NFLD,...Botswood Basin,... DNT.TO
STRATEGIC PARTNERSHIP WITH GOLDCORP INC.
Goldcorp has the right to earn a 70% interest in two Newfoundland gold properties by assuming all of Candente’s
expenditure obligations and completing bankable feasibility studies by January 2010.
STAGHORN
• 2200m drill program currently underway (commenced February 2005)
• Drilling designed to test gold mineralization in 3 locations over 2.5 km:
• Area 1: 0.4 - 63 gpt gold from rock float and bedrock chip samples
from trenching
• Area 2: 0.5 – 25.8 gpt gold in grab samples
• Area 3: 1.3 – 4.8 gpt gold in bedrock and rock float samples
• Large tonnage gold potential with geological similarities to intrusion-hosted orogenic
deposits such as the 175M oz and 19M oz gold deposits at Muruntau and Kumtor
Corporate website
candente.com
WHAT'S NEW:
Mon Feb 6, 2006 : News Releases : More Expansion Of Leachable Copper Zones At Candente's Cañariaco Norte Deposit, Peru candente.com.
Wed Jan 18, 2006 : News Releases : Candente And Gallipoli Commence Drilling On Alto Dorado Gold-Copper Property In Peru
candente.com.
Thu Jan 5, 2006 : News Releases : Near Surface Leachable Copper Zones Continue To Expand At Candente's Cañariaco Norte Deposit
candente.com.
Wed Dec 21, 2005 : News Releases : Candente And Gallipoli Schedule Drilling For The Alto Dorado Gold-Copper Property In Peru
candente.com.
Thu Dec 8, 2005 : News Releases : Gallipoli Options The Alto Dorado Gold-Copper Property From Candente In Peru
candente.com.
Wed Mar 23, 2005 : News Releases : Preliminary Resource Estimate at Cañariaco Norte
candente.com
=============================================================
Don't forget Candente,..DNT.TO,..ex Barrick exploration manager is on the
board and very knowledgeable of Carlin type deposit. Good land position.
Good surface gold showings reported in 2002
Candente turns up 10 gold showings at Linear property
Candente Resource Corp DNT
Shares issued 9,240,000 Apr 17 2002 close C$0.32
Fully Diluted shares: 42 million
Feb 6, 2006 close: C$0.72
52 Wk high Jan 5, 2006: C$0.84
Thursday Apr 18 2002 News Release
Ms. Joanne Freeze reports
GOLD SHOWINGS ON BOTWOOD BASIN PROPERTY
Candente Resource has provided the following update on the Linear
property, central Newfoundland. The property is located in the Botwood basin,
currently the focus of several exploration companies and recently recognized
as similar to Nevada's Carlin trend (where 20 mines have produced a total of
50 million ounces of gold).
The Linear property is well positioned along a five-kilometre-long
gold-bearing structure in the centre of current activity. The western side of the
property is contiguous with the northeasterly striking Mustang epithermal
(Carlin-like) gold trend currently being explored by Barrick Gold with Altius
Minerals. Properties to the east and northeast of Candente's Linear property
are held and being explored by other companies.
Prior to the recognition of Carlin-Nevada-style alteration and Barricks's
involvement in the area, significant gold mineralization was found at 10
locations on the Linear property. Prospecting initially turned up visible gold in
quartz boulders along a northeasterly structure. Additional exploration,
prospecting, trenching and diamond drilling, exposed the 10 gold showings,
which occur over a two-kilometre strike length and 1.2-kilometre width. Five of
the showings contain visible gold.
Gold mineralization varies from narrower zones with higher grades such as
93.6 grams per tonne over one metre and 15.36 g/t over 2.7 metres to wider
zones of four to five metres grading two g/t to four g/t, and up to seven metres
grading one g/t to two g/t. One of the more impressive showings, the Dome,
is described as a blowout of brecciated quartz veins carrying abundant
visible gold. A seven-metre-by-10-metre area tested by four orthogonal
channel samples, gave an uncut grade of 42.9 g/t Au. To date 10 individual
veins have been noted to carry visible gold within the trenched area.
The visible gold showings all occur on the east side of the main northeasterly
structure, the Appleton Linear. On the west side of the structure, microscopic
gold occurs with sulphides including pyrite, arsenopyrite and minor bladed
stibnite.
Exploration on the Linear property will be overseen by Larry Kornze,
Candente's director of business development. Mr. Kornze has extensive
experience in the Carlin trend of Nevada as former exploration manager for
Barrick Gold and was instrumental in the Goldstrike mine discoveries (2.4
million ounces produced in 2000).
Fieldwork will be carried out to a large extent by Kevin and Allan Keats of A.S.K. Prospecting and Guiding Inc., who are responsible for many of the gold showings found over the past 15 years in central Newfoundland (Botwood area) and on the Linear property.
Management continues to be extremely pleased with exploration results in
Peru and an update on the Luna property will be issued in the near future. |
