More Expansion of Leachable Copper Zones at Candente's Canariaco Norte Deposit, Peru.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , 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 ) - - Near surface leachable copper zone expanded by 250 m to the east, 250 m to the west and 150 m to the north - Near surface leachable copper zone has surface expression of 87 hectares - a large expansion from the 14 hectare hectare (hĕk`târ, –tär), abbr. ha, unit of area in the metric system, equal to 10,000 sq m, or about 2.47 acres. preliminary resource Candente Resource Corp. ("Candente") is pleased to announce that it has received results for the re-analysis of core from 6 holes which were drilled prior to Candente acquiring the Canariaco property. Original assays for these holes (drilled in 1973 and 1995) were only for total copper and did not determine leachable copper. The new results have expanded the near surface leachable copper zone to the east by 250 metres (m), to the west by 250 m and to the north by 150 m. In addition to the soluble soluble /sol·u·ble/ (sol´u-b'l) susceptible of being dissolved. sol·u·ble adj. Capable of being dissolved, especially easily dissolved. (leachable) copper identified in all 6 of the holes, the new analyses confirm the previous total copper results. The surface expression of all 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. found to date at Canariaco Norte now covers an area of 90 hectares (850 m by 1250 m). Of this, 87 hectares covers a near surface leachable copper zone, which varies in thickness from 15 to 347 m. Joanne Freeze comments that, "both the leachable portion and the overall Canariaco Copper deposit are proving to be many times larger than the preliminary inferred resource of 76.5 million tonnes grading 0.614% Cu and containing 1.035 billion pounds (lbs) of copper and 243,000 ounces of gold, which has a surface area expression of only 14 hectares and an average thickness of 246 m." Hole 73-01 was not reassayed as it was duplicated by 04-001, which intersected 98 m of 1.00% Cu of which 80 m is leachable (65% leachable).
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Hole From (m) To (m) Interval (m) Total Cu% % Leachable
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73-02 92.00 120.00 28.00 0.48 63
within 92.00 128.00 36.00 0.48 56
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73-03 79.50 95.00 16.00 0.66 71
within 79.50 107.00 28.00 0.61 51
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73-04 66.40 105.00 39.00 0.53 61
105.00 300.00 195.00 0.36 8
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95-06 56.00 80.00 24.00 0.58 71
110.80 165.00 54.00 0.38 56
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95-07 45.50 60.00 14.50 0.69 83
45.50 88.50 43.00 0.62 57
45.50 173.00 128.00 0.46 32
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95-08 9.17 320.25 311.00 0.61 37
Included
above 205.40 233.00 27.60 0.54 81
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Although the economics of all deposits differ, the following chart is provided as examples of leachable deposits either in production or nearing production.
Profitable Heap Leaching Copper Operations
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Cu Pro-
Con- duction
tained Cost
Tonnes Grade Cu Estimates
Company Project Status (Million) (%Cu) (M lbs) (US$/lb)
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Falconbridge Lomas Bayas,
Chile Mine 572 0.28 3,530 0.47
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Anglo Mantoverde,
American Chile Mine 310 0.60 4,100 0.58
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Codelco Gaby, Under
Chile Cons. 616 0.42 5,707 Unknown
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Frontera Piedras Cons.
Copper Verdes, Mex for 2007 281 0.37 2,287 0.52
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Phelps
Dodge & El Abra,
Codelco Chile Mine 800 0.55 3,980 0.44
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Note: Corrected Since News Release dated January 5th, 2006.
Under Cons. equals Under Construction
Cons equals Construction
An Engineering Scoping Study is underway to assist in determining the optimum grade and throughput The speed with which a computer processes data. It is a combination of internal processing speed, peripheral speeds (I/O) and the efficiency of the operating system and other system software all working together. 1. options required for an economic copper heap leach leach v. leached, leach·ing, leach·es v.tr. 1. To remove soluble or other constituents from by the action of a percolating liquid. 2. , SX-EW operation at Canariaco. The study is being supervised su·per·vise tr.v. su·per·vised, su·per·vis·ing, su·per·vis·es To have the charge and direction of; superintend. [Middle English *supervisen, from Medieval Latin by Merit Consultants of Vancouver, B.C. who have extensive international experience in such operations and is planned to be completed by the end of February 2006. For more information such as maps, sections, drill data please refer to: www.candente.com/s/PeruProjects_Canariaco.asp. Sampling and analytical procedures Analytical Procedures is one of financial audit skill which help an auditor understand the client's business and changes in the business, to identify potential risk areas and to plan other audit procedures. conform to Verb 1. conform to - satisfy a condition or restriction; "Does this paper meet the requirements for the degree?" fit, meet coordinate - be co-ordinated; "These activities coordinate well" NI 43-101 standards and are detailed in previous Candente news release dated September 7, 2005. All samples were submitted to Actlabs in Lima, Peru. Michael Casselman, P.Geo., GM Exploration and Director, Robert Van Egmond, P.Geo., Senior Geologist and 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. are the Qualified Persons for the project as defined by NI 43-101 and Ms. Freeze has reviewed this news release. Candente is a diversified diversified (di·verˑ·s copper and gold exploration company focused on increasing shareholder value through discovery. In addition to the Canariaco Project, Candente has several other gold, copper and silver projects in Peru. 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 Candente Resource Corp. Release No. 152 This News Release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. including but not limited to comments regarding the timing and content of upcoming work programs, geological ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. 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. Candente Resource Corp. (TSX:DNT) |
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