Ausgliederung Candente Gold - ein Investment mit Perspektive? - 500 Beiträge pro Seite
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Letzter Kurs 07.11.19 Lang & Schwarz
Feedback
Hallo zusammen, Candente hat u.a. Ihre Gold und Silberaktivitäten ausgegliedert und diese Aktien sind seit einigen Tagen an der Börse notiert. Der Kurs hat aber schon von rund 1 CAD auf ca. 0,70 CAD nachgegeben, was ich schon öfters bei solchen Papieren gesehen habe (u.a. Cadiscor -aus Strateco ausgegliedert-, die vor einigen Monaten gekauft wurden). Der Kursverfall hat evtl. den Grund, dass viele Kleinaktionäre von Candente die Gold-Shares bekommen haben und das dann eine Miniposition ist und damit oft im Depot keinen Sinn macht. Man verkauft die Aktien, ausser Spesen ist nichts gewesen und am Markt frägt niemand sowas nach und der Kurs geht deshalb runter. Was meint Ihr dazu bzw. wer hat sich hier näher damit beschäftigt?
Hier noch ältere Infos dazu:
October 1, 2009
Candente Gold Secures Upside Potential on El Oro Property
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 1, 2009) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Candente Resource Corp. (TSX
NT)(BVLACNT)(WKN:GW4) ("Candente Resource") and Candente Gold Corp. ("Candente Gold") advise that Candente Gold has re-negotiated the terms of its Option agreement with Luismin, S.A. de C.V., ("Luismin") a subsidiary of Goldcorp Inc. for the El Oro gold-silver property in Mexico. Candente Gold's indirect right to earn a majority interest in the property has been revised to relinquish Luismin's back-in right for the Historic Mining Area, where a minimum of 8 million ounces of gold and 250 million ounces of silver has been produced predominantly from two veins. Luismin retains the right to back-in to a 70% interest in the outlying Exploration Area (See maps at http://www.candente.com/i/misc/Claims-colour-background.jpg and presentation at http://www.candente.com/i/pdf/2009-09-10-GoldPresentation.pd…
In exchange for the back-in right in the Historic Mining Area, Candente Gold has agreed to issue 2,000,000 shares to Luismin over 4 years, give Luismin the right to participate in future financings, and to spend in the Exploration Area a minimum $1.5 million of the total $10 million expenditure required to fully exercise the option. "We are very pleased with this new structure which allows Candente Gold to have the majority of the upside potential on the Historic Mining Area", comments Joanne Freeze P.Geo., President and CEO. We believe that the Historic Mining Area has the potential to host several million ounces of gold and hundreds of millions of ounces of silver. This potential exists in both vertical and lateral extensions to known veins as well as possible undiscovered veins.
Most of the prior exploration and development at El Oro was conducted prior to the mid 1900's before modern exploration techniques were invented and during much lower prices for precious metals. To date 20 veins have been discovered in the Historic Mining Area, many of which have no surface expression due to a cover of younger volcanic rocks. Most of the exploration and development has been conducted on only two of the veins. The gold and silver mineralization extends over significant lengths and widths within the veins and also occurs in irregular high-grade ("bonanza") zones, which pinch and swell both vertically and laterally. The veins have only been mined over an average of 150 to 250 metres vertically and there is strong evidence that the gold and silver mineralization continues at depth. Similar mineral systems, in other mines in Mexico, host gold and silver ore over 600 to 900 metres vertically.
Updated Option Agreement Terms:
The following are the terms of the Modified Option Agreement by which Minera CCM S.A. de C.V., the Mexican subsidiary of Candente Gold, may earn up to a 70% interest in the El Oro property from Desarrollos Mineros San Luis, S.A. de C.V. ("DMSL"), a subsidiary of Luismin.
- Candente Gold may earn a 50% interest by spending US$5M and issuing 1,000,000 shares over 2 years by November 30, 2011 (approximately US$1.7M is already spent)
- Candente Gold may earn an additional 20%, for a total of 70% by spending an additional US$5M and issuing an additional 1,000,000 shares by November 30, 2013
- In the Historic Mining Area: DMSL has the right to: i) stay at 30% by participating in future expenditures or ii) dilute to a 6.5% NPI
- In the Exploration Area: DMSL has the right to: i) stay at 30% by participating in future expenditures; ii) dilute to a 6.5% NPI or iii) earn-back 40% (to hold 70%) by spending 2.5 times the amount Candente Gold spends on exploration and development in the Exploration Area within 4 years (DMSL has 90 days to advise of a back in decision)
- Luismin has the right to participate in all financings of Candente Gold, Candente Resource and Canaco - up to 10% or equal to current shareholdings each of the Companies.
- Candente Resource and Canaco will also issue 125,000 shares each or the equivalent market value in Candente Gold shares to Luismin to fulfill previous commitments by November 30, 2009.
El Oro Exploration - Historic Mining Area
Of the 20 veins discovered to date, the Verde and San Rafael veins, were historically the largest gold and silver producers, but the Borda and Corona Veins to the west were also significant. Grades in Verde and San Rafael veins, averaged 10 to 12 grams per tonne (gpt) gold and 120 to 160 gpt silver over average widths of 3 to 10 metres. Grades of up to 50 gpt gold and 500 gpt silver have also been reported from high grade bonanza shoots occurring sporadically within the veins. The San Rafael vein reaches a width of 70 metres in places.
El Oro is believed to host additional bonanza zones below the old workings as a result of repeated mineralization stages similar to those at the Guanajuato and Fresnillo mines where multiple boiling events created "stacked" high-grade gold and silver mineralization over vertical distances of 600 to 900 metres. This is evidenced by fluid inclusion and petrographic studies, high grade samples from portions of the lowest levels of the old workings and recent drilling which has intersected high grades below the old workings. Assay data from a total of 16,000 historic samples and 7 drill holes compiled and modeled recently by a major mining company highlights five blocks with the potential to host one million gold equivalent ounces at historic grades and widths within just the first 100 metres below the old workings in the San Rafael vein. Extrapolating this potential to depth in a stacked system, as implied above, indicates the potential for the discovery of several million ounces of gold and silver in the San Rafael Vein alone. Testing and defining these areas will be the focus of an immediate underground drilling program.
Placer Dome, which held the El Oro property under option in the early 2000's, extrapolated the information above to the other known veins in the Historic Mining Area such as Verde, Borda, Corona and lesser known veins and considered that potential exists for veins other than San Rafael, to host an additional five million ounces gold as well as significant silver. This potential will be tested by underground and surface drilling and sampling.
In 1993, Luismin, estimated a non-NI-43-101 compliant historic resource of 762,000 oz gold and 9.7 million oz silver, contained in vein remnants, back-fill and pillars lying along only 40% of the known length of the San Rafael vein. This potential resource comprises 6.89 M tonnes grading 3.44 gpt gold & 44 gpt silver and is part of a larger global resource reported by Luismin as 1.7 M oz gold and 38 M oz silver remnant lying along the whole of the old San Rafael workings. This historic resource requires verification and Candente intends to conduct confirmatory drilling and underground sampling, starting with bulk sampling of a higher grade portion that is estimated to contain 100,000 ounces gold and 1,000,000 ounces silver in 738,000 tonnes grading 4.11 gpt gold and 44 gpt silver.
Mark Pryor, Pr.Sci.Nat., Independent Consultant, Sean Waller, P.Eng., Vice President and Joanne C. Freeze, P.Geo., President and CEO, are the Qualified Persons as defined by National Instrument 43-101 for the aspects of the project discussed above and have reviewed and approved the contents of this release.
About Candente Gold
Candente Gold is a new company formed under a Plan of Arrangement. Candente Gold, through its Mexican subsidiary, Minera CCM S.A., acquired the right to earn a 70% interest in the El Oro gold-silver property in Mexico from Candente Resource and Canaco Resource Inc. who held the option. Candente Resource has also agreed to transfer its portfolio of gold and silver properties in Peru to Candente Gold. The Toronto Stock Exchange ("TSX") has granted Candente Gold conditional approval to list its common shares on the TSX subject to the completion of a financing.
Candente Gold is conducting the financing by way of a private placement offering which is comprised of units at a price of $0.40 per unit, each unit consisting of one common share in the capital of Candente Gold ("Share") and one-half of one share purchase warrant ("Warrant"). Each whole Warrant will be non-transferable and exercisable for a period of 24 months to purchase one additional Share at a price of $0.60 per Share.
Agents assisting with the financing will receive a cash commission equal to 6.5% of the gross proceeds from the sale of the units they each make pursuant to the Financing, together with broker's warrants to purchase that number of units that is equal to 6.5% of the aggregate number of units they sell pursuant to the financing. Each broker's warrant is exercisable for a period of 24 months to purchase one additional Share at a price of $0.60 per Share. All Shares issued pursuant to the financing will be subject to a four month hold period.
For complete details of the Plan of Arrangement and the Financing see Candente Resource and Candente Gold's News Releases dated July 30, 2009, July 8, 2009 and June 16, 2009.
About Candente Resource Corp and Candente Gold Corp.
Candente Resource and Candente Gold's Management Teams and Boards of Directors are senior mining industry executives with a track record in the discovery and development of copper, gold and silver deposits. Candente subscribes to principles whereby exploration and development activities are consistent with best practice and beneficial to the local communities.
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.
NR 267
CONTACT INFORMATION:
Candente Resource Corp. | Candente Gold Corp.
Walter Spagnuolo
Investor Relations
(604) 689-1957
Email: communications@candente.com
Website: www.candente.com
or
Candente Gold Corp.
Joanne C. Freeze, P.Geo.
President & CEO
(604) 689-1957
or
Candente Resource Corp.
Sean Waller, P.Eng.
President
(604) 689-1957
Hier noch ältere Infos dazu:
October 1, 2009
Candente Gold Secures Upside Potential on El Oro Property
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 1, 2009) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Candente Resource Corp. (TSX
NT)(BVLACNT)(WKN:GW4) ("Candente Resource") and Candente Gold Corp. ("Candente Gold") advise that Candente Gold has re-negotiated the terms of its Option agreement with Luismin, S.A. de C.V., ("Luismin") a subsidiary of Goldcorp Inc. for the El Oro gold-silver property in Mexico. Candente Gold's indirect right to earn a majority interest in the property has been revised to relinquish Luismin's back-in right for the Historic Mining Area, where a minimum of 8 million ounces of gold and 250 million ounces of silver has been produced predominantly from two veins. Luismin retains the right to back-in to a 70% interest in the outlying Exploration Area (See maps at http://www.candente.com/i/misc/Claims-colour-background.jpg and presentation at http://www.candente.com/i/pdf/2009-09-10-GoldPresentation.pd…In exchange for the back-in right in the Historic Mining Area, Candente Gold has agreed to issue 2,000,000 shares to Luismin over 4 years, give Luismin the right to participate in future financings, and to spend in the Exploration Area a minimum $1.5 million of the total $10 million expenditure required to fully exercise the option. "We are very pleased with this new structure which allows Candente Gold to have the majority of the upside potential on the Historic Mining Area", comments Joanne Freeze P.Geo., President and CEO. We believe that the Historic Mining Area has the potential to host several million ounces of gold and hundreds of millions of ounces of silver. This potential exists in both vertical and lateral extensions to known veins as well as possible undiscovered veins.
Most of the prior exploration and development at El Oro was conducted prior to the mid 1900's before modern exploration techniques were invented and during much lower prices for precious metals. To date 20 veins have been discovered in the Historic Mining Area, many of which have no surface expression due to a cover of younger volcanic rocks. Most of the exploration and development has been conducted on only two of the veins. The gold and silver mineralization extends over significant lengths and widths within the veins and also occurs in irregular high-grade ("bonanza") zones, which pinch and swell both vertically and laterally. The veins have only been mined over an average of 150 to 250 metres vertically and there is strong evidence that the gold and silver mineralization continues at depth. Similar mineral systems, in other mines in Mexico, host gold and silver ore over 600 to 900 metres vertically.
Updated Option Agreement Terms:
The following are the terms of the Modified Option Agreement by which Minera CCM S.A. de C.V., the Mexican subsidiary of Candente Gold, may earn up to a 70% interest in the El Oro property from Desarrollos Mineros San Luis, S.A. de C.V. ("DMSL"), a subsidiary of Luismin.
- Candente Gold may earn a 50% interest by spending US$5M and issuing 1,000,000 shares over 2 years by November 30, 2011 (approximately US$1.7M is already spent)
- Candente Gold may earn an additional 20%, for a total of 70% by spending an additional US$5M and issuing an additional 1,000,000 shares by November 30, 2013
- In the Historic Mining Area: DMSL has the right to: i) stay at 30% by participating in future expenditures or ii) dilute to a 6.5% NPI
- In the Exploration Area: DMSL has the right to: i) stay at 30% by participating in future expenditures; ii) dilute to a 6.5% NPI or iii) earn-back 40% (to hold 70%) by spending 2.5 times the amount Candente Gold spends on exploration and development in the Exploration Area within 4 years (DMSL has 90 days to advise of a back in decision)
- Luismin has the right to participate in all financings of Candente Gold, Candente Resource and Canaco - up to 10% or equal to current shareholdings each of the Companies.
- Candente Resource and Canaco will also issue 125,000 shares each or the equivalent market value in Candente Gold shares to Luismin to fulfill previous commitments by November 30, 2009.
El Oro Exploration - Historic Mining Area
Of the 20 veins discovered to date, the Verde and San Rafael veins, were historically the largest gold and silver producers, but the Borda and Corona Veins to the west were also significant. Grades in Verde and San Rafael veins, averaged 10 to 12 grams per tonne (gpt) gold and 120 to 160 gpt silver over average widths of 3 to 10 metres. Grades of up to 50 gpt gold and 500 gpt silver have also been reported from high grade bonanza shoots occurring sporadically within the veins. The San Rafael vein reaches a width of 70 metres in places.
El Oro is believed to host additional bonanza zones below the old workings as a result of repeated mineralization stages similar to those at the Guanajuato and Fresnillo mines where multiple boiling events created "stacked" high-grade gold and silver mineralization over vertical distances of 600 to 900 metres. This is evidenced by fluid inclusion and petrographic studies, high grade samples from portions of the lowest levels of the old workings and recent drilling which has intersected high grades below the old workings. Assay data from a total of 16,000 historic samples and 7 drill holes compiled and modeled recently by a major mining company highlights five blocks with the potential to host one million gold equivalent ounces at historic grades and widths within just the first 100 metres below the old workings in the San Rafael vein. Extrapolating this potential to depth in a stacked system, as implied above, indicates the potential for the discovery of several million ounces of gold and silver in the San Rafael Vein alone. Testing and defining these areas will be the focus of an immediate underground drilling program.
Placer Dome, which held the El Oro property under option in the early 2000's, extrapolated the information above to the other known veins in the Historic Mining Area such as Verde, Borda, Corona and lesser known veins and considered that potential exists for veins other than San Rafael, to host an additional five million ounces gold as well as significant silver. This potential will be tested by underground and surface drilling and sampling.
In 1993, Luismin, estimated a non-NI-43-101 compliant historic resource of 762,000 oz gold and 9.7 million oz silver, contained in vein remnants, back-fill and pillars lying along only 40% of the known length of the San Rafael vein. This potential resource comprises 6.89 M tonnes grading 3.44 gpt gold & 44 gpt silver and is part of a larger global resource reported by Luismin as 1.7 M oz gold and 38 M oz silver remnant lying along the whole of the old San Rafael workings. This historic resource requires verification and Candente intends to conduct confirmatory drilling and underground sampling, starting with bulk sampling of a higher grade portion that is estimated to contain 100,000 ounces gold and 1,000,000 ounces silver in 738,000 tonnes grading 4.11 gpt gold and 44 gpt silver.
Mark Pryor, Pr.Sci.Nat., Independent Consultant, Sean Waller, P.Eng., Vice President and Joanne C. Freeze, P.Geo., President and CEO, are the Qualified Persons as defined by National Instrument 43-101 for the aspects of the project discussed above and have reviewed and approved the contents of this release.
About Candente Gold
Candente Gold is a new company formed under a Plan of Arrangement. Candente Gold, through its Mexican subsidiary, Minera CCM S.A., acquired the right to earn a 70% interest in the El Oro gold-silver property in Mexico from Candente Resource and Canaco Resource Inc. who held the option. Candente Resource has also agreed to transfer its portfolio of gold and silver properties in Peru to Candente Gold. The Toronto Stock Exchange ("TSX") has granted Candente Gold conditional approval to list its common shares on the TSX subject to the completion of a financing.
Candente Gold is conducting the financing by way of a private placement offering which is comprised of units at a price of $0.40 per unit, each unit consisting of one common share in the capital of Candente Gold ("Share") and one-half of one share purchase warrant ("Warrant"). Each whole Warrant will be non-transferable and exercisable for a period of 24 months to purchase one additional Share at a price of $0.60 per Share.
Agents assisting with the financing will receive a cash commission equal to 6.5% of the gross proceeds from the sale of the units they each make pursuant to the Financing, together with broker's warrants to purchase that number of units that is equal to 6.5% of the aggregate number of units they sell pursuant to the financing. Each broker's warrant is exercisable for a period of 24 months to purchase one additional Share at a price of $0.60 per Share. All Shares issued pursuant to the financing will be subject to a four month hold period.
For complete details of the Plan of Arrangement and the Financing see Candente Resource and Candente Gold's News Releases dated July 30, 2009, July 8, 2009 and June 16, 2009.
About Candente Resource Corp and Candente Gold Corp.
Candente Resource and Candente Gold's Management Teams and Boards of Directors are senior mining industry executives with a track record in the discovery and development of copper, gold and silver deposits. Candente subscribes to principles whereby exploration and development activities are consistent with best practice and beneficial to the local communities.
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.
NR 267
CONTACT INFORMATION:
Candente Resource Corp. | Candente Gold Corp.
Walter Spagnuolo
Investor Relations
(604) 689-1957
Email: communications@candente.com
Website: www.candente.com
or
Candente Gold Corp.
Joanne C. Freeze, P.Geo.
President & CEO
(604) 689-1957
or
Candente Resource Corp.
Sean Waller, P.Eng.
President
(604) 689-1957
Antwort auf Beitrag Nr.: 38.729.946 von Smallcappicker am 13.01.10 19:07:58der kurssturz wurde mit sicherheit durch den verkauf der zugebuchten aktien verursacht.ich denke,das der auch noch ein wenig weiter gehen könnte,da meines wissens noch nicht alle aktionäre ihre shares von cdg eingebucht bekommen haben.
10:00 18Jan10 MKW-Candente Gold Appoints Darin Wagner to Board of Directors <CDG.TO>
Marketwire
Candente Gold Corp.
January 18, 2010 - 03:55:08 AM
Candente Gold Appoints Darin Wagner to Board of Directors
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 18, 2010) - Candente Gold
Corp. (TSX:CDG) ("Candente Gold") is pleased to announce the appointment of
Mr. Darin Wagner, M.Sc., P.Geo., as an Independent Director of Candente Gold.
As President of Sydney Resource Corp., Mr. Wagner directed the merger of
Sydney and Band-Ore Resources Inc. to form West Timmins Mining Inc. in
September 2006. As President, CEO and a Director of West Timmins, Mr. Wagner
carried on to lead exploration with WTM through discovery of the high-grade
Thunder Creek Zone in Timmins, Ontario and the ultimate sale of WTM to Lake
Shore Gold Inc. for $385 million in late 2009. He also currently acts as a
Technical Advisor to Mag Silver Corp. and to Platinum Group Metals Ltd.
Mr. Wagner joins Joanne Freeze, P.Geo., President and CEO, Peter Megaw, CPG,
Ph.D., Independent Director, Larry Kornze, P.Eng., Independent Director and
Andrew Lee Smith, P.Geo., Independent Director on the Candente Gold Board of
Directors.
"Candente Gold's flagship El Oro Property is a district scale project covering
the heart of the largest high-grade gold-dominant vein camp in Mexico. The
strategy of district scale exploration in proven high-grade gold camps is one
I am very familiar with and one that has proven successful. El Oro shares a
number of similarities with the historic Fresnillo, Guanajuato and Pinos Altos
camps in Mexico, all of which have seen significant new discoveries of gold
and silver in the last few years," said Mr. Wagner. "I am very pleased to be
able to join Joanne Freeze and her team at Candente Gold and to again team up
with Dr. Peter Megaw in Mexico. I am also looking forward to working with the
Candente Team on the large portfolio of promising early stage gold projects in
Peru which were acquired under the helm of Ing. Fredy Huanqui and Joanne
Freeze. Huanqui and Freeze formed Candente together following their
involvement with the discovery of Barrick's Pierina gold deposit in Peru. It
is not often that one has the opportunity to work with such an experienced and
successful team of mine finders and I am excited by the path ahead."
Drilling is planned to commence at El Oro in February 2010 and will comprise
both surface drilling for new veins and underground drifting and drilling
targeted on extensions to high-grade ("bonanza") shoots in the San Rafael
Vein. San Rafael mines produced in excess of 4 million ounces of gold and 44
million ounces of silver, at average grades of 11 gpt gold and 115 gpt silver,
historically from the uppermost 150 to 250 metres. Exploration to define drill
targets on some of the Peru properties will also commence in February 2010.
Candente Gold was formed as part of a re-organization (the "Arrangement") by
Candente Resource Corp. and began trading on the Toronto Stock Exchange
("TSX") under the symbol of "CDG" on January 4th, 2010.
Mark Pryor, Pr.Sci.Nat., Independent Consultant, Joanne C. Freeze, P.Geo.,
President and CEO and Sean Waller, P.Eng., Vice President are the Qualified
Persons as defined by National Instrument 43-101 and have reviewed and
approved the contents of this release.
About Candente Gold Corp.
Candente Gold's Management Team and Board of Directors are senior mining
industry executives with a track record in the discovery and development of
mineral deposits. Candente Gold subscribes to principles whereby exploration
and development activities are consistent with best practice and beneficial to
the local communities.
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 which 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Candente Gold Corp. Walter Spagnuolo Investor Relations + 1 (604) 689-1957
Candente Gold Corp. Joanne C. Freeze, P.Geo. President & CEO + 1 (604)
689-1957 communications@candente.com
For Related News, Double Click on one of these codes:[CCN] [CNR] [CA] [NEWR] [PUB] [TBCS] [LEN] [MKW] [CDG.TO]
For Relevant Price Information, Double Click on one of these codes:<CDG.TO>
Monday, 18 January 2010 10:00:01MKW [nCCNaKrJFa] {EN}ENDS
Marketwire
Candente Gold Corp.
January 18, 2010 - 03:55:08 AM
Candente Gold Appoints Darin Wagner to Board of Directors
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 18, 2010) - Candente Gold
Corp. (TSX:CDG) ("Candente Gold") is pleased to announce the appointment of
Mr. Darin Wagner, M.Sc., P.Geo., as an Independent Director of Candente Gold.
As President of Sydney Resource Corp., Mr. Wagner directed the merger of
Sydney and Band-Ore Resources Inc. to form West Timmins Mining Inc. in
September 2006. As President, CEO and a Director of West Timmins, Mr. Wagner
carried on to lead exploration with WTM through discovery of the high-grade
Thunder Creek Zone in Timmins, Ontario and the ultimate sale of WTM to Lake
Shore Gold Inc. for $385 million in late 2009. He also currently acts as a
Technical Advisor to Mag Silver Corp. and to Platinum Group Metals Ltd.
Mr. Wagner joins Joanne Freeze, P.Geo., President and CEO, Peter Megaw, CPG,
Ph.D., Independent Director, Larry Kornze, P.Eng., Independent Director and
Andrew Lee Smith, P.Geo., Independent Director on the Candente Gold Board of
Directors.
"Candente Gold's flagship El Oro Property is a district scale project covering
the heart of the largest high-grade gold-dominant vein camp in Mexico. The
strategy of district scale exploration in proven high-grade gold camps is one
I am very familiar with and one that has proven successful. El Oro shares a
number of similarities with the historic Fresnillo, Guanajuato and Pinos Altos
camps in Mexico, all of which have seen significant new discoveries of gold
and silver in the last few years," said Mr. Wagner. "I am very pleased to be
able to join Joanne Freeze and her team at Candente Gold and to again team up
with Dr. Peter Megaw in Mexico. I am also looking forward to working with the
Candente Team on the large portfolio of promising early stage gold projects in
Peru which were acquired under the helm of Ing. Fredy Huanqui and Joanne
Freeze. Huanqui and Freeze formed Candente together following their
involvement with the discovery of Barrick's Pierina gold deposit in Peru. It
is not often that one has the opportunity to work with such an experienced and
successful team of mine finders and I am excited by the path ahead."
Drilling is planned to commence at El Oro in February 2010 and will comprise
both surface drilling for new veins and underground drifting and drilling
targeted on extensions to high-grade ("bonanza") shoots in the San Rafael
Vein. San Rafael mines produced in excess of 4 million ounces of gold and 44
million ounces of silver, at average grades of 11 gpt gold and 115 gpt silver,
historically from the uppermost 150 to 250 metres. Exploration to define drill
targets on some of the Peru properties will also commence in February 2010.
Candente Gold was formed as part of a re-organization (the "Arrangement") by
Candente Resource Corp. and began trading on the Toronto Stock Exchange
("TSX") under the symbol of "CDG" on January 4th, 2010.
Mark Pryor, Pr.Sci.Nat., Independent Consultant, Joanne C. Freeze, P.Geo.,
President and CEO and Sean Waller, P.Eng., Vice President are the Qualified
Persons as defined by National Instrument 43-101 and have reviewed and
approved the contents of this release.
About Candente Gold Corp.
Candente Gold's Management Team and Board of Directors are senior mining
industry executives with a track record in the discovery and development of
mineral deposits. Candente Gold subscribes to principles whereby exploration
and development activities are consistent with best practice and beneficial to
the local communities.
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 which 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Candente Gold Corp. Walter Spagnuolo Investor Relations + 1 (604) 689-1957
Candente Gold Corp. Joanne C. Freeze, P.Geo. President & CEO + 1 (604)
689-1957 communications@candente.com
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For Relevant Price Information, Double Click on one of these codes:<CDG.TO>
Monday, 18 January 2010 10:00:01MKW [nCCNaKrJFa] {EN}ENDS
Darin Wagner....Guter Mann!!!!
Wird des Teil schon in Canada notiert?
Falls ja, wo bekomme ich Kurse her?
Falls ja, wo bekomme ich Kurse her?
Trading Spotlight
Antwort auf Beitrag Nr.: 39.100.679 von Onkel Dagobert am 10.03.10 09:11:09Klickst Du hier auf der Threadseite oben links Candente Gold oder Minichartbild. Dann kuckst Du auf dieser Seite Toronto. Dort ist Chart so Du öffnest. Must Du probieren!
Glück Auf!
Oder einfach da:
http://www.wallstreet-online.de/aktien/7018046?market_id=31&…
Glück Auf!
Oder einfach da:
http://www.wallstreet-online.de/aktien/7018046?market_id=31&…
ist einem bekannt wann mit ersten bohrergebnissen zu rechnen ist!
10:00 06Apr10 MKW-Candente Gold Begins Work at El Oro <CDG.TO>
Marketwire
Candente Gold Corp.
April 6, 2010 - 04:00:27 AM
Candente Gold Begins Work at El Oro
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 6, 2010) - Candente Gold
Corp. (TSX:CDG) ("Candente Gold") is pleased to announce that exploration and
underground work has started on the El Oro gold project, Mexico. Surface and
underground diamond drilling are planned to commence in April as soon as drill
sites are ready.
Rehabilitation work to access the San Rafael vein in the historic El Oro Mine
is well underway. An investigation of old workings since January has
determined that the San Juan adit is in far better condition than expected and
will provide excellent access for part of the underground drilling program.
The 2010 work program has been budgeted to include approximately 9,000 metres
of diamond drilling underground and 6,000 metres on surface, 500 metres of
rehabilitation of old workings and 1,000 metres of new development.
Underground drilling will target the vertical extensions of known bonanza
grade gold and silver ore shoots of the San Rafael vein. The San Rafael vein
historically produced over 4 million ounces of gold and 44 million ounces of
silver from only the uppermost 150 to 250 metre levels, with mine grades
averaging 10 to 12 g/t gold and 120 to 160 g/t silver, and as high as 50 g/t
gold and 500 g/t silver.
"We have very strong geological evidence that the San Rafael and other vein
systems at El Oro may be analogous to other epithermal vein systems found in
the Fresnillo, Guanajuato and Pinos Altos mines in Mexico, where gold and
silver occurs over 600 to 1200 metres vertically," commented Dr. Peter Megaw,
Ph.D. and Darin Wagner, P.Geo., Candente Gold directors.
Surface drilling will start by testing the Andrea target two kilometres east
of the San Rafael vein. This showing comprises low sulphidation epithermal
style quartz veining and brecciation coinciding with geochemical anomalies in
soils and an NSAMT (Natural Source Audio Magnetic Telluric) structural target.
The exploration program at El Oro is being overseen by Mr. Mark J Pryor,
Pr.Sci.Nat., who has recently been appointed Vice President Exploration for
Candente Gold. Mr. Pryor has 25 years of experience in international gold
exploration with Anglo American in Southern Africa; Monarch Resources, Viceroy
and Minefinders in Mexico; and Placer Dome in Mexico, Africa and Eurasia. Mr.
Pryor has been exploring for gold in Mexico since 1995, including guiding the
discoveries of the San Sebastian, La Pitarrilla and San Agustin gold/silver
deposits while Exploration Manager for Monarch Resources.
In addition, Mr. Pryor oversaw the 2002 to 2004 El Oro district wide
exploration program for Placer Dome, which led to the ore deposit modelling
and projection of potential down dip extensions to the bonanza grade gold and
silver ore shoots below the old workings within the El Oro and Esperanza Mine
leases. Candente Gold is initially targeting these potential extensions.
"We are very pleased to begin exploration at El Oro, particularly under the
direction of someone who understands the project so well, and believes in its
potential so fervently," said Joanne Freeze, P.Geo., Candente Gold's President
& CEO, "With drilling expected to be underway soon on both the underground and
surface targets, we are very excited to see how much gold and silver there is
still to be found in San Rafael, and what new discoveries are yet to be made
on the El Oro gold project."
Michael A. Petrina, P.Eng. has been appointed Technical Advisor to oversee all
underground development activities. Mr. Petrina brings to Candente Gold over
25 years of experience in mine operations and engineering in both underground
and open pit settings. Mr. Petrina has worked extensively in Latin America
previously including at Breakwater Resources' El Mochito Mine, Pan American
Silver's Huaron and Quiruvilca mines and Genco Resources' La Guitarra Mine.
About Candente Gold
Through a plan of arrangement completed in December 2009, the Candente Group
separated its gold and silver assets from its copper assets, assembled an
exploration and management team, and created Candente Gold Corp. Candente Gold
began trading on the TSX on January 4, 2010.
Candente Gold's flagship asset is the El Oro gold project, a district scale
project encompassing one of the largest and most prolific high-grade
epithermal gold-silver vein systems in Mexico. The El Oro District includes
over 20 known veins, but the historic district production of 6.4 million
ounces of gold and 74 million ounces of silver came from just two of these.
Candente Gold will also concurrently begin a thorough, modern, systematic
program of exploration of other known veins, and potential additional veins in
the El Oro gold project area as well as on their Peruvian gold and silver
properties in 2010.
Joanne C. Freeze, P.Geo., President and CEO, Mark J. Pryor, Pr.Sci.Nat. VP
Exploration, and Michael A. Petrina, P.Eng, Technical Advisor are the
non-independent 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:
Candente Gold Corp. John Foulkes, VP Corporate Development local: + 1 (604)
689-1957 ext 2 toll free: 1 (877) 689-1964 ext 2 mobile: + 1 (604) 614-2999
info@candentegold.com
Candente Gold Corp. Walter Spagnuolo, Manager, Investor Relations local: + 1
(604) 689-1957 ext 3 toll free: 1 (877) 689-1964 ext 3 mobile: + 1 (604)
306-8477 www.candentegold.com
For Related News, Double Click on one of these codes:[CCN] [CNR] [MKW] [BMAT] [CA] [MINE] [MTAL] [NEWR] [PREC] [LEN] [CDG.TO]
For Relevant Price Information, Double Click on one of these codes:<CDG.TO>
Tuesday, 06 April 2010 10:00:30MKW [nCCN7415Fa] {EN}ENDS
Marketwire
Candente Gold Corp.
April 6, 2010 - 04:00:27 AM
Candente Gold Begins Work at El Oro
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 6, 2010) - Candente Gold
Corp. (TSX:CDG) ("Candente Gold") is pleased to announce that exploration and
underground work has started on the El Oro gold project, Mexico. Surface and
underground diamond drilling are planned to commence in April as soon as drill
sites are ready.
Rehabilitation work to access the San Rafael vein in the historic El Oro Mine
is well underway. An investigation of old workings since January has
determined that the San Juan adit is in far better condition than expected and
will provide excellent access for part of the underground drilling program.
The 2010 work program has been budgeted to include approximately 9,000 metres
of diamond drilling underground and 6,000 metres on surface, 500 metres of
rehabilitation of old workings and 1,000 metres of new development.
Underground drilling will target the vertical extensions of known bonanza
grade gold and silver ore shoots of the San Rafael vein. The San Rafael vein
historically produced over 4 million ounces of gold and 44 million ounces of
silver from only the uppermost 150 to 250 metre levels, with mine grades
averaging 10 to 12 g/t gold and 120 to 160 g/t silver, and as high as 50 g/t
gold and 500 g/t silver.
"We have very strong geological evidence that the San Rafael and other vein
systems at El Oro may be analogous to other epithermal vein systems found in
the Fresnillo, Guanajuato and Pinos Altos mines in Mexico, where gold and
silver occurs over 600 to 1200 metres vertically," commented Dr. Peter Megaw,
Ph.D. and Darin Wagner, P.Geo., Candente Gold directors.
Surface drilling will start by testing the Andrea target two kilometres east
of the San Rafael vein. This showing comprises low sulphidation epithermal
style quartz veining and brecciation coinciding with geochemical anomalies in
soils and an NSAMT (Natural Source Audio Magnetic Telluric) structural target.
The exploration program at El Oro is being overseen by Mr. Mark J Pryor,
Pr.Sci.Nat., who has recently been appointed Vice President Exploration for
Candente Gold. Mr. Pryor has 25 years of experience in international gold
exploration with Anglo American in Southern Africa; Monarch Resources, Viceroy
and Minefinders in Mexico; and Placer Dome in Mexico, Africa and Eurasia. Mr.
Pryor has been exploring for gold in Mexico since 1995, including guiding the
discoveries of the San Sebastian, La Pitarrilla and San Agustin gold/silver
deposits while Exploration Manager for Monarch Resources.
In addition, Mr. Pryor oversaw the 2002 to 2004 El Oro district wide
exploration program for Placer Dome, which led to the ore deposit modelling
and projection of potential down dip extensions to the bonanza grade gold and
silver ore shoots below the old workings within the El Oro and Esperanza Mine
leases. Candente Gold is initially targeting these potential extensions.
"We are very pleased to begin exploration at El Oro, particularly under the
direction of someone who understands the project so well, and believes in its
potential so fervently," said Joanne Freeze, P.Geo., Candente Gold's President
& CEO, "With drilling expected to be underway soon on both the underground and
surface targets, we are very excited to see how much gold and silver there is
still to be found in San Rafael, and what new discoveries are yet to be made
on the El Oro gold project."
Michael A. Petrina, P.Eng. has been appointed Technical Advisor to oversee all
underground development activities. Mr. Petrina brings to Candente Gold over
25 years of experience in mine operations and engineering in both underground
and open pit settings. Mr. Petrina has worked extensively in Latin America
previously including at Breakwater Resources' El Mochito Mine, Pan American
Silver's Huaron and Quiruvilca mines and Genco Resources' La Guitarra Mine.
About Candente Gold
Through a plan of arrangement completed in December 2009, the Candente Group
separated its gold and silver assets from its copper assets, assembled an
exploration and management team, and created Candente Gold Corp. Candente Gold
began trading on the TSX on January 4, 2010.
Candente Gold's flagship asset is the El Oro gold project, a district scale
project encompassing one of the largest and most prolific high-grade
epithermal gold-silver vein systems in Mexico. The El Oro District includes
over 20 known veins, but the historic district production of 6.4 million
ounces of gold and 74 million ounces of silver came from just two of these.
Candente Gold will also concurrently begin a thorough, modern, systematic
program of exploration of other known veins, and potential additional veins in
the El Oro gold project area as well as on their Peruvian gold and silver
properties in 2010.
Joanne C. Freeze, P.Geo., President and CEO, Mark J. Pryor, Pr.Sci.Nat. VP
Exploration, and Michael A. Petrina, P.Eng, Technical Advisor are the
non-independent 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:
Candente Gold Corp. John Foulkes, VP Corporate Development local: + 1 (604)
689-1957 ext 2 toll free: 1 (877) 689-1964 ext 2 mobile: + 1 (604) 614-2999
info@candentegold.com
Candente Gold Corp. Walter Spagnuolo, Manager, Investor Relations local: + 1
(604) 689-1957 ext 3 toll free: 1 (877) 689-1964 ext 3 mobile: + 1 (604)
306-8477 www.candentegold.com
For Related News, Double Click on one of these codes:[CCN] [CNR] [MKW] [BMAT] [CA] [MINE] [MTAL] [NEWR] [PREC] [LEN] [CDG.TO]
For Relevant Price Information, Double Click on one of these codes:<CDG.TO>
Tuesday, 06 April 2010 10:00:30MKW [nCCN7415Fa] {EN}ENDS
10:00 20May10 MKW- Candente Gold Begins Exploration Drilling at El Oro <CDG.TO>
VANCOUVER, BRITISH COLUMBIA, May 20 (MARKET WIRE) --
Candente Gold Corp. (TSX: CDG) ("Candente Gold") is pleased to
announce that surface exploration drilling has commenced on the El Oro
Gold Project in Mexico. The initial drill test of the Andrea target,
located in the northeast portion of the El Oro property approximately
3,000 metres northeast of the historically prolific San Rafael vein, has
now been completed with additional testing of this previously undrilled
vein system ongoing.
The Andrea target is an outcropping, low sulphidation epithermal style
vein and breccia system coinciding with gold-silver-antimony geochemical
anomalies in soils and an NSAMT (Natural Source Audio Magnetic Telluric)
geophysical anomaly. The Andrea vein was discovered by Candente in 2006.
Drilling of the Andrea vein is planned to test the down dip extensions to
the vein as well as any additional blind mineralized structures through a
series of increasingly deeper holes from surface. The first and
shallowest of these holes has successfully intersected sulphide
mineralized quartz-calcite vein material and significant zones of
argillic alteration within the volcanic units that overlie the
sedimentary package that hosts the San Rafael and all other mineralized
veins in the district. The second, deeper hole is still in progress but
has also intersected mineralized quartz-calcite veins and fault
structures within both the volcanic and sedimentary packages.
"We are extremely pleased to have intersected mineralized veins and
alteration in our first drill hole targeting the Andrea vein system, only
230 meters down-hole," said Joanne Freeze, Candente Gold's President
and CEO. "This reinforces our zoning model that predicts that
significant mineralization lies deeper within the historic district and
in an area never previously drilled. We eagerly await assay confirmation
of the narrow mineralization in Hole 1 and continuing favourable results
from Hole 2."
Underground Work on the San Rafael Vein
Preparations for the 9,000 metre underground drilling program on the San
Rafael vein are nearing completion, with rehabilitation of old workings,
preparations and rock bolting around the first drill site, and
procurement of the drill equipment and personnel now complete. Drilling
of the first hole into the San Rafael vein is expected to commence before
the end of the month.
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 epithermal
gold-silver 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 came from just two
of these.
Candente Gold has planned an underground drifting and drilling program
targeting extensions to the high-grade bonanza zones in the first of
these two veins, the San Rafael vein. These extensions were Placer Dome's
top exploration targets in the El Oro district prior to their takeover by
Barrick Gold in January, 2006.
Mine grades in the San Rafael vein system averaged 10 to 12 g/t gold and
120 to 160 g/t silver and reached as high as 50 g/t gold and 500 g/t
silver, with over 4 million ounces of gold and 44 million ounces of
silver mined from only the uppermost 150 to 250 metre 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.
Candente Gold will also concurrently begin a thorough, modern, systematic
program of exploration of other known veins, and potential additional
veins in the El Oro gold district as well as on their Peruvian gold and
silver properties in 2010.
Joanne C. Freeze, P.Geo., President and CEO and Mark J 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
Contacts:
Candente Gold Corp.
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
Candente Gold Corp.
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
www.candente.com
Copyright 2010, Market Wire, All rights reserved.
-0-
For Related News, Double Click on one of these codes:[MKW] [CNR] [BMAT] [CA] [MINE] [MTAL] [PREC] [US] [LEN] [CDG.TO]
For Relevant Price Information, Double Click on one of these codes:<CDG.TO>
Thursday, 20 May 2010 10:00:31MKW [nMKW23026a] {EN}ENDS
VANCOUVER, BRITISH COLUMBIA, May 20 (MARKET WIRE) --
Candente Gold Corp. (TSX: CDG) ("Candente Gold") is pleased to
announce that surface exploration drilling has commenced on the El Oro
Gold Project in Mexico. The initial drill test of the Andrea target,
located in the northeast portion of the El Oro property approximately
3,000 metres northeast of the historically prolific San Rafael vein, has
now been completed with additional testing of this previously undrilled
vein system ongoing.
The Andrea target is an outcropping, low sulphidation epithermal style
vein and breccia system coinciding with gold-silver-antimony geochemical
anomalies in soils and an NSAMT (Natural Source Audio Magnetic Telluric)
geophysical anomaly. The Andrea vein was discovered by Candente in 2006.
Drilling of the Andrea vein is planned to test the down dip extensions to
the vein as well as any additional blind mineralized structures through a
series of increasingly deeper holes from surface. The first and
shallowest of these holes has successfully intersected sulphide
mineralized quartz-calcite vein material and significant zones of
argillic alteration within the volcanic units that overlie the
sedimentary package that hosts the San Rafael and all other mineralized
veins in the district. The second, deeper hole is still in progress but
has also intersected mineralized quartz-calcite veins and fault
structures within both the volcanic and sedimentary packages.
"We are extremely pleased to have intersected mineralized veins and
alteration in our first drill hole targeting the Andrea vein system, only
230 meters down-hole," said Joanne Freeze, Candente Gold's President
and CEO. "This reinforces our zoning model that predicts that
significant mineralization lies deeper within the historic district and
in an area never previously drilled. We eagerly await assay confirmation
of the narrow mineralization in Hole 1 and continuing favourable results
from Hole 2."
Underground Work on the San Rafael Vein
Preparations for the 9,000 metre underground drilling program on the San
Rafael vein are nearing completion, with rehabilitation of old workings,
preparations and rock bolting around the first drill site, and
procurement of the drill equipment and personnel now complete. Drilling
of the first hole into the San Rafael vein is expected to commence before
the end of the month.
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 epithermal
gold-silver 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 came from just two
of these.
Candente Gold has planned an underground drifting and drilling program
targeting extensions to the high-grade bonanza zones in the first of
these two veins, the San Rafael vein. These extensions were Placer Dome's
top exploration targets in the El Oro district prior to their takeover by
Barrick Gold in January, 2006.
Mine grades in the San Rafael vein system averaged 10 to 12 g/t gold and
120 to 160 g/t silver and reached as high as 50 g/t gold and 500 g/t
silver, with over 4 million ounces of gold and 44 million ounces of
silver mined from only the uppermost 150 to 250 metre 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.
Candente Gold will also concurrently begin a thorough, modern, systematic
program of exploration of other known veins, and potential additional
veins in the El Oro gold district as well as on their Peruvian gold and
silver properties in 2010.
Joanne C. Freeze, P.Geo., President and CEO and Mark J 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
Contacts:
Candente Gold Corp.
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
Candente Gold Corp.
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
www.candente.com
Copyright 2010, Market Wire, All rights reserved.
-0-
For Related News, Double Click on one of these codes:[MKW] [CNR] [BMAT] [CA] [MINE] [MTAL] [PREC] [US] [LEN] [CDG.TO]
For Relevant Price Information, Double Click on one of these codes:<CDG.TO>
Thursday, 20 May 2010 10:00:31MKW [nMKW23026a] {EN}ENDS
Candente Gold shareholders,
Lawrence Roulston has initiated coverage on Candente Gold following a recent site visit to our El Oro gold project in Mexico by his research team.
The full text is below, or a copy of his coverage can be downloaded from the Candente Gold website http://candentegold.com/i/pdf/Lawrence_Roulston_Candente_Gol… (340kb pdf)
___
LAWRENCE ROULSTON'S RESOURCE OPPORTUNITIES CANDENTE GOLD CORP. (CDG-TSX) - INITIATING COVERAGE
The following editorial is extracted from the May 2010-2 Issue
Candente Gold is confirming and expanding an historic gold-silver resource on a project in Mexico and is exploring several highly prospective earlier stage gold properties in Peru.
Candente Gold was spun-out from Candente Copper (previously Candente Resources) in January, 2010 taking the gold properties in Mexico and Peru. Candente Copper (DNT-TSX) kept the copper properties, including the Cañariaco Norte deposit, which has a measured and indicated resource of 6.46 billion pound copper, 1.43 million ounce gold and 36 million ounce silver.
President Joanne Freeze, who was responsible for the success of Candente Resources and the delineation of the Cañariaco deposit, will be devoting the majority of her attention to Candente Gold. She has teamed up with Director Peter Megaw, a PhD geologist and specialist in Mexican precious metal deposits.
Dr. Megaw has been a major contributor to the success of MAG Silver (MAG-TSX). Those two are backed by a strong geological team. Candente Gold is now focused on its El Oro property in Mexico. Luisman (now a subsidiary of Goldcorp) in 1992 outlined 760,000 ounces of gold and 9.75 million ounces of silver (those figures are non-compliant historic estimates).
Candente Gold has an option to earn a controlling interest in the El Oro property from Goldcorp.
Candente can earn 50% by spending $5 million by November 2011. By spending an additional $5 million and issuing 1 million shares before November 2013 they can boost their interest to 70%. Goldcorp can stay at 30% by participating in future expenditures, or dilute to a 6.5% net profits interest. For the exploration area (that is, outside of the historic mining area), Goldcorp can also earn-back to 70% by spending 2.5 times the amount Candente spends. That back-in right does not apply to the historic mining area.
The El Oro property comprises 149 square kilometres located 120 kilometres northwest of Mexico City. It is accessible by paved highway.
The town of El Oro was formed from a gold rush in the 1800s and has a mining friendly population and extensive infrastructure and services including access to power and labour.
The El Oro property hosts a district scale epithermal gold-silver vein system with over 50 known veins. Historic production of 6.4 million ounces of gold and 74 million ounces of silver came from only two of these known veins. The San Rafael vein has the most extensive underground workings and is where the historic resource is located. In the late 1800s to early 1900s three companies controlled the 2.4 kilometre long vein and work was conducted only to depths of 250 meters.
Mining stopped in 1929 due to limited pumping capabilities and a gold price fixed at $29/oz.
Candente Gold plans to drill the deposit to a depth of 500 meters below the historic mine workings. Drilling will be done from underground and span a 1.7 kilometre extent of the vein. The 9,000 meter drill program is about to get underway. The initial target is to confirm and expand on the gold-silver zones located in the area of the historic workings.
Those zones could be developed through the existing workings and therefore brought to production fairly quickly.
The geological team is also investigating a secondary target that could be much more significant than the present resource potential.
Dr. Megaw has seen geological evidence that another mineralized system is present beneath the area of the present workings. More than just an extension to depth, his belief is that there was a separate mineralizing event. Further work will be done on that hypothesis in parallel with the present drilling, with plans for deep drill testing planned after establishing the resource near the current workings.
Surface exploration drilling is underway now on other targets at El Oro. Initial holes have been completed on the Andrea target located 3 kilometres northeast of the historic San Rafael vein. The Andrea target is a low sulphidation epithermal vein and breccia system that was discovered by Candente through geophysical work. Drilling appears to have intersected sulphide mineralization, and assays are pending.
Candente Gold also holds a 100% interest in 10 early to mid stage exploration properties in Peru. All of the properties host epithermal vein-style targets, with at least four projects ready for drilling.
Candente Gold's primary objective is to outline resources within reach of the underground workings within the San Rafael vein, while simultaneously testing other veins and the deeper target on the extensive El Oro property.
With a strong exploration team at work and a senior gold miner as a partner, the project should proceed quickly, with the share price matching progress on the project.
Price July 19, 2010: C$0.70
Shares Outstanding: 49.8 million
Shares Fully Diluted: 68.0 million
Market Cap: C$35 million
Contact: Investor Relations 1-877-689-1964 www.candentegold.com
___
Please don't hesitate to contact me for further information.
Sincerely,
John Foulkes
VP Corporate Development
Candente Gold (CDG:TSX)
Candente Copper (DNT:TSX)
jfoulkes@candente.com
mobile: +1-604-614-2999
direct: +1-604-689-1957 Ext 2
Lawrence Roulston has initiated coverage on Candente Gold following a recent site visit to our El Oro gold project in Mexico by his research team.
The full text is below, or a copy of his coverage can be downloaded from the Candente Gold website http://candentegold.com/i/pdf/Lawrence_Roulston_Candente_Gol… (340kb pdf)
___
LAWRENCE ROULSTON'S RESOURCE OPPORTUNITIES CANDENTE GOLD CORP. (CDG-TSX) - INITIATING COVERAGE
The following editorial is extracted from the May 2010-2 Issue
Candente Gold is confirming and expanding an historic gold-silver resource on a project in Mexico and is exploring several highly prospective earlier stage gold properties in Peru.
Candente Gold was spun-out from Candente Copper (previously Candente Resources) in January, 2010 taking the gold properties in Mexico and Peru. Candente Copper (DNT-TSX) kept the copper properties, including the Cañariaco Norte deposit, which has a measured and indicated resource of 6.46 billion pound copper, 1.43 million ounce gold and 36 million ounce silver.
President Joanne Freeze, who was responsible for the success of Candente Resources and the delineation of the Cañariaco deposit, will be devoting the majority of her attention to Candente Gold. She has teamed up with Director Peter Megaw, a PhD geologist and specialist in Mexican precious metal deposits.
Dr. Megaw has been a major contributor to the success of MAG Silver (MAG-TSX). Those two are backed by a strong geological team. Candente Gold is now focused on its El Oro property in Mexico. Luisman (now a subsidiary of Goldcorp) in 1992 outlined 760,000 ounces of gold and 9.75 million ounces of silver (those figures are non-compliant historic estimates).
Candente Gold has an option to earn a controlling interest in the El Oro property from Goldcorp.
Candente can earn 50% by spending $5 million by November 2011. By spending an additional $5 million and issuing 1 million shares before November 2013 they can boost their interest to 70%. Goldcorp can stay at 30% by participating in future expenditures, or dilute to a 6.5% net profits interest. For the exploration area (that is, outside of the historic mining area), Goldcorp can also earn-back to 70% by spending 2.5 times the amount Candente spends. That back-in right does not apply to the historic mining area.
The El Oro property comprises 149 square kilometres located 120 kilometres northwest of Mexico City. It is accessible by paved highway.
The town of El Oro was formed from a gold rush in the 1800s and has a mining friendly population and extensive infrastructure and services including access to power and labour.
The El Oro property hosts a district scale epithermal gold-silver vein system with over 50 known veins. Historic production of 6.4 million ounces of gold and 74 million ounces of silver came from only two of these known veins. The San Rafael vein has the most extensive underground workings and is where the historic resource is located. In the late 1800s to early 1900s three companies controlled the 2.4 kilometre long vein and work was conducted only to depths of 250 meters.
Mining stopped in 1929 due to limited pumping capabilities and a gold price fixed at $29/oz.
Candente Gold plans to drill the deposit to a depth of 500 meters below the historic mine workings. Drilling will be done from underground and span a 1.7 kilometre extent of the vein. The 9,000 meter drill program is about to get underway. The initial target is to confirm and expand on the gold-silver zones located in the area of the historic workings.
Those zones could be developed through the existing workings and therefore brought to production fairly quickly.
The geological team is also investigating a secondary target that could be much more significant than the present resource potential.
Dr. Megaw has seen geological evidence that another mineralized system is present beneath the area of the present workings. More than just an extension to depth, his belief is that there was a separate mineralizing event. Further work will be done on that hypothesis in parallel with the present drilling, with plans for deep drill testing planned after establishing the resource near the current workings.
Surface exploration drilling is underway now on other targets at El Oro. Initial holes have been completed on the Andrea target located 3 kilometres northeast of the historic San Rafael vein. The Andrea target is a low sulphidation epithermal vein and breccia system that was discovered by Candente through geophysical work. Drilling appears to have intersected sulphide mineralization, and assays are pending.
Candente Gold also holds a 100% interest in 10 early to mid stage exploration properties in Peru. All of the properties host epithermal vein-style targets, with at least four projects ready for drilling.
Candente Gold's primary objective is to outline resources within reach of the underground workings within the San Rafael vein, while simultaneously testing other veins and the deeper target on the extensive El Oro property.
With a strong exploration team at work and a senior gold miner as a partner, the project should proceed quickly, with the share price matching progress on the project.
Price July 19, 2010: C$0.70
Shares Outstanding: 49.8 million
Shares Fully Diluted: 68.0 million
Market Cap: C$35 million
Contact: Investor Relations 1-877-689-1964 www.candentegold.com
___
Please don't hesitate to contact me for further information.
Sincerely,
John Foulkes
VP Corporate Development
Candente Gold (CDG:TSX)
Candente Copper (DNT:TSX)
jfoulkes@candente.com
mobile: +1-604-614-2999
direct: +1-604-689-1957 Ext 2
News. 14.09.2010
Candente Gold Confirms Gold and Silver Grades
in Remnant Resource at El Oro
Vancouver, British Columbia, September 14th, 2010. Candente Gold Corp. (TSX:CDG, BVL:CDG)
("Candente Gold") is pleased to announce that gold and silver grades from underground sampling and
drilling have confirmed the potential for a remnant resource in the historic workings of the San Rafael
vein, El Oro District, Mexico.
Both underground drilling and sampling have demonstrated high grades of gold and silver in vein
remnants. Two samples collected 55 m apart vertically have returned grades of 14.92 grams per tonne
(‘g/t’) gold and 117.00 g/t silver over 2.1m, and 14.64 g/t gold and 54.50 g/t silver over 2.5m.
Mineralized backfill material sampled to date shows an average of 4.72 g/t gold and 53.49 g/t silver.
These results support the historic gold and silver grades in a 1992 resource estimate by Luismin SA de
CV (now a subsidiary of Goldcorp). This resource contained 762,000 ounces of gold and 9,750,000
ounces of silver at an average grade of 3.44 g/t gold and 44.00 g/t silver in 6,888,620 tonnes within
remnant hanging and footwall vein material as well as pillars and backfill. This mineralized material
was left behind as a result of a historic mine cut-off grade of ~8 g/t gold. Luismin’s resource is historic
in nature and non-43-101 compliant.
Although evaluating this remnant resource is a secondary priority, Candente Gold expects to encounter
significant amounts of this material in its underground rehabilitation and drilling program and will
sample, assay and stockpile these materials throughout the San Rafael vein underground program as
potential starter feed for a future mill.
This resource estimate pertains only to the El Oro Mining & Railway Company mine, in the southern
end of the San Rafael vein, which encompassed approximately 40% of the 2.4 km mined length of the
vein. A significant additional remnant resource may exist in the northern 60% of the vein mined by the
Mexico and Esperanza companies, but records no longer exist to allow for a resource estimate.
Projected high grade mineralization below the historic mine workings in extensions to known highgrade
gold-silver zones averaging 10 to 12 g/t gold, 120 to 160 g/t silver, and 10 metres wide remain the
primary exploration targets on the San Rafael vein. These targets will be tested as soon as the
rehabilitation of the San Juan tunnel is extended sufficiently to allow further drilling from
underground.
Candente Gold is also investigating the best method to access and test the largest and highest grade of
these targets, which lies at the boundary between the historic Mexico and Esperanza mines in the
northern end of the San Rafael vein. Historic underground sampling returned grades of up to 50 g/t
gold immediately above this target.
Rehabilitation & Sampling of Underground Workings in the San Rafael Vein
To date, 520 metres of workings in the southern portion of the San Rafael vein system have been
rehabilitated to provide access for underground drill stations. During this rehabilitation, chip channel
sampling of altered and veined sidewall material and areas of backfill within the San Juan adits and its
crosscuts totalled over 160 samples. A total of 17 samples of mineralized backfill material averaged 4.72
g/t gold and 53.49 g/t silver. Continued sampling and assaying of the material removed and
encountered during the rehabilitation of the underground workings will continue throughout the San
Rafael vein underground program.
Sampling of a 9m long portion of the San Rafael vein left in place in the Consuelo adit returned grades
averaging 7.16 g/t gold and 33.00 g/t silver from 4 channel samples over 2.5 m each, including 14.64
g/t gold and 54.50 g/t silver from one of these 2.5m channel samples.
NEWS RELEASE
2
Underground Drilling in the San Rafael Vein
Since June 2010 a series of 11 holes totalling 980 metres have been drilled from a station established in
the footwall of the San Rafael vein, approximately 500 metres from the portal. These holes were drilled
to test the geology and provide an initial test of backfill and vein remnants comprising the potential
remnant resource mentioned above in the historic workings at the southern end of the San Rafael vein
system.
Selected assays from these 11 holes are reported below in Table 2, and include a 2.1m intersection
grading 14.92 g/t gold and 117.00 g/t silver intersected in borehole SJUG10-002 of in-situ footwall
quartz vein and breccia material of the San Rafael vein system. Borehole SJUG10-004 returned values
of 3.14 g/t gold and 50.50 g/t silver over 6.0m from backfill material intersected in the drilling.
The combined drilling and backfill assays confirm the presence of significant quantities of potentially
mineable grade backfill within the San Rafael vein workings. The high grade intercepts of remnant San
Rafael vein material confirms the historic mine cut-off grades and indicates that significant amounts of
what would today be considered high-grade material may remain in-situ. This further underscores
Candente Gold’s belief that a significant remnant resource is contained within the historic mine
workings of the San Rafael vein system.
The San Juan tunnel rehabilitation is continuing to the southwest to establish a series of drill stations in
the hanging wall of the San Rafael vein. Drilling will then be carried out to test projected high grade
mineralization below the historic mine workings in extensions to known high-grade gold-silver zones.
This drilling will commence as soon as the rehabilitation work is complete.
Table 1 – Selected Underground Grab & Channel Sample Assays
Location
Sample Type
Width (m)
Au (g/t)
Ag (g/t)
72 Level backfill
grab
17 samples
4.72
53.49
Consuelo sub-level
channel
2.5 x 4
7.16
33.00
including
channel
2.5
14.64
54.50
Table 2 – Selected Underground Drilling Assays
Borehole
From (m)
To (m)
Width (m)
Au (g/t)
Ag (g/t)
SJUG10-002
38.4
40.5
2.1
14.92
117.00
SJUG10-004
25.00
55.50
30.5
1.52
32.94
including
43.00
49.00
6.0
3.14
50.50
SJUG10-006
69.0
84.5
15.5
1.33
55.18
including
73.5
80.0
6.5
2.82
96.08
SJUG10-007
29.0
30.00
1.0
3.67
14.50
SJUG10-010
41.0
51.0
10.0
0.50
27.30
3
Surface Exploration Drilling
Several geological, geochemical, and geophysical targets with the potential to represent buried and
previously unknown vein systems similar to San Rafael have been identified in the Oriente Zone, which
lies 1,000 to 4,000m east of the historic mining centres. These targets include linear features
delineated by NSAMT geophysics coinciding with geochemical anomalies in soils and rocks and some
alteration zones. These targets are being systematically drilled as a key part of the exploration program
at El Oro.
The first target to be tested was the Andrea vein located 3,000m northeast of the San Rafael vein
system. Andrea is the only outcropping vein and breccia target with low sulphidation epithermal style
alteration features found in this area.
Drill testing of the Andrea vein is now complete. Four holes were started, of which three reached their
target depth, and one was lost short of its target depth due to drilling difficulties. The Andrea vein was
intersected by the three completed holes at vertical depths of approximately 150, 250, and 500 metres.
The third hole was successful in intersecting the vein at a depth where it was hosted by the favourable
phyllite wall rock however anomalous levels of gold or silver have not been detected.
The surface drill has now begun drilling the Veta Oriente target, which is located 1,500 metres east of
the San Rafael vein. Veta Oriente is a coincident geochemical and geophysical target which may
represent a buried low sulphidation epithermal vein system.
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 20 veins with past production and more than 50 veins in total, with 6.4 million ounces of gold
and 74 million ounces of silver produced from just two of these veins.
Modern understanding of epithermal vein systems strongly indicates that many of the El Oro district’s
veins hold multi-million ounce discovery potential, particularly below the historic workings of the San
Rafael vein, which was mined to an average depth of only 200 metres. Candente Gold believes that the
San Rafael vein system is analogous to other epithermal vein systems in Mexico such as the Fresnillo,
Guanajuato, and Pinos Altos mines where gold and silver occurs over 600 to 1200 metres vertically.
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.
_____
Joanne C. Freeze, P.Geo., President and CEO and Mark J. 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. Forwardlooking
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
_____________________________________
4
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 008
Candente Gold Confirms Gold and Silver Grades
in Remnant Resource at El Oro
Vancouver, British Columbia, September 14th, 2010. Candente Gold Corp. (TSX:CDG, BVL:CDG)
("Candente Gold") is pleased to announce that gold and silver grades from underground sampling and
drilling have confirmed the potential for a remnant resource in the historic workings of the San Rafael
vein, El Oro District, Mexico.
Both underground drilling and sampling have demonstrated high grades of gold and silver in vein
remnants. Two samples collected 55 m apart vertically have returned grades of 14.92 grams per tonne
(‘g/t’) gold and 117.00 g/t silver over 2.1m, and 14.64 g/t gold and 54.50 g/t silver over 2.5m.
Mineralized backfill material sampled to date shows an average of 4.72 g/t gold and 53.49 g/t silver.
These results support the historic gold and silver grades in a 1992 resource estimate by Luismin SA de
CV (now a subsidiary of Goldcorp). This resource contained 762,000 ounces of gold and 9,750,000
ounces of silver at an average grade of 3.44 g/t gold and 44.00 g/t silver in 6,888,620 tonnes within
remnant hanging and footwall vein material as well as pillars and backfill. This mineralized material
was left behind as a result of a historic mine cut-off grade of ~8 g/t gold. Luismin’s resource is historic
in nature and non-43-101 compliant.
Although evaluating this remnant resource is a secondary priority, Candente Gold expects to encounter
significant amounts of this material in its underground rehabilitation and drilling program and will
sample, assay and stockpile these materials throughout the San Rafael vein underground program as
potential starter feed for a future mill.
This resource estimate pertains only to the El Oro Mining & Railway Company mine, in the southern
end of the San Rafael vein, which encompassed approximately 40% of the 2.4 km mined length of the
vein. A significant additional remnant resource may exist in the northern 60% of the vein mined by the
Mexico and Esperanza companies, but records no longer exist to allow for a resource estimate.
Projected high grade mineralization below the historic mine workings in extensions to known highgrade
gold-silver zones averaging 10 to 12 g/t gold, 120 to 160 g/t silver, and 10 metres wide remain the
primary exploration targets on the San Rafael vein. These targets will be tested as soon as the
rehabilitation of the San Juan tunnel is extended sufficiently to allow further drilling from
underground.
Candente Gold is also investigating the best method to access and test the largest and highest grade of
these targets, which lies at the boundary between the historic Mexico and Esperanza mines in the
northern end of the San Rafael vein. Historic underground sampling returned grades of up to 50 g/t
gold immediately above this target.
Rehabilitation & Sampling of Underground Workings in the San Rafael Vein
To date, 520 metres of workings in the southern portion of the San Rafael vein system have been
rehabilitated to provide access for underground drill stations. During this rehabilitation, chip channel
sampling of altered and veined sidewall material and areas of backfill within the San Juan adits and its
crosscuts totalled over 160 samples. A total of 17 samples of mineralized backfill material averaged 4.72
g/t gold and 53.49 g/t silver. Continued sampling and assaying of the material removed and
encountered during the rehabilitation of the underground workings will continue throughout the San
Rafael vein underground program.
Sampling of a 9m long portion of the San Rafael vein left in place in the Consuelo adit returned grades
averaging 7.16 g/t gold and 33.00 g/t silver from 4 channel samples over 2.5 m each, including 14.64
g/t gold and 54.50 g/t silver from one of these 2.5m channel samples.
NEWS RELEASE
2
Underground Drilling in the San Rafael Vein
Since June 2010 a series of 11 holes totalling 980 metres have been drilled from a station established in
the footwall of the San Rafael vein, approximately 500 metres from the portal. These holes were drilled
to test the geology and provide an initial test of backfill and vein remnants comprising the potential
remnant resource mentioned above in the historic workings at the southern end of the San Rafael vein
system.
Selected assays from these 11 holes are reported below in Table 2, and include a 2.1m intersection
grading 14.92 g/t gold and 117.00 g/t silver intersected in borehole SJUG10-002 of in-situ footwall
quartz vein and breccia material of the San Rafael vein system. Borehole SJUG10-004 returned values
of 3.14 g/t gold and 50.50 g/t silver over 6.0m from backfill material intersected in the drilling.
The combined drilling and backfill assays confirm the presence of significant quantities of potentially
mineable grade backfill within the San Rafael vein workings. The high grade intercepts of remnant San
Rafael vein material confirms the historic mine cut-off grades and indicates that significant amounts of
what would today be considered high-grade material may remain in-situ. This further underscores
Candente Gold’s belief that a significant remnant resource is contained within the historic mine
workings of the San Rafael vein system.
The San Juan tunnel rehabilitation is continuing to the southwest to establish a series of drill stations in
the hanging wall of the San Rafael vein. Drilling will then be carried out to test projected high grade
mineralization below the historic mine workings in extensions to known high-grade gold-silver zones.
This drilling will commence as soon as the rehabilitation work is complete.
Table 1 – Selected Underground Grab & Channel Sample Assays
Location
Sample Type
Width (m)
Au (g/t)
Ag (g/t)
72 Level backfill
grab
17 samples
4.72
53.49
Consuelo sub-level
channel
2.5 x 4
7.16
33.00
including
channel
2.5
14.64
54.50
Table 2 – Selected Underground Drilling Assays
Borehole
From (m)
To (m)
Width (m)
Au (g/t)
Ag (g/t)
SJUG10-002
38.4
40.5
2.1
14.92
117.00
SJUG10-004
25.00
55.50
30.5
1.52
32.94
including
43.00
49.00
6.0
3.14
50.50
SJUG10-006
69.0
84.5
15.5
1.33
55.18
including
73.5
80.0
6.5
2.82
96.08
SJUG10-007
29.0
30.00
1.0
3.67
14.50
SJUG10-010
41.0
51.0
10.0
0.50
27.30
3
Surface Exploration Drilling
Several geological, geochemical, and geophysical targets with the potential to represent buried and
previously unknown vein systems similar to San Rafael have been identified in the Oriente Zone, which
lies 1,000 to 4,000m east of the historic mining centres. These targets include linear features
delineated by NSAMT geophysics coinciding with geochemical anomalies in soils and rocks and some
alteration zones. These targets are being systematically drilled as a key part of the exploration program
at El Oro.
The first target to be tested was the Andrea vein located 3,000m northeast of the San Rafael vein
system. Andrea is the only outcropping vein and breccia target with low sulphidation epithermal style
alteration features found in this area.
Drill testing of the Andrea vein is now complete. Four holes were started, of which three reached their
target depth, and one was lost short of its target depth due to drilling difficulties. The Andrea vein was
intersected by the three completed holes at vertical depths of approximately 150, 250, and 500 metres.
The third hole was successful in intersecting the vein at a depth where it was hosted by the favourable
phyllite wall rock however anomalous levels of gold or silver have not been detected.
The surface drill has now begun drilling the Veta Oriente target, which is located 1,500 metres east of
the San Rafael vein. Veta Oriente is a coincident geochemical and geophysical target which may
represent a buried low sulphidation epithermal vein system.
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 20 veins with past production and more than 50 veins in total, with 6.4 million ounces of gold
and 74 million ounces of silver produced from just two of these veins.
Modern understanding of epithermal vein systems strongly indicates that many of the El Oro district’s
veins hold multi-million ounce discovery potential, particularly below the historic workings of the San
Rafael vein, which was mined to an average depth of only 200 metres. Candente Gold believes that the
San Rafael vein system is analogous to other epithermal vein systems in Mexico such as the Fresnillo,
Guanajuato, and Pinos Altos mines where gold and silver occurs over 600 to 1200 metres vertically.
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.
_____
Joanne C. Freeze, P.Geo., President and CEO and Mark J. 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. Forwardlooking
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
_____________________________________
4
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
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NR 008
Candente Gold Acquires Silver Prospect in Southern Peru
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Symbol Price Change
CDG.TO 0.67 0.00
{"s" : "cdg.to","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: Candente Gold Corp. On Thursday November 18, 2010, 4:00 am
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 18, 2010) - Candente Gold Corp. (TSX:CDG - News; BVLAC:CDG) ("Candente Gold") announces today the acquisition of the Casua claim from Minera Silex Peru S.R.L. Casua is a 100 hectare concession which covers part of a high grade silver vein system surrounded by Candente Gold's Tres Marias prospect in the Puno District of Southern Peru. Tres Marias hosts known high grade vein hosted silver mineralization and also shows potential for bulk tonnage high sulphidation style gold mineralization.
Tres Marias is located within an emerging epithermal gold and silver belt of southern Peru near the recent Canahuire gold deposit discovery (5.6 million ounces of gold equivalent contained in 83.7 million tonnes grading 2.1 g/t gold equivalent (http://www.goldfields.co.za/news_article.php?articleID=592)) recently announced by the Compania de Minas Buenaventura-Gold Fields Joint Venture. Several other recent discoveries and operating mines are also known in this belt, which is one of the fastest growing precious metal mining districts in Peru.
"Recent important gold-silver discoveries in this emerging area of southern Peru significantly amplify the potential of the Tres Marias property," commented Joanne C. Freeze, P.Geo., President & CEO of Candente Gold. "Concepts stemming from these discoveries have been incorporated into recent field work by Candente Gold with several targets emerging. Permitting for drilling is underway."
Since acquiring an extensive portfolio of precious metal prospects in Peru from Candente Copper in late 2009, Candente Gold has been conducting systematic evaluations of all these properties in order to prioritize them for exploration. The other 9 properties will be discussed in future news releases.
The Tres Marias property covers 7,900 hectares which are held 100% by Candente's Peruvian subsidiary Candente Gold Peru S.A. Terms of the acquisition of the 100 hectare Casua claim include a payment of US$10,000 on signing and 60,000 shares of Candente Gold to be issued in two parts - 30,000 shares on signing and 30,000 shares after 6 months.
Silver mineralization at Tres Marias is hosted in a system of veins ranging from 10 centimetres ("cm") to 2 metres ("m") in width with pervasive clay alteration and silicification occurring between the veins. Vegetation masks the full extent of mineralization and hinders determination of the actual number of veins comprising the Tres Marias system. However, the three main known veins show a fan-like outcrop pattern converging on the Casua claim, making it a highly prospective exploration target.
The most prolific vein found to date, the Pataquena, has seen only minimal near surface exploitation and exploration. It has now been traced for over one kilometer and remains open to the north and south. Silver values from surface sampling and historic mine dump piles are detailed in Tables 1 & 2.
Table 1 - Grabs From Historic Mine Dump Piles --------------------------------------------------------------------------Width(i) Silver (Oz/t) Silver (g/t) Lead Zinc -------------------------------------------------------------------------- greater than N/A 31.18 1,069 10.00% 1.88%--------------------------------------------------------------------------N/A 38.20 1,310 8.55% 1.42%--------------------------------------------------------------------------N/A 15.60 535 7.56% 2.14%--------------------------------------------------------------------------N/A 68.08 2,334 0.27% 1.19%--------------------------------------------------------------------------N/A 67.99 2,331 0.28% 1.89%--------------------------------------------------------------------------N/A 60.41 2,071 3.63% 1.70%--------------------------------------------------------------------------(i)Selected Samples With No True Width Table 2 - Chip Samples From Outcrop --------------------------------------------------------------------------Width Silver (Oz/t) Silver (g/t) Lead Zinc --------------------------------------------------------------------------1.00 11.03 378 2.05% 0.07%--------------------------------------------------------------------------0.40 14.67 503 0.18% 0.01%--------------------------------------------------------------------------0.10 13.88 476 0.54% 0.11%-------------------------------------------------------------------------- greater than 0.50 8.25 283 10.00% 1.59%--------------------------------------------------------------------------0.20 23.80 816 2.63% 3.10%--------------------------------------------------------------------------
Anomalous levels of gold have been found in soils developed on clay altered and silicified ground in distinct zones south of the vein system.
Eight kilometres south of the vein system, high sulphidation style alteration extends for one km along a prominent ridge. The high sulphidation zone includes lithologically and structurally controlled vuggy silica and hydrothermal breccias in various surface exposures. Geochemical reconnaissance of this alteration zone is underway.
Rock samples from separate sampling programs were sent to Actlabs, SGS or CIMM laboratories in Lima, Peru. All three labs are certified assay laboratories and conform to National Instrument 43-101 standards for independent assay laboratories. Samples were initially run by 34 element ICP to determine the major-element data. Over limit values of silver (Ag), lead (Pb) and zinc (Zn) were confirmed by Ore Grade assay and gravimetric analysis with an Atomic Absorption finish. Gold values were determined by Fire Assay with an Atomic Absorption finish at Actlabs, Lima. Each laboratory employed internal quality control and quality assurance samples with the use of standards, blanks and duplicates. No field quality control samples were used in the preliminary sampling programs, however, the various programs have re-sampled some of the same dumps and outcrops as confirmation of grades with the results being comparable.
Joanne C. Freeze, P.Geo., President and CEO of Candente and Robert van Egmond, P.Geo., Independent Consultant, are the Qualified Persons as defined by NI 43-101 for the project discussed above and have visited the property and have read and approved the contents of this release.
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 20 veins with past production and more than 50 veins in total, with 6.4 million ounces of gold and 74 million ounces of silver produced historically from just two of these veins.
Candente Gold believes that the San Rafael vein system is analogous to other epithermal vein systems in Mexico such as the Fresnillo, Guanajuato, and Pinos Altos mines where gold and silver occurs over 600 to 1200 metres vertically. On this basis considerable potential for additional discoveries is present throughout the El Oro district, in particular deeper within the prolific San Rafael system which was mined to an average depth of only 200 metres.
Candente Gold also holds an extensive portfolio of 100% owned, early to mid-stage, high and low sulphidation epithermal gold projects in Peru. Several of these projects are drill-ready.
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
ShareretweetEmailPrintCompanies:Candente Gold Corp Related Quotes
Symbol Price Change
CDG.TO 0.67 0.00
{"s" : "cdg.to","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: Candente Gold Corp. On Thursday November 18, 2010, 4:00 am
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 18, 2010) - Candente Gold Corp. (TSX:CDG - News; BVLAC:CDG) ("Candente Gold") announces today the acquisition of the Casua claim from Minera Silex Peru S.R.L. Casua is a 100 hectare concession which covers part of a high grade silver vein system surrounded by Candente Gold's Tres Marias prospect in the Puno District of Southern Peru. Tres Marias hosts known high grade vein hosted silver mineralization and also shows potential for bulk tonnage high sulphidation style gold mineralization.
Tres Marias is located within an emerging epithermal gold and silver belt of southern Peru near the recent Canahuire gold deposit discovery (5.6 million ounces of gold equivalent contained in 83.7 million tonnes grading 2.1 g/t gold equivalent (http://www.goldfields.co.za/news_article.php?articleID=592)) recently announced by the Compania de Minas Buenaventura-Gold Fields Joint Venture. Several other recent discoveries and operating mines are also known in this belt, which is one of the fastest growing precious metal mining districts in Peru.
"Recent important gold-silver discoveries in this emerging area of southern Peru significantly amplify the potential of the Tres Marias property," commented Joanne C. Freeze, P.Geo., President & CEO of Candente Gold. "Concepts stemming from these discoveries have been incorporated into recent field work by Candente Gold with several targets emerging. Permitting for drilling is underway."
Since acquiring an extensive portfolio of precious metal prospects in Peru from Candente Copper in late 2009, Candente Gold has been conducting systematic evaluations of all these properties in order to prioritize them for exploration. The other 9 properties will be discussed in future news releases.
The Tres Marias property covers 7,900 hectares which are held 100% by Candente's Peruvian subsidiary Candente Gold Peru S.A. Terms of the acquisition of the 100 hectare Casua claim include a payment of US$10,000 on signing and 60,000 shares of Candente Gold to be issued in two parts - 30,000 shares on signing and 30,000 shares after 6 months.
Silver mineralization at Tres Marias is hosted in a system of veins ranging from 10 centimetres ("cm") to 2 metres ("m") in width with pervasive clay alteration and silicification occurring between the veins. Vegetation masks the full extent of mineralization and hinders determination of the actual number of veins comprising the Tres Marias system. However, the three main known veins show a fan-like outcrop pattern converging on the Casua claim, making it a highly prospective exploration target.
The most prolific vein found to date, the Pataquena, has seen only minimal near surface exploitation and exploration. It has now been traced for over one kilometer and remains open to the north and south. Silver values from surface sampling and historic mine dump piles are detailed in Tables 1 & 2.
Table 1 - Grabs From Historic Mine Dump Piles --------------------------------------------------------------------------Width(i) Silver (Oz/t) Silver (g/t) Lead Zinc -------------------------------------------------------------------------- greater than N/A 31.18 1,069 10.00% 1.88%--------------------------------------------------------------------------N/A 38.20 1,310 8.55% 1.42%--------------------------------------------------------------------------N/A 15.60 535 7.56% 2.14%--------------------------------------------------------------------------N/A 68.08 2,334 0.27% 1.19%--------------------------------------------------------------------------N/A 67.99 2,331 0.28% 1.89%--------------------------------------------------------------------------N/A 60.41 2,071 3.63% 1.70%--------------------------------------------------------------------------(i)Selected Samples With No True Width Table 2 - Chip Samples From Outcrop --------------------------------------------------------------------------Width Silver (Oz/t) Silver (g/t) Lead Zinc --------------------------------------------------------------------------1.00 11.03 378 2.05% 0.07%--------------------------------------------------------------------------0.40 14.67 503 0.18% 0.01%--------------------------------------------------------------------------0.10 13.88 476 0.54% 0.11%-------------------------------------------------------------------------- greater than 0.50 8.25 283 10.00% 1.59%--------------------------------------------------------------------------0.20 23.80 816 2.63% 3.10%--------------------------------------------------------------------------
Anomalous levels of gold have been found in soils developed on clay altered and silicified ground in distinct zones south of the vein system.
Eight kilometres south of the vein system, high sulphidation style alteration extends for one km along a prominent ridge. The high sulphidation zone includes lithologically and structurally controlled vuggy silica and hydrothermal breccias in various surface exposures. Geochemical reconnaissance of this alteration zone is underway.
Rock samples from separate sampling programs were sent to Actlabs, SGS or CIMM laboratories in Lima, Peru. All three labs are certified assay laboratories and conform to National Instrument 43-101 standards for independent assay laboratories. Samples were initially run by 34 element ICP to determine the major-element data. Over limit values of silver (Ag), lead (Pb) and zinc (Zn) were confirmed by Ore Grade assay and gravimetric analysis with an Atomic Absorption finish. Gold values were determined by Fire Assay with an Atomic Absorption finish at Actlabs, Lima. Each laboratory employed internal quality control and quality assurance samples with the use of standards, blanks and duplicates. No field quality control samples were used in the preliminary sampling programs, however, the various programs have re-sampled some of the same dumps and outcrops as confirmation of grades with the results being comparable.
Joanne C. Freeze, P.Geo., President and CEO of Candente and Robert van Egmond, P.Geo., Independent Consultant, are the Qualified Persons as defined by NI 43-101 for the project discussed above and have visited the property and have read and approved the contents of this release.
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 20 veins with past production and more than 50 veins in total, with 6.4 million ounces of gold and 74 million ounces of silver produced historically from just two of these veins.
Candente Gold believes that the San Rafael vein system is analogous to other epithermal vein systems in Mexico such as the Fresnillo, Guanajuato, and Pinos Altos mines where gold and silver occurs over 600 to 1200 metres vertically. On this basis considerable potential for additional discoveries is present throughout the El Oro district, in particular deeper within the prolific San Rafael system which was mined to an average depth of only 200 metres.
Candente Gold also holds an extensive portfolio of 100% owned, early to mid-stage, high and low sulphidation epithermal gold projects in Peru. Several of these projects are drill-ready.
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
Candente Gold: Joanne Freeze’s Candente Gold (TSX: T.CGD, Stock Forum) just added 100 hectares to its vast Tres Marias concession in southern Peru. The epithermal silver and gold prospect is the same one I visited with CEO Freeze earlier this year. If I am correct about what I saw across the windswept hills of this 7,900-acre concession in Peru’s Puno District, we have what could be one of South America’s richest “emerging” gold-silver districts 100 percent owned by one tiny company. Those who need a reminder can go back to the Ticker Trax archives for entire on-site coverage and photos. I expect Candente Gold to be publishing drill data soon from the Mexico prospect that gets all the attention: El Oro. Yet in my book – and I know in Ms. Freeze’s Peruvian-themed blood – it is Tres Marias and another clutch of Peru properties that could boost this company into a mid-tier producer of gold, silver and possibly zinc. I own the shares. – Thom Calandra.
Quelle: http://www.stockhouse.com/Columnists/2010/Dec/23/Western-Ura…
Allerdings ist Calandras Ruf nicht der beste: http://en.wikipedia.org/wiki/Thom_Calandra
Quelle: http://www.stockhouse.com/Columnists/2010/Dec/23/Western-Ura…
Allerdings ist Calandras Ruf nicht der beste: http://en.wikipedia.org/wiki/Thom_Calandra
Candente Gold Discovers New, Bulk Tonnage Gold Target on the El Oro Project in Mexico
- Discovery Hole Intersects 75 metres of 0.96 g/t gold
- New Evidence of Multiple Stacked Gold Zones
http://finance.yahoo.com/news/Candente-Gold-Discovers-New-iw…
- Discovery Hole Intersects 75 metres of 0.96 g/t gold
- New Evidence of Multiple Stacked Gold Zones
http://finance.yahoo.com/news/Candente-Gold-Discovers-New-iw…
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