Candente Resource Corp. - Exploration Progresses at El Tigre.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--Dec. 12, 2000 Dr. Peter Lewis, P. Geo., the Candente Resource Corp. (CDNX CDNX See Canadian Venture Exchange (CDNX). :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 .) independent consultant, has confirmed that gold 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. occurs on the El Tigre property in tabular layered veins, semi-sheeted veinlets, and irregular vein stockworks. To date the veins have been found both cutting volcaniclastic rocks and as clasts in locally derived breccias. Vein material can comprise up to 15% of the breccias. During November, Dr. Lewis visited the El Tigre property and collected 44 samples of veins, vein stockworks and silicified si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. wallrocks over an area two kilometres by one kilometre. Of the 44 samples collected, 18 contain in excess of 500 ppb (0.5 gpt) gold, 12 assayed over 1.0 gpt and 5 samples carry between 3.5 and 9.5 gpt. The widest vein encountered is a minimum of 2.5 metres wide and carries 3.5 grams per tonne (gpt) gold. The widest stockwork zone reaches a width of 8 metres, contains 20 to 30% vein material and averages 1. 66 gpt gold. The highest grade obtained, 9.54 gpt, was from selected quartz material in a breccia fragment containing both vein stockwork and well layered quartz veins 0.25 metres wide. A crustiform-banded, fine grained quartz vein 0.40 metres wide carried 3.7 gpt gold. Candente personnel and Dr. Wolfgang Morche are completing field mapping which, in conjunction with Dr. Lewis' work, should allow the Company to re-interpret the geology on the property and define new targets for drilling. This work may be followed by a geophysical survey since the area of known mineralization is obscured to the east by recent sands and a resistivity survey should be able to delineate siliceous siliceous relating to or made of silica or a silicate. zone beneath the sands. Stock Options Exercised The Company is also pleased to announce that three directors, Joanne Freeze, President, Fredy Huanqui, Director and Peter de Visser, C.F.O. have advised the company that they will exercise options to purchase a total of 322,000 shares in the Company at $0.45. Candente Resource Corp. also holds other interests in Peru where the Company's founders have extensive exploration experience and have been involved in some major discoveries. ON BEHALF OF THE BOARD OF DIRECTORS 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. The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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