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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (23951)	10/31/2006 8:14:20 AM
From: loantech	Read Replies (2) \| Respond to of 78416

Candente Resource Corp Symbol DNT Shares Issued 49,751,444 Close 2006-10-30 C$ 1.05 Recent Sedar Documents Candente and Orex begin drilling Pamel property 2006-10-31 07:15 ET - News Release Also News Release (C-REX) Orex Ventures Inc Ms. Joanne Freeze of Candente reports CANDENTE-OREX ANNOUNCE DRILLING UNDERWAY AT PAMEL PROPERTY, CENTRAL PERU Candente Resource Corp. and Orex Ventures Inc. started drilling on Thursday, Oct. 19, on the Pamel property in central Peru. Diamond drilling is being carried out by MDH SAC of Lima, Peru. The drill being used is a Longyear 38, which is expected to be able to core to depths of 350 to 400 metres, recovering HQ core size to 200 metres depth and reducing to NQ core size below 200 metres. Approximately 3,000 metres (9,840 feet) are planned to be drilled in eight to 12 holes. Drilling is expected to take approximately six to eight weeks to complete. Drilling is being focused on an extensive high-sulphidation-style gold-silver target. This target comprises a highly resistive body with features typical of massive silica which has been delineated over a length of two kilometres and a width of up to 500 metres by an induced polarization (IP) survey. Anomalous levels of gold, silver, lead, arsenic, barium, mercury and antimony in soils occur with or near the resistive body and continue for approximately one kilometre to the northeast. The elements mentioned above are typical of high-sulphidation gold-silver systems and their coincidence with the resistive body suggests that they are related (see news issued in Stockwatch dated July 11, 2006). The resistivity body occurs from surface to a depth of 200 metres and a high-chargeability body occurs just below this. Vuggy silica often occurs at the interface between resistive and chargeable zones. Vuggy silica is the typical host rock for gold mineralization in high sulphidation deposits such as Yanacocha, Pierina and Alto Chicama (greater than 70 million ounces gold) in Peru. At Pamel, vuggy silica float has been found where the highest gold values occur in soil samples. In addition, the host rocks at Pamel are of the same age and lithologies to those hosting the Pierina, Yanacocha and some of the Alto Chicama orebodies. Clay alterations (alunite and dickite), typical in the deposits referred to above, are also present over large areas on the Pamel property. All samples will be collected by Candente's Peruvian geologists under the supervision of a qualified person in accordance with industry standards and will be submitted to Actlabs in Lima, Peru. Michael J. Casselman, MSc, PGeo, general manager exploration and director, and Robert van Egmond, PGeo, manager exploration Peru, are the qualified persons as defined by National Instrument 43-101 for the project discussed above and have read and approved the contents of this release. Gold analyses will be carried out on a 30-gram split by fire assay with an atomic absorption (AA) finish in Actlabs laboratory in Lima. An additional 35 elements will be analyzed using inductively coupled plasma (ICP) in Actlabs laboratory in Ontario, Canada. Orex has the right to earn a 51-per-cent interest in the property by incurring exploration expenditures of $2.5-million (U.S.) over 3.5 years on the property. Candente has the right to operate all exploration over the 3.5 years. In addition to the exploration expenditure commitments, Candente received 60,000 shares in Orex upon approval of the Agreement by the TSX Venture Exchange and will receive staged share issuances totalling 250,000 shares in Orex by Jan. 31, 2008. We seek Safe Harbor.