Financing is Never a Problem for DNT Yanga, times were tougher and they got $30 million in financing at $2.05/share. The stock jumped from $0.30/share to over $2.60/share in a few weeks. Money is not that hard to come by when you have a huge deposit like DNT has and it is now bigger than ever given the Sur drilling results. They have $6 million cash and are in a good position going forward. Be aware that investors not in on this now will miss the opportunity when it moves up as the move up won't be slow.....it actually could be instant... Candente Copper clarifies that continue Cañariaco
Saturday May 18, 2013 | 19:04
Canadian Company ensures that the temporary suspension responds to technical reasons.
Joanne Freeze, director of Cañariaco Copper Peru, a subsidiary of Canada Candente Copper , said today that the company will continue with the project itself Cañariaco and development programs for the surrounding communities, thereby refuting versions indicated otherwise.
She said the current break in the exploration phase of said copper project, located in the district of Canaris , Lambayeque region, responds to purely technical reasons. She said that now the engineers are studying geotechnical and metallurgical testing.
"The project is at the stage of analysis of the results of the exploration work carried out recently, as always drilled exploration in stages, but we will continue on the project and see when they will start drilling again," she said.
"Only it is a technical pause to study the results we have so far, then continue with the project," she added.
She stressed the strong commitment of the company to the studies of environmental and social impact.
"We are very involved with the people because we know that this project is important, so we continue with the EIA and sustainability in different projects in reforestation and rehabilitation of the areas where the holes were made," she said.
She explained that the company is developing a number of initiatives for Canaris, as Misky called coffee, which benefits more than 200 member families, and agricultural programs, crafts and others.
"We are working with various foundations and NGOs are assisting in the organization of the community so they can work with different products, such as quinoa, as well as raising guinea pigs and carpentry work," she said.
She said the mine also works with the International Save the Children foundation for implementing health projects in the area.
The Cañariaco project involves an investment of 1,500 million dollars and was launched in 2004. Candente Copper has invested about $ 50 million in the area. The company plans to produce 262 million pounds of copper per year.https://peru21.pe/politica/candente-copper-aclara-que-continuara-proyecto-canariaco-2131673