Updated PEA Commences on the Cañariaco Norte Copper Project
September 09 2021 - 7:00AM
Candente Copper Corp. (TSX:DNT, BVL:DNT) ("Candente Copper”,
“Company”) is pleased to advise that Ausenco Engineering Inc. has
been awarded the contract to conduct an updated Preliminary
Economic Assessment Study (“PEA”) to evaluate a new development
strategy for the Cañariaco Norte Project. The updated PEA study
will commence immediately and is estimated to take approximately 12
weeks to complete.
Ausenco is committed to deliver an outcome that
will leverage conceptual work completed in the recent desktop study
to maximize shareholder value through a project concept that is
financeable and executable in the current market environment.
Ausenco has a deep understanding of the spectrum of activities that
need to be executed through the PEA as well as the subsequent
phases, to reduce risk and ensure a seamless and expedited
advancement of the project.
The scope of work will include cost-effective
mining, process plant and infrastructure design concepts, as well
as managing the overall NI 43-101 PEA to drive value-adding
initiatives across the entire project, meeting Candente Copper’s
ESG vision.
“Ausenco is well positioned to deliver a PEA
which can be significant to shareholder value with their team of
innovative thinkers, extensive mineral processing expertise and
other experienced subject matter experts. They have a culture that
focuses on finding a better way to enhance project economics and
drive down capital as demonstrated during the Cañariaco Norte
desktop study and many other recent studies, on projects and
studies of comparable size and complexity to Cañariaco,” stated
Joanne Freeze.
Recent Ausenco work in Peru includes the
following projects:
- Marcobre’s Mina Justa Project PFS, FS and EPCM;
- Nexa Resources Magistral PFS;
- Antamina DBN and CCS PFS; and
- Hudbay Peru Constancia Copper FS and EPCM.
*PFS, FS, EPCM, DBN, CCS are abbreviations for:
Pre-feasibiity; Feasibility; Engineering, Construction and
Procurement Management; Debottlenecking; Crushing, Conveying and
Stockpiling.
About Candente Copper
Candente Copper is a mineral exploration company
engaged in the acquisition, exploration, and development of mineral
properties. The Company’s most advanced project is its 100% owned
Cañariaco project, which includes the Cañariaco Norte deposit as
well as the Cañariaco Sur deposit and Quebrada Verde prospect,
located within the western Cordillera of the Peruvian Andes in the
Department of Lambayeque in Northern Peru.
Joanne C. Freeze, P.Geo., CEO, Candente Copper
is a Qualified Person as defined by National Instrument 43-101 for
the projects discussed above and has reviewed and approved the
contents of this release.
This news release may contain forward-looking
statements including but not limited to comments regarding 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
Copper relies upon litigation protection for forward-looking
statements.
On behalf of the Board of Candente
Copper Corp.
“Joanne C. Freeze” P.Geo.President, CEO and
Director___________________________________For further information
please contact:
info@candentecopper.comwww.candentecopper.com
NR-137
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