Candente Copper Corp. (TSX:DNT) has unveiled an Initial Inferred Mineral Resource estimate for the portion of the Cañariaco Sur deposit drilled to date in Peru.
Additionally the mineral resource for Cañariaco Norte has been updated for purposes of the 2022 Preliminary Economic Assessment (PEA) which is nearing completion.
“We are very pleased to be able to establish this initial Inferred Resource containing 2.2 billion pounds of copper and 1.2 million ounces of gold in Cañariaco Sur,” President and CEO, Joanne Freeze, said.
“This deposit contains higher levels of gold and molybdenum than Cañariaco Norte, minimal arsenic levels and mineralisation that starts at surface.
“Cañariaco Sur has the potential to add significant value to the resources at Cañariaco Norte, two km to the northeast. The Initial Cañariaco Sur estimate is based on 15 drill holes on the eastern portion of a large geochemical anomaly which extends several hundred metres to the west and southwest.”
Higher grade phyllic style copper-gold mineralisation was intersected in the western-most hole drilled to date. Future drilling is planned for the west and southwestern sides as well as the undrilled Quebrada Verde porphyry target 1.5 km southwest of Cañariaco Sur.
“We are very excited to be nearing completion of the 2022 PEA on Cañariaco Norte with project optimisations including a smaller higher-grade starter project, a lower initial capex and opportunities to enhance ESG aspects,” Ms Freeze added.
For further information please visit: https://candentecopper.com/
