Candente Copper Corp.

Published : March 25th, 2010

Resumes Feasibility Studies & Exploration

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Candente Copper Resumes Feasibility Studies & Exploration

Vancouver, British Columbia, March 25, 2010. Candente Copper Corp.
(DNT-TSX) ("Candente Copper") is pleased to announce that feasibility
studies have resumed on their Ca�ariaco Norte copper project, and
preparation for exploration of their Ca�ariaco Sur, Quebrada Verde and
other Peruvian copper projects has begun.

Ca�ariaco Norte Copper project

Candente Copper has now resumed feasibility studies on the Ca�ariaco
Norte copper project.  A Pre-Feasibility Study is slated for completion
in Q4 2010, with a final Feasibility Study expected approximately 6
months thereafter.

"We are extremely pleased to resume the development program for the
Ca�ariaco Norte copper project.  It is a compelling, large scale copper
project in a country with a well established mining industry that we
believe will be one of the next generation of Peruvian copper mines,"
said Sean Waller, P.Eng., President of Candente Copper.  "Completion of
the Pre-Feasibility and Feasibility Studies will be major milestones in
this development of Ca�ariaco Norte."

The selection process for an internationally recognized engineering
firm to complete the Pre-Feasibility Study on Ca�ariaco Norte is
underway, with contract award anticipated by mid-April 2010.

A geotechnical drilling program in the Ca�ariaco Norte pit area will
start in late April following the end of the rainy season.  This
program will provide the geotechnical data required to complete the
pre-feasibility level design of the Ca�ariaco Norte pit.  It is
anticipated that the additional data will permit optimization of the
pit wall slopes with the potential to improve the open pit mine plan
grade, particularly during the early years of production.

The feasibility level metallurgical test work will resume shortly at
SGS Lakefield Research in Santiago, Chile.  This test work will
determine the projected metal recoveries and other metallurgical
parameters required to finalize the Ca�ariaco Norte process flow sheet.
 When SRK completed the Preliminary Economic Assessment in 2008 the
feasibility level metallurgical test work was already more than 50%
complete.

As part of the metallurgical assessment program, Candente Copper
recently contracted CESL Limited, a subsidiary of Teck Resources
Limited, to assess the applicability of their hydrometallurgical
technology to treat the Ca�ariaco Norte copper concentrate and produce
LME grade A copper cathode on-site. This technology has the potential
to significantly improve the Ca�ariaco Norte copper project.

The Ca�ariaco Norte Pre-Feasibility Study will also evaluate the
potential impact of a proposed new deep water port at Eten, Peru, 130
kms from Ca�ariaco Norte.  Use of this proposed port has the potential
to reduce transportation costs substantially (~C$170 million) over the
life of the Ca�ariaco Norte mine when compared to the SRK 2008
Preliminary Economic Assessment report, which modelled trucking copper
concentrate 420 kms to the operating port of Salaverry, Peru.

In addition, AMEC (Peru) S.A. has now resumed the Environmental &
Social Impact Assessment (ESIA) on the Ca�ariaco Norte copper project
area.

Ca�ariaco Sur & Quebrada Verde Copper Projects

Evaluation drilling on the Ca�ariaco Sur copper porphyry, 1.5 kms SW of
the centre of the Ca�ariaco Norte copper deposit, is also planned to
commence in May 2010.  Exploration to define drill targets on the
Quebrada Verde zone 1.5 kms further to the southwest is also planned
for 2010.

Two discovery holes drilled into the Ca�ariaco Sur target in 2008
intersected extensive sections of copper mineralization, including 83
metres grading 0.55% copper equivalent within a larger 176 metre
intersection grading 0.48% copper equivalent.  These holes, when
combined with highly anomalous soil geochemistry and geophysics
indicate that Ca�ariaco Norte, Ca�ariaco Sur and Quebrada Verde
together comprise an extensive copper-gold porphyry complex covering a
minimum length of five kilometres and an average width of two
kilometres.

"The discovery of a second porphyry copper deposit and the excellent
potential for the discovery of a third in such close proximity to the
Ca�ariaco Norte copper deposit could significantly add to the scope and
economics of the Ca�ariaco project development through shared
infrastructure and facilities." states Mr. Waller.  "A significant
amount of our exploration effort will be focussed on the evaluation of
these targets."

Other Copper Exploration Targets

Candente Copper holds a number of earlier stage copper and base metal
properties in Peru.  Evaluation, prioritization and drill target
selection on these properties has also begun and exploration drilling
is planned for select targets in 2010.

About Candente Copper

Candente Copper's flagship project is the 100% owned, 7.7 billion pound
feasibility stage Ca�ariaco Norte copper project located in northern
Peru's prolific mining district.  The Ca�ariaco Norte deposit contains
102 million tonnes in a high grade, near-surface resource shell at
0.61% copper equivalent, 622 million tonnes of Measured and Indicated
resource grading 0.52% copper equivalent, and 128 million tonnes of
Inferred Resource at 0.47% copper equivalent*.

A positive Preliminary Economic Assessment was completed on the
Ca�ariaco Norte copper project in late 2008, which shows robust
economics at both current and consensus long term copper prices.  Since
this report was published, a number of factors have been identified
which have the potential to significantly improve the project's
economics.

_____

Sean Waller, P.Eng., President and Joanne C. Freeze, P.Geo., CEO, are
the Qualified Persons as defined by National Instrument 43-101 for the
projects discussed above. They have reviewed and approved the contents
of this release.  All resources quoted in this release are based on a
0.30% copper cut-off grade and 72,189 metres drilled in 249 holes since
2004.  *All copper equivalent grades quoted in this release are based
on US$1.90 per pound copper, US$600 per troy ounce gold, US$10 per troy
ounce silver, and 100% metal recoveries.

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. Candente relies upon
litigation protection for forward-looking statements.

CAUTIONARY NOTE TO U.S. INVESTORS

We advise U.S. investors that this news release uses terms that are not
recognized by the United States Securities and Exchange Commission
("SEC"), including "mineral resources", "measured resources",
"indicated resources" and "inferred resources". The estimation of
measured and indicated resources involves greater uncertainty as to
their existence and economic feasibility than the estimation of proven
and probable reserves. U.S. investors are cautioned not to assume that
mineral resources in these categories will be converted to reserves.
The estimation of inferred resources involves far greater uncertainty
as to their existence and economic viability than the estimation of
other categories of resources. U.S. investors are cautioned not to
assume that estimates of inferred mineral resources exist, are
economically mineable, or will be upgraded into measured or indicated
mineral resources. U.S. investors are cautioned not to assume that
mineral resources in any of these categories will be converted into
reserves.


On behalf of the Board of Candente Copper Corp.
"Sean Waller" P.Eng.
President & Director



______________________________________


For further information please contact:

Walter Spagnuolo
Manager, Investor Relations
mobile: +1 (604) 306-8477
local: + 1 (604) 689-1957 ext 3
toll free: 1 (877) 689-1964 ext 3
info@candentecopper.com

www.candente.com

NR 005

Our intent is to educate, not irritate - if you do not wish to receive email updates on Candente Copper, please click on the link below and you will be deleted from our system immediately and permanently http://www.candentecopper.com/s/Unsubscribe.asp?.com
.
Data and Statistics for these countries : Chile | Peru | All
Gold and Silver Prices for these countries : Chile | Peru | All

Candente Copper Corp.

DEVELOPMENT STAGE
CODE : DNT.TO
ISIN : CA13739Y3041
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Candente Copper is a copper development stage company based in Canada.

Candente Copper develops copper, gold and silver in Peru, and holds various exploration projects in Peru.

Its main asset in development is CAÑARIACO in Peru and its main exploration properties are EL TIGRE, PAMEL, LAS SORPRESAS, LUNAHUANÁ, ALTO DORADO and PICOTA in Peru.

Candente Copper is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 21.4 millions as of today (US$ 17.1 millions, € 15.9 millions).

Its stock quote reached its highest recent level on January 21, 2011 at CA$ 2.63, and its lowest recent point on April 03, 2020 at CA$ 0.02.

Candente Copper has 164 920 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Candente Copper Corp.
2007 Annual report
2006 Annual report
Financings of Candente Copper Corp.
4/7/2015Raises $750,000 in Non-Brokered Private Placement
3/23/2015Raises $500,000 in First Tranche of Non-Brokered Private Pla...
3/19/2015Names Acting CFO and Oversubscription of Financing
3/2/2015Non-Brokered Financing Announcement
2/17/2011Announces Closing of $26.9 Million Bought Deal and $3.2 Mill...
3/4/2010Increases Size of Private Placement
2/17/2010Terms and Commitments of Private Placement
2/12/2010Private Placement
7/8/2009Terms of Private Placement of Candente Gold Corp
6/26/2008Private Placements Oversubscribed and Closed
6/16/2008 Private Placements Fully Committed
6/13/2008Private Placements Amended
6/9/2008 Announces Private Placements
6/8/2007Private Placement Closed and Amerigo Acquires Position in Ca...
5/30/2007Private Placement Increased
5/15/2007Announces Private Placement
Nominations of Candente Copper Corp.
8/16/2012Appoints CFO
1/25/2011Appoints John Black to Board of Directors
7/19/2010Appoints Michael Thicke as VP Exploration
12/5/2008 Appointment of CFO
8/7/2008Announces Management Appointments
Financials of Candente Copper Corp.
11/13/2009Financial Results for Quarter Ended Setember 30, 2009 & Cana...
8/12/2009Financial Results For Quarter Ended
5/15/2009Financial Results forthe quarter ended march 31, 2009
Project news of Candente Copper Corp.
2/19/2013(Cañariaco)Intersects 113.5 metres of 0.42% Copper Equivalent(i) (CuEq)...
4/6/2011(Cañariaco)Commences Feasibility Study on the Canariaco Norte Copper Pr...
3/22/2011(Cañariaco)Plans Exploration Drilling for 2011-Drill Programs Planned f...
3/7/2011Files NI 43-101 Technical Report and Updates Key Financial R...
7/22/2010(Cañariaco)Provides an Update on the Norte Pre-Feasibility Study
6/28/2010Awards AMEC the Canariaco Norte Pre-Feasibility Study Contra...
6/22/2010(El Oro)Gold Begins Underground Drilling
3/25/2010(Cañariaco)Resumes Feasibility Studies & Exploration
6/26/2009(El Oro Mexico)Candente Gold Provides More Detail on Historic Resources on ...
2/27/2009(El Oro Mexico)Corporate Update
12/12/2008(Cañariaco)Preliminary Economic Assessment on Ca=F1ariaco Norte Copper ...
10/2/2008(Cañariaco)Discovers a Second Copper-Gold Porphyry on the Canariaco pro...
9/18/2008(Cañariaco)Gold and Silver Added to Canariaco Norte Mineral Resource Es...
5/29/2008(Cañariaco)Updates Canariaco Norte Mineral Resource Estimate
1/15/2008(Cañariaco) Initial Flotation Results for the Canariaco Norte Copper De...
10/25/2007(Cañariaco)Third Drill Mobilized to Test Southern Extension to Canariac...
10/4/2007(El Oro Mexico) and Canaco Resources Inc.: Drilling Intersects Vertical Ext...
8/29/2007(Cañariaco)Intersects 702 Metres of 0.59% Cu at Canariaco Norte, Peru
7/25/2007(Cañariaco)Copper Mineralization Extended to Depth of 767 Metres at Can...
7/11/2007High Grade Silver in Veins and Gold in Vuggy Silica Found
4/20/2007(Cañariaco)Upgraded Starter Pit Shows Robust Economics at Canariaco No...
Corporate news of Candente Copper Corp.
7/11/2016Candente Copper Announces Non-Brokered Financing
3/22/2016Zahena continues Option of Arikepay and makes USD$200,000 Pa...
9/24/2015Candente Copper Completes the Net Smelter Royalty Agreement ...
9/24/2015Candente Copper Completes the Net Smelter Royalty Agreement ...
9/16/2015Candente Gold Provides Voting Results for Annual General Mee...
9/1/2015Candente Copper announces the execution of Definitive Royalt...
9/1/2015Candente Copper Announces the Execution of Definitive Royalt...
7/20/2015Candente Copper enters Royalty Agreement on Cañariaco Projec...
7/20/2015Candente Copper Enters Royalty Agreement on Canariaco Projec...
7/3/2015Candente Copper Provides Voting Results for the Election of ...
4/14/2015Zahena to Commence Drilling at Arikepay
4/7/2015Candente Copper Raises $750,000 in Non-Brokered Private Plac...
3/23/2015Non-Brokered Financing Announcement
3/23/2015Candente Copper's Names Acting CFO and Oversubscription of F...
3/23/2015Candente Copper Raises $500,000 in First Tranche of Non-Brok...
3/19/2015Candente Copper's Names Acting CFO and Oversubscription of F...
3/2/2015Candente Copper Corp.: Non-Brokered Financing Announcement
1/20/2015Candente Copper Appoints Paul H. Barry as Independent Direct...
1/8/2015Candente Copper Provides Update
9/25/2014Candente Copper Appoints Endeavour as Financial Advisor
6/6/2014Candente Copper Provides Voting Results for the Election of ...
5/23/2014Candente Copper Completes Private Placement
5/14/2014Candente Copper Announces Increase to Private Placement
5/1/2014Candente Copper Announces Non-Brokered Private Placement
9/10/2013Cobriza Metals Corp. Receives Final Court Order For Arrangem...
9/3/2013Shareholders of Cobriza Metals Corp. Approve Plan of Arrange...
8/16/2013Reviews Results for 2013 Drilling Program at Canariaco Sur
7/16/2013to Acquire Cobriza Metals Corp.
5/17/2013Canariaco Norte Project Update
5/9/2013(Cañariaco)Drills 308m at 0.32% Copper Equivalent(i) at Cañariaco Sur
4/11/2013Drills 225m at 0.42% Copper Equivalent (CuEq)(i) at Canariac...
1/23/2013s Drilling at Canariaco
1/3/2013Commences Drilling at Canariaco
10/1/2012Provides Comment on Recent Community Activities in Peru
7/9/2012Community Announces Positive Vote for Canariaco Surface Acce...
6/22/2012Community Sets Date for Assembly to Vote on Surface Access P...
6/8/2012Provides Comment on Recent Market Activity
5/31/2012Receives Drilling Permit for Canariaco Property
5/9/2012s Status of the Canariaco Project
4/30/2012s Community Agreement Status
11/24/2011Canariaco Norte Copper Project Update
10/13/2011Shareholder Rights Plan Becomes Effective
10/6/2011and Cobriza Metals Announce Completion of Plan of Arrangemen...
9/22/2011Announces Conditional Approval for TSX Listing of Cobriza Me...
8/24/2011Announces Shareholder Approval for Spin-Out of Cobriza Metal...
6/29/2011Status Update Canariaco Norte Copper Project
6/6/2011Michael Thicke Appointed President of Cobriza Metals Corp.
5/17/2011to Form a New Copper and Base Metals Exploration Company
3/9/2010Completes $6.2 Million Financing
12/31/2009Closing Financing of $9 Million and Listing of Candente Gold...
12/17/2009Closing First Tranche of $6.8 Million and Listing of Candent...
9/10/2009Resource Corp. and Candente Gold Corp.-Update
7/30/2009Candente Gold Corp.-Toronto Stock Exchange Conditional Listi...
6/16/2009 Engagement of BMO Capital Markets for Financing and Schedul...
11/17/2008Results and Summary for the Nine Months Ended September 30, ...
8/15/2008Results and Summary for the Six Months Ended June 30, 2008
4/3/2008Results For The Fiscal Year Ended December 31, 2007
3/13/2008Corporate and Canariaco Project Update
3/12/2008Termination of U.S. Registration of Common Shares
1/22/2008Community of Canaris Votes in Favour of Canariaco and Canden...
1/16/2008Steven Dean Appointed Director and Chairman of Candente
12/13/2007 Announces the Retirement of Ing. Fredy J. Huanqui G.
8/29/2007Santa Luisa Returns Candente's El As de Zinc Property in Cen...
8/23/2007Has No Direct Exposure to Asset-Backed Commercial Paper
8/16/2007Personnel and Projects Are Safe and All Activities Operate a...
8/16/2007Results for the Period Ending June 30, 2007
5/11/2007Reverts to 100% Ownership at Pamel Property in Peru
4/2/2007Gets Attention in Chile
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (DNT.TO)
0.130+0.00%
TORONTO
CA$ 0.130
05/18 16:55 -
0%
Prev close Open
0.130 0.130
Low High
0.130 0.130
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.130 -%
Volume 1 month var.
27,460 -%
24hGold TrendPower© : 9
Produces
Develops Copper - Gold - Silver
Explores for Copper - Gold - Iron - Molybdenum - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/23/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
20240.00%
2023-7.14%0.180.13
2022-22.22%0.260.12
202116.13%0.270.11
2020416.67%0.190.02
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.44-0.53%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 10.36+0.97%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.63-1.87%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.19+3.30%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 14.70-0.88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.25+2.04%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.16-2.94%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.29-0.43%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 45.56-0.44%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :