Hunting Higher-Grade Project At Cañariaco Norte
Candente Copper Corp. (TSX:DNT) has engaged Ausenco Engineering Canada Inc. to conduct Desk Top Studies to identify and define a smaller, higher grade, start-up option for the Cañariaco Norte Project in Peru.
The company is searching for an option with a smaller initial capital expenditure and accelerated payback period. The study is expected to take 4 to 6 weeks to complete.
Management said that assuming favourable results from the Desk Top Studies the company would look to move into a Preliminary Economic Assessment (PEA) on the Revised Project Concept which would be expected to take approximately four months to complete.
Ausenco is globally recognised for providing consulting, project delivery, and asset operations services to the international mining sector including high performance copper processing and infrastructure projects. It has a 30-year track record in delivering specialised end-to-end solutions which are proven to lower capital and operating costs, reduce construction time and improve plant efficiencies.
About Candente Copper
Candente Copper is a mineral exploration company engaged in the 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.
Previous resource and engineering studies which delineated 9B lbs copper, 2M oz gold and 54M oz silver in: Measured and Indicated Resources of 752.4 million tonnes grading 0.45% copper, 0.07 grams per tonne (g/t) gold and 1.9 g/t silver (0.52% Cu equivalent) containing 7.533 B lb Cu, 1.67 M oz Au and 45.24 M oz Ag and Inferred Resources of 157.7 million tonnes grading 0.44% copper, 0.06 g/t gold and 1.8 g/t silver containing 1.434 B lb Cu, 0.3M.
