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Gold/Mining/Energy : Copper - analysis

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From: LoneClone	3/5/2007 9:44:29 AM
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Candente Resource estimates 8.1B pounds of copper at Peruvian deposit Sun Mar 4, 12:46 PM siliconinvestor.com VANCOUVER (CP) - Candente Resource Corp. (TSX: DNT.TO), a junior Vancouver miner, says an updated independent mineral resource study on its Canariaco Norte property in northern Peru estimates the deposit contains up to 8.1 billion pounds of copper. The company said Sunday the latest analysis from December drilling suggests the property contains 820 million tonnes of ore grading 0.45 per cent copper, with more certain measured and indicated resource categories making up 78 per cent of the orebody. That suggests a contained metal of up to 8.1 billion pounds of copper. The previous estimates had the property containing 489 million tonnes of ore, the company said The new resource estimate is based on 82 holes drilled by Candente in December. As of last week, the company had drilled 101 holes on the deposit. "Drilling continues to both expand the size of the deposit laterally and vertically and move Inferred resources into the indicated and measured categories," the company said. Candente is a diversified mineral explorer with copper, gold, silver, and zinc projects in Peru and Mexico.

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