Candente Copper Files 43-101 Technical Report for the Canariaco Norte Copper Project
December 17 2010 - 3:00AM
Marketwired
Candente Copper Corp. (TSX: DNT)(BVLAC: DNT)(WKN: GW4) ("Candente
Copper") is pleased to announce that it has filed with the Canadian
securities regulators, an NI 43-101 Technical Report dated December
15, 2010 (the "Report") in support of the Resource Estimate for the
Canariaco Norte Copper Project in Peru announced on November 1,
2010 (see Candente Copper NR 010).
The Report was prepared by AMEC Americas Limited ("AMEC"), and
can be found on SEDAR at www.sedar.com and Candente Copper's
website at www.candentecopper.com.
This Mineral Resource estimate is based on 230 drill holes and
includes the results of 15 drill holes completed after the previous
estimate by SRK Consulting (Canada) Inc. in September 2008, as well
as a review of the deposit lithology, alteration, and specific
gravities by AMEC.
David Thomas, P.Geo. and Tony Lipiec, P.Eng. are employees of
AMEC Americas Limited and are Qualified Persons as defined by
National Instrument 43-101. Mr. Thomas and Mr. Lipiec are
responsible for the Technical Report identified above and they have
reviewed and approved disclosure of the Technical Report.
A comprehensive Pre-Feasibility Progress Report under the
direction of AMEC is in the final stages of preparation and is
scheduled for release in January 2011.
About Candente Copper
Candente Copper Corp is a TSX and BVL listed mining company
focused on exploration and development of base metal mining
projects in Peru and Latin America. Candente Copper's flagship
project is the 100% owned pre-feasibility stage Canariaco Norte
copper project located in northern Peru's prolific mining
district.
David Thomas, P.Geo. and Tony Lipiec, P.Eng. are employees of
AMEC Americas Limited and are Qualified Persons as defined by
National Instrument 43-101. Mr. Thomas and Mr. Lipiec are
responsible for the Technical Report identified above and they have
reviewed and approved disclosure of the Technical Report. Sean
Waller, P.Eng., President of Candente Copper has reviewed and
approved the contents of this release.
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.
CAUTIONARY NOTE TO U.S. INVESTORS
We advise U.S. investors of terms that are not recognized by the
United States Securities and Exchange Commission ("SEC"), including
"mineral resources", "measured resources", "indicated resources"
and "inferred resources". The estimation of measured and indicated
resources involves greater uncertainty as to their existence and
economic feasibility than the estimation of proven and probable
reserves. U.S. investors are cautioned not to assume that mineral
resources in these categories will be converted to reserves. The
estimation of inferred resources involves far greater uncertainty
as to their existence and economic viability than the estimation of
other categories of resources. U.S. investors are cautioned not to
assume that estimates of inferred mineral resources exist, are
economically mineable, or will be upgraded into measured or
indicated mineral resources. U.S. investors are cautioned not to
assume that mineral resources in any of these categories will be
converted into reserves.
On behalf of the Board of Candente Copper Corp.
Sean Waller, P. Eng., President & Director
NR-013
Contacts: Candente Copper Corp. John Foulkes VP Corporate
Development mobile: +1 (604) 614-2999 or local: + 1 (604) 689-1957
ext 2 or toll free: 1 (877) 689-1964 ext 2 info@candentecopper.com
Candente Copper Corp. Walter Spagnuolo Manager, Investor Relations
mobile: +1 (604) 306-8477 or local: + 1 (604) 689-1957 ext 3
www.candente.com
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