Vancouver, British Columbia, March 30, 2022 (GLOBE NEWSWIRE) — Candente Copper Corp. (TSX: DNT, BVL: DNT, US: CCOUF) (“Candente Copper” or “The Company”) is located in northern Peru. Acquired additional mineral interests to significantly expand the current land location of the Vancouver Aco Copper Project.
In 2019, our assets in Canaryaco consisted of five mineral interests covering 4,290 hectares. This has now increased to 15 mineral concessions covering 10,190 hectares. Three of the mineral interests were acquired directly by our subsidiaries in 2020 and 2021, and seven were acquired from Fortescue PeruSA on March 8, 2022. Fortescue Peru SA received these claims in late January 2020.
The new mining rights will expand Canaryaco’s assets to the west, northwest, north, northeast and south.
Due to ongoing funding by Lind (Candente Copper NR 147 dated March 23, 2022), we are currently completing a review of the recently completed 2022 Preliminary Economic Assessment (“2022PEA”) by Ausenco. We are in the process of issuing a request for proposal. For both definitive feasibility studies and detailed environmental impact assessment (“EIA”) studies to advance Cañariaco Norte. A drilling permit application is also being prepared for further drilling at Cañariaco Sur and the first drilling at Quebrada Verde.
João C. Freeze, Company, said: President and Chief Executive Officer.
You can see recently acquired concessions on the map on the company’s website. here..
About Candente Copper
Our main project is Cañariaco, of which Cañariaco Norte is 10th World’s Largest Late Copper Resources and 6th Highest grade (RFC Ambrian, December 2021 and Haywood, December 2021). In addition to the Cañariaco Norte, the Cañariaco project includes the Cañariaco Sur deposit and the Quebrada Verde block, all within the trend of 4 km northeast-southwest of the prolific block in northern Peru.
We are very pleased to include Cañaria co Norte in four research reports comparing different global copper projects. RFC Ambria: Cañariaco Norte is included in the Top 10 of 23 projects that may involve third-party M & A (December 2021). Haywood: Cañariaco Norte is one of the 18 assets selected to be likely to be considered by majors considering acquisitions (December 2021). Deutsche Bank: Cañariaco Norte has been identified as one of the three projects needed to address the output gap in copper (February 2021). Goldman Sachs: Cañariaco Norte identified incentive copper prices in the lowest quartile of the world’s top 84 copper projects (October 2018).
Joanne Freeze, P. Geo. , President, CEO, and Director are qualified persons as defined in National Instrument 43-101 for the above projects. She reviewed and approved the content of this release.
This press release contains information about the future outlook in the sense of Canadian securities law (“Forecast Statement”). Forward-looking statements are usually identified by expressions such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “plan,” and “assume.” All statements that are not historical fact statements are forward-looking statements. These forward-looking statements have been prepared as of the date of this press release. We believe that the forward-looking statements in this press release are reasonable, but we do not guarantee that the expectations and assumptions of such statements will be proven to be correct. We do not guarantee to investors any forward-looking statements or performance of the Company, and due to risks, uncertainties, assumptions, and other factors, the event or result may be such. Warn that something may differ materially from what is explicitly or implied. A description of the future outlook. Such factors and assumptions include, among other things, fluctuations in market conditions. The nature, quality and quantity of the ore deposits that may be located. Metal prices; other prices and costs. Exchange rate; the company’s ability to obtain the necessary permits, consents, or approvals for the company’s activities. Our ability to access further financing and successfully or profitably produce minerals from its assets, continue expected growth, or fully execute our business strategies. In addition, there are known and unknown risk factors that may cause our actual results, performance, or outcomes to differ materially from future outcomes, performances, or outcomes expressed or implied by forward-looking statements.
Known risk factors include risks associated with exploration and project development. Need for additional financing; Calculation of mineral resources; Operational risks associated with mining and mining processing. Metal price fluctuations; the title is important. Government regulation; Obtaining and renewing required licenses and permits. Environmental responsibility and insurance; dependence on key persons. Community Opposition; Currency Fluctuations; Labor Disputes; Competition; Dilution; Our Common Stock Price and Volume Volatility. Future sale of shares by existing shareholders. And other risk factors can be found on our annual information form and other filings with Canadian securities regulators at www.sedar.com. Nevertheless Attempts have been made to identify important factors that may cause actual actions, events, or outcomes to differ materially from those described in the forward-looking statements. There may be other factors that cause an action, event, or result to be expected, estimated, or not performed as intended. Actual results and future events may differ materially from those expected in such statements and there is no guarantee that the forward-looking statements will be accurate. Therefore, readers should not place undue reliance on forward-looking statements. We undertake no obligation to update or change any forward-looking statement, except as required by applicable securities law.
Precautions for US investors
This news release uses the terms defined in “CIM Definition Standards on Mineral Resources and Mineral Reserves” of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), which are incorporated as references in the Canadian National Instrument 43-. Advise investors. 101 “Disclosure Standards for Mineral Projects”, for reporting estimates of mineral resources. These Canadian standards, including NI 43-101, differ from the US Securities and Exchange Commission (SEC) requirements set out in the Mining Disclosure Regulations under Regulation SK 1300. Regulation SK 1300 uses the same term for mineral resources, but the definition is not the same as NI 43-101 and the CIM definition standard. Regulation SK1300 uses the term “initial assessment” to assess the economics of potential projects based on mineral resources. Although this survey type has some similarities to the preliminary economic assessment, the definition and content requirements for the initial assessment are not the same as the PEA definition and content requirements under NI 43-101.
On behalf of the Board of Directors of Candente Copper Corp.
“Joao C. Freeze” P. Geo. , President, Chief Executive Officer and Director
For more information, please contact:
+1 475 455 9401
CBJ News Maker
Candente Copper Extends Cañariaco Copper Property, Canadian Business Journal
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