Field Work for Environmental Studies for Drilling Completed at Cañariaco Project
September 23 2021 - 7:00AM
Candente Copper Corp. (TSX: DNT, BVL: DNT) ("Candente Copper", "the
Company") is pleased to announce that Yaku Consultores ("Yaku") has
completed all field work required for an updated Environmental
Impact Study “EIAsd”. The EIAsd is required in order to obtain
drilling permits for the Cañariaco Project located in Northern
Peru.
Data will now be compiled such that the drilling
permit application can be submitted in approximately 6 weeks.
"The completion of this fieldwork by Yaku is
very timely as it will also form an important component of the
environmental and social aspects of the Preliminary Economic
Assessement (“PEA”) underway by Ausenco," says Joanne Freeze,
President and CEO of Candente Copper.
Candente Copper has also been collaborating with
local authorities for the maintenance and expansions of community
roads and an irrigation canal, as well as increasing internet and
mobile telephone coverage in the community. This work is part of
the Company’s commitment to the practice of Shared Value, which
joins efforts between the community, the company and the government
to ensure mutual benefit.
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.
Ausenco Engineering Inc. has been engaged to
conduct an updated PEA to evaluate a new development strategy for
the Cañariaco Norte Project. The updated PEA will evaluate new
options (identified in the recently completed Desktop Study) to
reduce both the CapEx and OpEx from the analyses conducted between
2010 and 2014. The updated PEA study is estimated to be
completed before the end of Q4 2021.
Considerations for the PEA are various initial
concentrator throughputs including 40,000; 50,000; and 60,000
tonnes per day (“tpd”) followed by a staged expansion of production
rate.
Geometallurgical modelling of the deposit and
updated smelting costs have indicated that the Outotec Roaster
proposed during previous studies will not be required, and
therefore it will not be contemplated in the PEA.
Tailings storage methodologies which could
improve ESG practices will be assessed in more detail as part of
the PEA. 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, while meeting Candente
Copper’s ESG vision.
Joanne C. Freeze, P.Geo., CEO, is the Qualified
Person as defined by National Instrument 43-101 for the projects
discussed above. She has reviewed and approved the contents of this
release.
This news release may contain forward-looking
information (as such term is defined under Canadian securities
laws) including but not limited to the potential for discovery on
the Cañariaco Property and other statements that are not historical
facts including comments regarding the timing and content of
upcoming work programs, geological interpretations, potential
mineral recovery processes, the completion of a favourable PEA and
the expected results thereof and the acquisition of various
permits. While such forward-looking information is expressed by
Candente Copper in good faith and believed by Candente Copper to
have a reasonable basis, they address future events and conditions
and are therefore subject to inherent risks and uncertainties
including those set out in Candente Copper’s MD&A. Actual
results may differ materially from those currently anticipated in
such statements. Candente relies upon litigation protection for
forward-looking statements. Factors that cause the actual results
to differ materially from those in forward-looking information
include, without limitation, metal prices, results of exploration
and development activities, regulatory changes, defects in title,
availability of materials and equipment, timeliness of government
approvals, potential environmental issues, availability of capital
and financing and general economic, market or business
conditions. Candente Copper expressly disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, except in accordance with applicable securities
laws.
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-139
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