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Flash Player is required to play this animation ![]() Candente is a diversified exploration and development company with copper, gold, silver, and zinc projects in Peru and Mexico. The most advanced project is the large scale Caņariaco Norte copper deposit located in Northern Peru with a measured and indicated resource of 622 million tonnes of 0.46 percent copper, 0.07 g/t gold and 1.8 g/t silver (0.52% Cu equivalent, containing 6.47 billion lbs Cu, 1.43 million oz Au and 36.5 million oz Ag). A Preliminary Economic Assessment (PEA -- Scoping level) completed in December 2008 demonstrates that the project has strong economics at consensus long term copper prices. A second mineralized copper porphyry has been discovered adjacent to the Norte deposit and excellent potential exists for discovery of a third porphyry deposit, which offer the potential to significantly expand the scope of the Canariaco project. With the successful completion of the PEA on the Canariaco Norte copper-gold-silver project, management is now working on strategies for the resumption of exploration work on its gold and silver properties. Candente holds a portfolio of promising gold and silver projects including the historic El Oro mine in Mexico and the Tres Marias, Lunahuana, Oro Queropalca, Fredito and Alto Dorado exploration projects in Peru. The El Oro mine produced approximately 20 million gold equivalent ounces over 50 plus years of operation. The mineralized structures have been drill intersected below the historical workings and evidence shows excellent potential for additional ore shoots below past production levels. In addition, excellent potential also exists for discovery of parallel vein systems in a previously undrilled area. The Peruvian projects are earlier stage properties on which exploration by Candente has identified the potential for multi-million ounce deposits and several are drill ready. Candente's Management Team and Board of Directors are comprised of senior mining industry executives who have a track record in the discovery and development of copper, gold and silver deposits. Candente subscribes to principles, which ensure that exploration and development activities are consistent with best practice and beneficial to the local communities. |
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