`rīt, kăl`kōpī'rīt) or copper pyrites (pīrī`tēz, pə–), brass-yellow mineral, sometimes with an iridescent tarnish. mineralization with an average grade of 0.43% Cu over 229 (27 to 256 m). Highlights of Open Pittable Leachable Copper Zones New Holes From (m) To (m) Width (m) Grade (%) Leachability (%) -------------------------------------------------------------------- DDH 05-026 138.0 148.5 10.5 0.54 91 DDH 05-027 132.0 277.0 145.0 0.23 72 DDH 05-028 54.6 82.0 27.4 0.44 79 DDH 05-029 54.5 112.0 57.5 0.46 62 DDH 05-032 106.0 146.0 40.0 1.03 60 Previous Holes From (m) To (m) Width (m) Grade (%) Leachability (%) -------------------------------------------------------------------- DDH 04-001 64.0 134.0 70.0 1.16 72 DDH 04-002 60.0 80.0 20.0 1.02 72 DDH 04-003 40.0 62.0 22.0 1.00 62 DDH 04-004 64.0 80.0 16.0 0.66 62 DDH 04-005 36.0 70.0 34.0 0.75 60 DDH 04-006 50.0 82.0 32.0 1.03 68 DDH 04-007 34.0 130.0 96.0 0.78 83 DDH 04-008 46.0 260.0 214.0 0.64 85 DDH 04-009 52.0 86.0 34.0 0.95 82 DDH 04-010 18.0 44.0 26.0 0.78 61 DDH 04-011 44.0 134.0 90.0 0.72 78 DDH 04-012 64.0 106.0 42.0 0.43 68 DDH 04-013 26.0 50.0 24.0 0.49 60 DDH 04-014 16.0 34.0 18.0 0.47 62 DDH 04-016 44.0 42.0 8.0 0.68 68 DDH 04-018 86.0 101.0 15.0 0.57 80 DDH 04-019 30.0 111.0 81.0 0.55 75 DDH 04-020 12.0 358.0 346.0 0.49 73 DDH 04-021 8.0 287.0 279.0 0.44 66 DDH 04-022 16.0 24.0 8.0 0.29 65 DDH 04-023 23.0 111.0 88.0 0.58 74 DDH 04-024 24.0 65.0 41.0 0.65 75 DDH 04-025 75.0 200.0 125.0 0.50 80 The following table has been included for general reference for leachable grades.
Profitable Heap Leaching Copper Operations
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Cu
Produc-
tion
Tonnes Grade Contained Costs
Company Project Status (Million) (%Cu) Cu (M lbs) (US$/lb)
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Falconbridge Lomas
Bayas,
Chile Mine 572 0.28 3,530 0.47
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Anglo
American Mantoverde,
Chile Mine 310 0.60 4,100 0.58
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Phelps Dodge
& Azco
Mining Piedras
Verdes,
Mexico Mine 281 0.37 2,287 0.52
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Phelps Dodge Dos Pobres,
USA Mine 516 0.34 3,859 0.52
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Phelps Dodge
& Codelco El Abra,
Chile Mine 800 0.55 3,980 0.44
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Candente Canariaco,
Peru Explor- 76.5
ation (Inferred) 0.61 1,035 Explor-
325 ation
(Additional 0.45-
Potential) 0.65
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For more information such as maps, sections, drill data please refer to: www.candente.com/s/PeruProjects_Canariaco.asp. Sampling and analytical procedures Analytical Procedures is one of financial audit skill which help an auditor understand the client's business and changes in the business, to identify potential risk areas and to plan other audit procedures. conform to Verb 1. conform to - satisfy a condition or restriction; "Does this paper meet the requirements for the degree?" fit, meet coordinate - be co-ordinated; "These activities coordinate well" NI 43-101 standards and are detailed in previous Candente news release dated September September: see month. 7, 2005. All samples were submitted to Actlabs in Lima, Peru. 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 and have reviewed this news release. Candente is a diversified diversified (di·verˑ·s copper and gold exploration company focused on increasing shareholder value through discovery. In addition to the Canariaco Project, Candente has several other gold, copper and silver projects in Peru. 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. 147 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 ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. 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. Candente Resource Corp. (TSX:DNT) |
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