Candente Copper Corp.

Published : June 22nd, 2010

Gold Begins Underground Drilling

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
..

Vancouver, British Columbia, June 22nd, 2010. Candente Gold Corp.
(TSX:CDG) ("Candente Gold") is pleased to announce that the San Juan
tunnel rehabilitation is complete and drilling has commenced from
within the underground workings of the San Rafael vein on the El Oro
Gold Project, Mexico.  A series of holes are currently underway to test
the first targets in a potential remnant resource, and projected depth
extensions to known high-grade gold-silver zones.

Recent review and modelling of extensive historical production records,
underground samples, and drill intersections indicate that the first
100m below the San Rafael mine workings, including these projected
extensions to known high-grade zones, have the potential for 3-4
million tonnes averaging 10-12 g/t gold and 120-160 g/t silver, which
would contain well in excess of one million ounces of gold.*

The San Rafael vein produced over 4 million ounces of gold and 44
million ounces of silver from 11.9 million tonnes of ore mined between
1896 and 1927, over an average of only 200 metres vertically.  Mine
grades averaged 10 to 12 g/t gold and 120 to 160 g/t silver and reached
bonanza grades as high as 50 g/t gold and 600 g/t silver in the lowest
mine levels.

Candente Gold believes that the San Rafael vein system is analogous to
other epithermal vein systems mined in Mexico such as the Fresnillo,
Guanajuato, and Pinos Altos mines where gold and silver occurs over 600
to 1200 metres vertically.

Figure 1 - Exploration Potential of the San Rafael Vein (175kb pdf):
http://www.candentegold.com/i/pdf/Exploration_Potential_of_the_San_Raf
ael_Vein.pdf

In addition to the San Rafael vein, Candente Gold has the rights to 20
veins with past production and more than 50 veins in total discovered
to date within the El Oro gold district.  Modern understanding of
epithermal vein systems strongly indicates that many of these veins
hold significant discovery potential.

Initial drilling will be carried out from drill stations located in the
footwall only 10 metres from the San Rafael vein.  Once this initial
drilling is complete, further underground work will take place to
develop drill stations in the hanging wall of the vein.  The 500 metres
of rehabilitation work from the portal of the San Juan tunnel to the
first drill station in the San Rafael vein footwall was minimal as
underground conditions have proven to be excellent.

A total of 9,000 metres are budgeted for underground drilling in 2010,
with results from this initial drilling expected early in Q3 2010.

* The potential quantity and grade are conceptual in nature, as there
has been insufficient exploration to define a mineral resource, and it
is unknown if further exploration will result in the target being
delineated as a mineral resource. Ref. NI-43-101 Section 2.3 (2).

Surface Exploration Continues

Drilling continues from surface on the Andrea vein.  Two holes have now
been completed, testing the vein to depths of 200 metres and 350
metres.  Several zones of alteration and mineralization have been
intersected that are typical of high levels of low sulphidation
epithermal vein systems.  The third hole, now underway, is targeted to
intersect the Andrea vein where it crosscuts the deeper sedimentary
package of host rocks at an anticipated depth of 400m vertically below
surface.

The veins of the El Oro gold district typically carry their highest
gold and silver grades when they are hosted in these sedimentary
packages.  A total of 6,000 metres are budgeted for surface drilling in
2010.

Michael Minnes Appointed Country Manager, Mexico

Candente Gold is also pleased to announce the appointment of Mr.
Michael Minnes as Country Manager for Mexico.  Mr. Minnes holds an MBA
from the Richard Ivey School of Business and brings over 15 years of
Latin American management experience to Candente Gold.

Mr. Minnes supervised the development and execution of communications
and corporate social responsibility portfolios, marketing strategies,
and government affairs for Sherritt International, a diversified
natural resource company, during a period of significant expansion
which saw their capital assets grow 130% to US$6.4 billion.  Prior to
working with Sherritt, Mr. Minnes held the position of Manager of
Corporate Communications with Barrick Gold Corporation.

About Candente Gold

Candente Gold's flagship asset is El Oro, a district scale gold project
encompassing one of the largest and most prolific high grade gold
dominant epithermal vein systems in Mexico.  The El Oro district
includes over 50 known veins, but the bulk of the historic district
production of 6.4 million ounces of gold and 74 million ounces of
silver were produced from an average of only 200 metres vertically in
just two of these veins.

Candente Gold also holds an extensive portfolio of 100% owned, early to
mid stage, high and low sulphidation epithermal gold projects in Peru.
Many of these projects have significant exploration completed and
targets ready to be drill tested.

Candente Gold will begin a thorough, modern, systematic program of
exploration of the known and potential additional veins in the El Oro
gold project, and their Peruvian gold and silver projects in 2010.
_____

Joanne C. Freeze, P.Geo., President and CEO and Mark M. Pryor,
Pr.Sci.Nat., are the Qualified Persons as defined by National
Instrument 43-101 for the projects discussed above and they have
reviewed and approved the contents of this release.

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 Gold Corp.
"Joanne Freeze" P.Geo.
President & CEO


_____________________________________

 For further information please contact:
 
John Foulkes
VP Corporate Development
mobile: +1 (604) 614-2999
local: + 1 (604) 689-1957 ext 2
toll free: 1 (877) 689-1964 ext 2
info@candentegold.com

or:

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@candentegold.com


www.candente.com

NR 006

Our intent is to educate, not irritate - if you do not wish to receive email updates on Candente Gold, please click on the link below and you will be deleted from our system immediately and permanently http://www.candentegold.com/s/Unsubscribe.asp?.com
.
Data and Statistics for these countries : Mexico | Peru | All
Gold and Silver Prices for these countries : Mexico | 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, € 15.0 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 -  0.165 -10.34%
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$ 7.73-1.90%Trend Power :
Oceana Gold(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$ 11.14-1.07%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 0.56-3.12%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.41-3.21%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$ 15.23-1.17%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24-2.08%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20-2.38%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$ 1.69-2.03%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.00-1.28%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+3.03%Trend Power :