Candente Mobilizes Drill to Continue Expanding Canariaco Copper Deposit.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 ) - - 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) Candente Resource Corp. is pleased to report that 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 is about to recommence Re`com`mence´ v. i. 1. To commence or begin again. 2. To begin anew to be; to act again as. He seems desirous enough of recommencing courtier. - Johnson. v. t. 1. To commence again or anew. at Canariaco Norte, Northern Peru. Candente has drilled 25 holes to date on the property and all holes have intersected significant 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. . In addition approximately 44% of the deposit delineated de·lin·e·ate tr.v. de·lin·e·at·ed, de·lin·e·at·ing, de·lin·e·ates 1. To draw or trace the outline of; sketch out. 2. To represent pictorially; depict. 3. to date is leachable. 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 (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. 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: www.candente.com/s/PeruProjects_Canariaco.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 Canariaco 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. ON BEHALF OF THE BOARD OF DIRECTORS 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 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) |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion