Printer Friendly
The Free Library
19,595,263 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Candente Resource Corp.: Leachable Copper Zone Expanded on Canariaco Norte Copper Project and Update on Alto Dorado Gold-Copper Porphyry Projects, Northern 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. (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 provide the following updates.

Canariaco Norte - 100% held by Candente - LEACHABLE COPPER ZONE EXPANDED

A 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.
 (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 chalcopyrite (kăl'kəpī`rīt, kăl`kōpī'rīt) or copper pyrites (pīrī`tēz, pə–), brass-yellow mineral, sometimes with an iridescent tarnish.  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.
 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 min·er·al·ize  
v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es

v.tr.
1. To convert to a mineral substance; petrify.

2. To transform a metal into a mineral by oxidation.

3.
 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 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.
 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 Induced polarization (IP) is a geophysical imaging technique used to identify subsurface materials, such as ore. The method is similar to electrical resistivity tomography, in that an electric current is induced into the subsurface through two electrodes, and voltage is  (IP) geophysical survey Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms.  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 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.  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, Canariaco, 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.

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. 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 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.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Feb 15, 2005
Words:790
Previous Article:Taseko Mines Announces Date of Year End and First Quarter Financial Reporting.
Next Article:RCA Music Group Wins 9 Grammys at the 47th Annual Grammy Awards Show!



Related Articles
Candente Resource Corp. - Leachable Copper Target Acquired.
Candente Confirms High Copper Recovery and Commences Drilling at Canariaco.
Candente Announces the Start of Phase Two Drilling at Canariaco Norte, Peru.
Candente Mobilizes Drill to Continue Expanding Canariaco Copper Deposit.
Candente Drilling Expands Leachable Copper and Intersects More High Grades at Canariaco.
Near Surface Leachable Copper Zones Continue to Expand at Candente's Canariaco Norte Deposit.
Candente and Gallipoli Commence Drilling on Alto Dorado Gold-Copper Property in Peru.
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