Candente Selects AMEC to Develop EIA at the Canariaco Copper Project
Monday November 27, 5:00 am ET
ca.us.biz.yahoo.com
VANCOUVER, BRITISH COLUMBIA and LIMA, PERU--(CCNMatthews - Nov. 27, 2006) - Candente Resource Corp. (TSX:DNT - News; "Candente") and AMEC (LSE:AMEC - News) are pleased to announce that AMEC, a leading international project management and engineering services company, has been awarded the Environmental Impact Assessment (EIA) Study for the Canariaco Copper Project, held by Exploraciones Milenio S.A. a subsidiary of Candente Resource Corp.
The Canariaco Norte Deposit, is a leachable copper project which as of June 26th, 2006 (News Release 170 of June 26, 2006) was estimated to have a potential cash flow of approximately $1.9B at $2.00/lb Cu. Since that time additional drilling has shown a substantial increase in the size of the deposit.
By selecting AMEC for the Canariaco Copper Project, Candente has chosen a firm with the skills and capabilities required to complete the work professionally and efficiently, and continue through to detailed engineering and construction.
AMEC has been involved in baseline programs, EIA's, environmental audits, environmental due diligences, mine closures, mine waste management and tailings dams, at numerous projects in Peru, including small, medium and world class projects for juniors and large multinational mining companies.
Candente and AMEC are committed together to ensure that the project is developed in a manner that is socially responsible and reflects sound environmental management practices in keeping with the "Equator Principles". The Equator Principles have been developed and adopted by 40 banks (EPFIs), which arrange over 75 percent of the world's project loans worldwide. The full text of the Equator Principles and FAQ about the Equator Principles can be found at www.equator-principles.com.
The Canariaco Copper Project EIA, schedule to start immediately, will be executed by AMEC's Peru office supported by AMEC's Earth & Environment Office in Burnaby. AMEC's Earth & Environmental operation is one of the largest full-service engineering consulting service providers with a network of 2,200 specialists on all aspects of earth & environmental engineering.
Canariaco Norte is located in the Western Cordillera of the Peruvian Andes in the Canaris District, at an elevation ranging between 2660 metres above sea level (masl) and 3600 masl, in a dry forest habitat. It is located 700 km northwest of Lima and 110 km to the northeast of the city of Chiclayo. The Project will utilize open pit mining, crushing, heap leaching of chalcocite, copper oxide and chalcopyrite mineralization, and a solvent extraction (SX) and electrowinning (EW) plant. All proposed technology is well proven and is in common use internationally.
Candente is a diversified copper and gold exploration company with gold, silver, copper and zinc projects in Peru and Mexico. Candente subscribes to principles which ensure that its exploration and development activities are beneficial to the local communities.
AMEC is headquartered in London and their shares are traded on the London Stock Exchange where the company is listed in the Support Services sector. www.amec.com
ON BEHALF OF THE BOARD OF DIRECTORS
Joanne Freeze, P. Geo., President & CEO
Candente Resource Corp.
Release No. 188
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.
Contact:
Kelly Gray
Candente Resource Corp.
(604) 689-1957 or Toll Free: 1-877-689-1964
Email: info@candente.com
Website: www.candente.com
Source: Candente Resource Corp. |
