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 Target Evaluated.


Business Editors

VANCOUVER, B.C.--(BUSINESS WIRE)--April 2, 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 report that Frank J. Nelson, M.Sc., a member of Candente's Advisory Board (33 years associated with Freeport McMoRan) and Ian McCartney Ian McCartney (born 25 April 1951) is a British Labour politician who is the member of Parliament for Makerfield. He was previously the Minister of State for Trade. Up until 28 June 2007 he attended the Cabinet but did not actively vote in it. , P.Eng., Independent Consultant, strongly recommend that the company complete the acquisition of the Canariaco project in Northern Peru.

The Company won the right to acquire 100% interest in the Canariaco Property in an auction in Lima on February 14th, 2001.

Some of the key features identified by Nelson and McCartney are as follows:
- Potential in the order of magnitude of 100 million tonnes or more of
leachable copper at 0.6 to 1.25% copper with a strip ratio which could be <0.5
/ 1 (waste/ore).

- Copper leach testing commissioned by Geomet S.A. of Chile indicated
recoveries of 85 to 90%.

- Power is currently available within 50 kilometres of the property but planned
installations could decrease this distance considerably. Hydro potential within
the property is also a possibility.

- Exploration recommendations are for infill drilling and additional
metallurgical testing.

- Located 100 km by air from the coastal city of Chiclayo and 10 kilometres
from a major highway with current dirt road access.

- A larger potential for 320 million tonnes at ~0.5% copper includes a
chalcopyrite zone below the enriched chalcocite zone which could also be a
target for eventual low strip ratio production with floatation or sulfide leach
process.

- The deposit lies 25 km northwest of La Granja, (recently acquired by
Billiton) at the north end of the Cajamarca District, a major cluster of
significant porphyry copper (+/- gold) and high sulfidation gold deposits
extending over 165 km which includes La Granja, Tantahuatay and Yanacocha.


Knight Piesold Ltd., Engineering Consultants, have been contracted to review available data and conduct a site visit to locate potential sites for heap leaching Heap leaching is an industrial mining process to extract precious metals and copper compounds from ore. Process
The mined ore is crushed into small chunks and heaped on an impermeable plastic and/or clay lined leach pad where it can be irrigated with a leach solution to
 and to identify any obvious obstacles to developing an SX-EW mine infrastructure on the property.

Candente Resource Corp. www.candente.com is actively exploring and holds interests in epithermal gold, disseminated disseminated /dis·sem·i·nat·ed/ (-sem´i-nat?ed) scattered; distributed over a considerable area.

dis·sem·i·nat·ed
adj.
Spread over a large area of a body, a tissue, or an organ.
 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.

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.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, 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:Apr 2, 2001
Words:386
Previous Article:ARTISTdirect and Ted Field Announce Plans for Field To Be Named CEO of ARTISTdirect and Formation of New Record Label.
Next Article:CenterSpan Submits Testimony to U.S. Senate Judiciary Committee Hearing on ``Online Entertainment and Copyright Law''.



Related Articles
Candente Resource Corp. - Leachable Copper Target Acquired.
Candente Confirms High Copper Recovery and Commences Drilling at Canariaco.
Candente Resource Corp.: Leachable Copper Zone Expanded on Canariaco Norte Copper Project and Update on Alto Dorado Gold-Copper Porphyry Projects,...
Candente Intersects Significant Leachable Copper at Canariaco Norte.
Candente Mobilizes Drill to Continue Expanding Canariaco Copper Deposit.
Candente Resource Corp.: Drill Holes 05-028 and 05-029 Continue to Expand the Canariaco Copper Deposit.
Candente Commences Scoping Study for a Heap Leaching Copper Operation at Canariaco.
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.
More Expansion of Leachable Copper Zones at Candente's Canariaco Norte Deposit, Peru.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles