PERU – Vancouver-based CANDENTE RESOURCE CORP. has the support of over 85% of the local Canaris community for the work it is doing at the nearby Canariaco copper-gold project. The company’s annual exploration permit was renewed, after more than 800 local citizens attended presentations made by the company and approved of future plans.
The Canariaco project, located 700 km northwest of Lima, is 100% owned by Candente. The deposit may be mined by open pit methods and metals recovered by heap leaching. The March 2007 resource estimate of the Norte zone included 643 million tonnes grading 0.45% Cu in measured and indicated resources. There is a further inferred resource estimated at 177 million t at the same grade. Within the larger resource, which contains over 8 billion lb of copper, an area designated for the starter pit contains 104 million tonnes grading 0.60% Cu.
Go to www.Candente.com to view a cross-section of drill hole results.