Non Politically Correct Gold and Resource Stock Discussion G Message Board

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Gold/Mining/Energy : Non Politically Correct Gold and Resource Stock Discussion G

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From: Nikole Wollerstein	7/4/2005 1:04:29 PM
	of 180

CANDENTE RESOURCE CORP already 350 ooo vollume today up to0.67 "Canariaco Norte copper porphyry system covers a minimum area of 1.2 by 1.0 km (114 hectares) as indicated to date by 23 drill holes and several outcrop exposures. The system is open in all directions laterally and to depth. Only 15 of the holes were drilled at spacings close enough to be included in a preliminary inferred resource estimate. The area over which the resource was estimated is only 300m by 300m (14 hectares) and is believed to make up less than 15% of the known surface expression of the porphyry system. The preliminary inferred resource estimates 76.5 million tonnes grading 0.614% copper (Cu) and 0.099 grams per tonne (gpt) gold (Au) at a cut-off grade of 0.30% copper. Contained metal in the inferred resource equals 1,035 million pounds of copper and 243,000 ounces of gold. Copper grades in the mineralized zones intersected by Candente's twelve holes average 0.67% over 167m with higher grade intersections including: 0.71% over 234m; 0.85% over 205m; and 1.01% over 96m. All of the twelve holes bottomed in significant copper mineralization grading from 0.54% to 1.00% Cu. Candente drilled 12 of the 15 holes used in the resource in a Phase One program in 2004. The other 11 holes were drilled by previous explorationists between 1974 and 1999. The Canariaco property has excellent road access, infrastructure, elevations (2100 to 3200m), water and potential for a very low strip ratio. Drilling is being conducted by the same company as in 2004, Pac Rim S.A., using a very portable rig, which requires no road-building, incurs minimal site disturbance and achieves excellent core recoveries. The program is expected to take two months to complete. Results are expected to be received starting in 4 to 6 weeks and will be announced as significant zones are delineated. Environmental permits are in place, which allow a total of 100 holes to be drilled on the property before additional permitting is required. In addition to Canariaco Norte there are two other porphyry targets on the property "

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