Canariaco Copper Project, Lambayeque
Caņariaco Norte is a 100% owned feasibility-stage porphyry copper deposit within a prolific trend of producing mines and known deposits in northern Peru.
Since 2004, Candente Copper has drilled more than 72,000m in over 240 drill holes to define a 9 billion pound copper / 10.3 billion pound copper equivalent deposit, with excellent expansion potential through two nearby, 100% owned porphyry targets.
In March 2011 the full Pre-Feasibility
Study progress report was completed and
returned exceptional economics, with an
after-tax Net Present Value of US$1,063B
and an Internal Rate of Return of 18.8%
using the base case US$2.25 copper and
an 8% discount rate.
Candente Copper Corp
Candente Copper is a diversified exploration and development company with copper and zinc projects in Peru.
The most advanced project is the large scale Caņariaco Norte copper deposit located in Northern Peru with a Measured and Indicated Resource of 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.
Candente Copper Shareholder Rights Plan Becomes Effective Vancouver, British Columbia
Thu Oct 13, 2011
Candente Copper Corp. (TSX:DNT, BVL:DNT, US:CDOUF) ("Candente Copper" or the "Company") is pleased to announce that the Shareholder Rights Plan, approved by the Company's shareholders at the Annual General and Special Meeting on August 23, 2011, became effective on October 6, 2011 following the completion of the previously announced spin-out of Cobriza Metals Corp. by the Company.
Read more at
Candente News Releases.