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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (8362)	5/20/2004 11:40:36 PM
From: rubbersoul	Read Replies (1) \| Respond to of 313057

Thanks, Claude. So the shares outstanding for both companies are similiar. Did FGX have as many quality prospects as CKG has now? John

To: Claude Cormier who wrote (8362)	5/21/2004 7:08:00 AM
From: TheSlowLane	Read Replies (1) \| Respond to of 313057

Claude, if you have a second, I'd be interested to hear what you think about the latest bits from Candente. They haven't put a drill into it yet, but that will happen within a few weeks. Thanks! New High Resistivity Target In Ana Zone, Alto Dorado, Northern Peru -------------------------------------------------------------------------------- Vancouver, British Columbia, May 20, 2004: Candente Resource Corp. - DNT:TSX-V ("Candente") is pleased to report that a new high resistivity zone has been identified by geophysics in the Ana Zone of the Alto Dorado Property. The new zone has been traced over 1.8 kilometres (km) in length and 600 metres in width to date. Work is continuing to delineate the full extent to this zone. The Ana high resistivity zone is buried and appears to be associated with outcropping vuggy silica zones which have anomalous levels in gold (0.798 grams per tonne (gpt)), silver (390 gpt) and mercury (21,376 parts per billion (ppb)). This geochemical signature is common in the upper levels of a gold rich system. The Ana resistivity zone has a funnel shape which is the form expected for a mineralizing system with a vertical path for fluids and a horizontally altered body. A contract for diamond drilling has been signed with Kluane Drilling of Vancouver, B.C. Kluane has advised that they plan to mobilize the drill to the property within two weeks. Kluane uses a very portable rig requiring no road building and minimal site disturbance. The Ana Zone is the second largest high sulphidation zone known on the property and lies 3 km west-southwest of the Toril Zone. The Toril Zone covers a minimum area of 3 km by 1.8 km and has drill targets comprising high resistivity zones also identified by TDEM underlying gold-bearing vuggy silica breccias. A third gold-silver zone outcrops within the Olla target area and lies 4 km south of the Ana Zone. Porphyry gold-copper mineralization underprints the high level (sulphidation) gold and gold-silver zones. All three zones and several smaller gold and gold-silver targets occur over a 15 km arc of alteration on the property. The high sulphidation gold and gold-silver targets have similarities to the Yanacocha and Pierina gold mines and Barrick's recent gold discovery, Alto Chicama, 36 km to the north-northwest. Average gold grades in these deposits are from 1 to 3 gpt and cut-off grades are 0.35 gpt. Approximately 3,000 m of core drilling are planned for the Alto Dorado property. Drill targets have been delineated, by geological mapping, rock chip sampling, trenching and geophysical surveys comprising 204 line km of magnetics and 90 line km of Time Domain Electromagnetic Soundings (TDEM) surveys. An additional 10 line km of TDEM and 30 line km of Induced Polarization (IP) surveys are planned to delineate additional drill targets. Similar geophysical surveys have previously been used in Peru to assist in the discovery of ore bodies with mineralization similar to that being found on the Alto Dorado Property. For more technical details please refer to: candente.com