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Candente Copper Corp

Overview

Company Type: Junior/Exploration
Company HQ: Canada, Vancouver
Public/Private: Public
Exchanges: TSX, BVL, US
Symbol: DNT, DNT, CCOXF
Mine Locations: Peru,Mexico
Commodities: Copper,Gold
Total Funds Required: $20,000,000

Company Description

Candente Copper is a mineral exploration company engaged in acquisition, exploration, and development of mineral properties. The Company is currently focused on its 100% owned Cañariaco project, which includes the Feasibility stage 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.

Cañariaco Project

Location of Mine: Peru, Lambayeque Region
Commodity Mined: Copper
Project Stage: Advanced Exploration
Funds Required: $20,000,000
Funds to Be Used For: Permitting,Exploration
Expected Annual Revenue: $200,000,000
Expected Annual Output: 130,000 tons

Candente Copper is developing the large scale Cañariaco Norte copper deposit located in Northern Peru. The deposit contains Measured and Indicated Resources totalling 752.4 million tonnes grading 0.45% copper, 0.07 g/t gold and 1.9 g/t silver (0.52% Cu equivalent) containing 7.533 billion pounds of copper, 1.7 million ounces of gold and 45.2 million ounces of silver. In addition, the deposit contains 157.7 million tonnes of Inferred Resources containing 1.434 billion pounds of copper. The Pre-Feasibility Study Progress Report completed on Cañariaco Norte by AMEC Americas Ltd in March 2011 concludes that with a projected annual production of 262 million pounds of copper, 39,000 ounces of gold, and 911,000 ounces of silver over a mine life of 22 years, the Cañariaco Norte project has an after-tax Net Present Value of US$912M, Internal Rate of Return of 17.2%, and payback period of 4.4 years using a long term copper price reverting to US$2.25/lb and a discount rate of 8%.
El Oro Project

Location of Mine: Mexico, El Oro
Commodity Mined: Gold
Project Stage: Advanced Exploration
Funds Required: $0
Funds to Be Used For: Permitting,Exploration
Annual Revenue: $0
Annual Output: 0 tons

Candente Gold Corp is exploring the El Oro gold district in Mexico. The district contains 20 veins with past production and more than 50 veins in total, with 6.4 million ounces of gold and 74 million ounces of silver produced from just two of these veins. The reported mine grades of the San Rafael vein, one of the district's richest producers, averaged over 10-12 g/t gold and 120-160 g/t silver over average widths of 3-10 metres. High grade bonanza shoots in San Rafael graded up to 50 g/t gold and 500 g/t silver, and in some places the vein is over 70m wide. Modern understanding of epithermal vein systems coupled with evidence collected to date strongly indicates that many of the El Oro district's veins hold significant discovery potential, particularly below the historic workings of San Rafael, which was only mined to an average depth of only 200 metres before being shut down in the 1920s due to flooding and the low price of gold. The vast majority of subsequent exploration & development in the San Rafael vein and El Oro district was completed prior to the mid 1900s, well before modern understanding of epithermal vein systems was achieved, such as the development of the Buchanan model. Candente Gold believes that El Oro is analogous to other epithermal vein systems in Mexico such as the Fresnillo, Guanajuato, Pachuca and Pinos Altos mines where gold and silver have recently been discovered occurring over 600 to 1200 metres vertically, well below the historic levels of those mines. Candente Gold now holds a 100% interest in the El Oro Project.