Candente Resource Corp. - Leachable Copper Target Acquired.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--Feb. 19, 2001 Candente Resources 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 .) The Company is pleased to announce that their Peruvian subsidiary was the successful bidder in an auction held in Lima, Peru on Wednesday, February 14, 2001. As a result of the success at the auction, Cia. Minera Oro Candente S.A. has the right to acquire 100% interest in the Canariaco Property in Northern Peru for a total of US$75,000. The exploration target of most interest to the Company is a potentially leachable copper sulphide zone (greater than 0.6%Cu) at Canariaco Norte, where preliminary sequential leach tests by Geomet S.A. of Chile indicate recoveries may be in the 85 to 90% range. The potentially leachable 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 in a high sulfidation sulfide assemblage which is present over 80 to 120 metres in 2 drill holes and 192 metres in a third hole all drilled by Billiton in 1999. This high sulfidation sulfide assemblage occurs in a hypogene hy·po·gene adj. Formed or situated below the earth's surface. Used of rocks. zone overprinting lower grade 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. style disseminated sulphides. The higher grade 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. mineralization begins at depths of between 20 - 40 meters below a leached cap. This and other data available to date indicates potential for a low stripping ratio. Both the vertical and lateral limits of the mineralization have yet to be determined. Billiton held the property under option from Minero Peru in 1999. Previous drilling 500 metres to the north of Billiton's holes, indicate that the potentially leachable sulfide mineralization continues to the north as does the underlying zone of porphyry style disseminated sulphides. Although the sparse pattern of drilling does not allow a resource calculation, Billiton's reports refer to the potential for a leachable resource in excess of 60 million tons of greater than 0.6% copper. The Canariaco property is located 35 km northwest of La Granja, (recently acquired by Billiton from Minero Peru and Cambior). Canariaco is accessible by road and is located 100 kilometres by air from the coastal city of Chiclayo. The Company has entered into discussions with and is actively soliciting potential partners to advance the project. Candente Resource Corp. www.candente.com is actively exploring and holds interests in epithermal gold, disseminated copper-gold and VMS (1) (Virtual Memory System) A multiuser, multitasking, virtual memory operating system for the VAX series from Digital. VMS applications run on any VAX from the MicroVAX to the largest unit. See OpenVMS. prospects in Peru. ON BEHALF OF THE BOARDS 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. |
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