Printer Friendly
The Free Library
19,122,083 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Candente Expands Copper Zone and Confirms Gold and Silver at Canariaco.


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. (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
) is pleased to report that analytical results have been received for an additional five holes of a twelve hole core drilling program on its 100% owned Canariaco copper project in Northern Peru. All twelve holes have now been completed and total 2647.5 metres. The holes were drilled as part of a systematic pattern on a grid with 100 metre centres to test the continuity of the 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.
 and provide sufficient information for the Company to prepare a preliminary resource estimate. One hole has also been assayed for precious metals Precious Metals

Valuable metals such as gold, iridium, palladium, platinum, and silver.

Notes:
Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal.
 and has been found to contain levels of gold and silver that are of economic interest.

Surface work and previous drilling indicates a mineralizing system with a lateral extent of at least 1 by 1.2 kilometres (km). Results from the nine holes received to date have delineated significant copper mineralization over an area 300 by 200 metres laterally and up to 300 metres vertically. Eight of the nine holes ended in mineralization of similar or better grade to that encountered throughout the rest of the hole. One hole encountered a post mineral breccia breccia: see conglomerate.
breccia

Coarse sedimentary rock consisting of angular or nearly angular fragments larger than 0.08 in. (2 mm). Breccia commonly results from processes such as landslides or geologic faulting, in which rocks are fractured.
 below 40 metres of high-grade mineralization. The copper mineralizing system is open on all sides and at depth in the area of current drilling. Mineralization and grades encountered in all drill holes reported to date are consistent with those seen in large porphyry Porphyry, Greek scholar
Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus.
 copper systems. Initial microscopic analysis of drill core indicates the main copper minerals to be chalcocite chalcocite

Sulfide mineral, Cu2S, that may be an important ore of copper. It belongs to a group of sulfide minerals formed at relatively low temperatures. Chalcocite alters to native copper and other copper minerals.
, chalcopyrite, covellite co·vel·lite  
n.
A lustrous indigo-blue mineral, CuS, an important ore of copper.



[After Nicolò Covelli (1790-1829), Italian mineralogist.]
 and bornite bornite

Common copper-ore mineral, copper and iron sulfide (Cu5FeS4). Typical occurrences are found in Mount Lyell, Tasmania; Chile; Peru; and Butte, Mont. Bornite may form isometric crystals but occurs most commonly as irregular masses.
.

Grades for the additional five holes are summarized below in Table 1 and the gold, silver and copper grades for hole DDH-04-001 are summarized in Table 2. Assays have not yet been received for holes DDH-04-007, 011 and 012 and will be reported once received and compiled. A map showing drill hole locations and a table summarizing all results to date are posted on the Company's website at: www.candente.com/s/PeruProjects_Canariaco.asp.
Table 1:

Hole   From      To    Interval  Copper (total)  Elevation
No.      (m)     (m)  (m)  (feet)           (%)         (m)

04-003    0      40   40     131     Leach Cap    TOH 2921
         40   203(i) 163     534          0.65
         40      80   40     131          0.89
         80   203(i) 123     402          0.57    EOH 2718

04-004    0       8    8      26     Leach Cap    TOH 2863
          8   166(i) 158     518          0.64
          8      44   36     118          0.47
         44   166(i) 122     400          0.68    EOH 2697

04-008    0      46   46     151     Leach Cap    TOH 2915
         46   260(i) 214     702          0.64
         46     202  156     512          0.73
        202   260(i)  58     190          0.42    EOH 2755

04-009    0      52   52     171     Leach Cap    TOH 2880
         52      92   40     131          0.88
         92   222(i) 130     427       0.22(ii)   EOH 2658

04-010    0      18   18      56     Leach Cap    TOH 2820
         18   152(i) 134     441          0.64
         18      56   38     125          0.74
         56     102   46     151          0.49
        102   152(i)  50     165          0.70    EOH 2668

(i) End of Hole - bottomed in mineralization
(ii) Late mineral breccia
TOH equals Top of Hole
EOH equals End of Hole

Table 2: Gold and Silver with Copper in DDH-04-001

From     To      Interval    Gold   Silver    Copper
(m)      (m)    (m)  (feet)  (gpt)    (gpt)       (%)

66      300    234     768   0.12     2.00      0.71
66      162     96     315   0.13     2.75      1.02
162     300    138     453   0.10     1.47      0.50



All core from drilling was cut in half with a diamond saw and sampled at two metre intervals on the property. One half of the split core was collected by Candente's Peruvian geologists in accordance with industry standards and submitted to Actlabs in Lima, Peru. Total copper analyses and a sequential leach procedure for acid soluble copper, cyanide soluble copper and residual sulphides is being carried out by Actlabs laboratory in Lima, Peru. Pulps from the same samples are being sent to Actlabs laboratory in Ancaster, Ontario, Canada and analysed for an additional 36 elements (including silver) using Inductively Coupled Plasma An inductively coupled plasma (ICP) is a type of plasma source in which the energy is supplied by electrical currents which are produced by electromagnetic induction, that is, by time-varying magnetic fields.  (ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. ). Gold analyses on DDH-04-001 were carried out by Actlabs, Lima using Fire Assay Fusion and Atomic Absorption method on a 50g split. Quality Assurance and Quality Control, including the use of sample standards, blanks and duplicates as well as chain of custody The movement and location of physical evidence from the time it is obtained until the time it is presented in court.

Judges in bench trials and jurors in jury trials are obligated to decide cases on the evidence that is presented to them in court.
 is monitored by Candente. Mike Casselman, M.Sc., P.Geo., General Manager Exploration and Director of Candente and James Currie, P.Eng., Director of Candente are the qualified persons as defined by NI 43-101 for the Canariaco project and have verified the information contained in this release.

Candente is a well-funded mineral exploration company focused on the acquisition and exploration of gold and copper projects with world-class potential. Management has a strong geological/technical focus and a track record of discovering world-class mineral 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 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.

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 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 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Nov 22, 2004
Words:922
Previous Article:KKR Announces Its Intention to Sell Common Stock of Owens-Illinois, Inc.
Next Article:Smith & Wesson Appoints Michael F. Golden as President, Chief Executive Officer, and Board Member.



Related Articles
Candente Confirms High Copper Recovery and Commences Drilling at Canariaco.
Candente Resource Corp.: Leachable Copper Zone Expanded on Canariaco Norte Copper Project and Update on Alto Dorado Gold-Copper Porphyry Projects,...
Candente Resource Corp.: Preliminary Resource Estimate at Canariaco Norte.
Candente Announces the Start of Phase Two Drilling at Canariaco Norte, Peru.
Goldcorp and Candente Depart from Newfoundland.
Candente Mobilizes Drill to Continue Expanding Canariaco Copper Deposit.
Near Surface Leachable Copper Zones Continue to Expand at Candente's Canariaco Norte Deposit.
More Expansion of Leachable Copper Zones at Candente's Canariaco Norte Deposit, Peru.
Candente Resource Corp.: Copper Resource Boosted at Canariaco Norte, Peru.
Great Western Minerals Group releases Copper Hill Project exploration results.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles