NEWS! CANDENTE COPPER GREATLY EXPANDS!!Candente has increased their land significantly with a new Canariaco B east of Canariaco Norte! WOW!
Candente Copper Expands the Canariaco Copper Property
2022-03-30 07:00 ET - News Release
VANCOUVER, British Columbia, March 30, 2022 (GLOBE NEWSWIRE) -- Candente Copper Corp. (TSX:DNT, BVL:DNT, US:CCOUF) ("Candente Copper" or "the Company") is pleased to announce that the Company has acquired additional mineral concessions which provide a considerable expansion to the current land position for the Canariaco copper project located in Northern Peru.
In 2019, the Canariaco property held by the Company comprised of 5 mineral concessions covering 4,290 hectares. This has now been increased to 15 mineral concessions covering 10,190 hectares. Three of the mineral concessions were acquired directly by subsidiaries of the Company in 2020 and 2021 and seven were acquired from Fortescue Peru SA on March 8, 2022. Fortescue Peru S.A. acquired these claims in late January 2020.
The new mineral rights expand the Canariaco property to the west, northwest, north, northeast and to the south.
With the financing by Lind (Candente Copper NR 147 dated March 23, 2022) underway, the Company is now completing its review of the recently completed 2022 Preliminary Economic Assessment (the "2022 PEA") by Ausenco and moving forward to issue Requests for Proposals for both the Definitive Feasibility Study and the Detailed Environmental Impact Assessment ("EIA") Study both to advance Canariaco Norte. Drilling permit applications are also being prepared for further drilling at Canariaco Sur and initial drilling at Quebrada Verde.
"We are very pleased with what is a considerable expansion of our land position with adjacent concessions to further explore and to provide additional ground around our key deposit areas whilst moving towards a Definitive Feasibility Study for Canariaco Norte," stated Joanne C. Freeze, Company President and CEO.
The recently acquired concessions are identified in the map found on the Company website here.