Candente Resource Corp.: New High Resistivity Target in Ana Zone, Alto Dorado, Northern Peru.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--May 20, 2004 Candente Resource Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE: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 report that a new high resistivity resistivity Electrical resistance of a conductor of unit cross-sectional area and unit length. The resistivity of a conductor depends on its composition and its temperature. zone has been identified by geophysics in the Ana Zone of the Alto Dorado Property. The new zone has been traced over 1.8 kilometres (km) in length and 600 metres in width to date. Work is continuing to delineate the full extent to this zone. The Ana high resistivity zone is buried and appears to be associated with outcropping vuggy silica zones which have anomalous levels in gold (0.798 grams per tonne (gpt)), silver (390 gpt) and mercury (21,376 parts per billion (ppb)). This geochemical signature is common in the upper levels of a gold rich system. The Ana resistivity zone has a funnel shape which is the form expected for a mineralizing system with a vertical path for fluids and a horizontally altered body. A contract for 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 has been signed with Kluane Drilling of Vancouver, B.C. Kluane has advised that they plan to mobilize the drill to the property within two weeks. Kluane uses a very portable rig requiring no road building and minimal site disturbance. The Ana Zone is the second largest high sulphidation zone known on the property and lies 3 km west-southwest of the Toril Zone. The Toril Zone covers a minimum area of 3 km by 1.8 km and has drill targets comprising high resistivity zones also identified by TDEM TDEM Time-Domain Electromagnetics underlying gold-bearing vuggy silica breccias. A third gold-silver zone outcrops within the Olla target area and lies 4 km south of the Ana Zone. 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. gold-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. underprints the high level (sulphidation) gold and gold-silver zones. All three zones and several smaller gold and gold-silver targets occur over a 15 km arc of alteration on the property. The high sulphidation gold and gold-silver targets have similarities to the Yanacocha and Pierina gold mines and Barrick's recent gold discovery, Alto Chicama, 36 km to the north-northwest. Average gold grades in these deposits are from 1 to 3 gpt and cut-off grades are 0.35 gpt. Approximately 3,000 m of core drilling are planned for the Alto Dorado property. Drill targets have been delineated, by geological mapping, rock chip sampling, trenching and geophysical surveys comprising 204 line km of magnetics and 90 line km of Time Domain Electromagnetic Soundings (TDEM) surveys. An additional 10 line km of TDEM and 30 line km of 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) surveys are planned to delineate additional drill targets. Similar geophysical surveys have previously been used in Peru to assist in the discovery of ore bodies with mineralization similar to that being found on the Alto Dorado Property. For more technical details please refer to: http://www.candente.com/s/ProjectsPeru.asp?PropertyInfoID=655&View=1 Candente is a well-funded mineral exploration company focused on the acquisition and exploration of world-class gold and copper projects. Management has a strong geological/technical focus and a track record of discovering world-class mineral deposits. Candente has a policy of ensuring that its exploration and development activities are beneficial to the local communities. ON BEHALF OF THE BOARD OF DIRECTORS Joanne C. 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. The company 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. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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