Yaku Engaged for Environmental Assessment and Protection
18 March 2021 - 11:00PM
Candente Copper Corp. (TSX: DNT, BVL: DNT) ("Candente Copper", "the
Company") is pleased to announce that Yaku Consultores (“Yaku”) has
been engaged to conduct and continue previous baseline studies at
the Cañariaco Project located in Northern Peru. The work will be
part of environmental impact studies and habitat protection for all
exploration phases of permitting including drilling and also for
the community and regional stakeholders.
“We are excited to be moving the Cañariaco
project forward with Yaku’s environmental work and new engineering
studies underway by Ausenco. Timing couldn’t be better as Cañariaco
has been identified by both Goldman Sachs and Deutche Bank as one
of the top copper projects needed to supply the upcoming
supply-demand shortage for copper,” says Joanne Freeze, President
and CEO, Candente Copper.
Yaku is comprised of a team of highly
experienced professionals focused on providing quality
environmental and social consulting services. These services
contribute to the sustainable development of the environment and
exceed regulations.
Candente Copper has recently obtained the
respective authorizations from SERFOR and PRODUCE (Peruvian
authorities for National Forest and Wildlife Services and the
Ministry of Production) to conduct new monitoring of Water Quality,
Air Quality, Noise Levels and Biology, Wild Flora and Fauna and
Hydrobiology. Yaku has begun collecting new data within the project
area which will add significantly to the studies that Candente
Copper has been conducting such since 2004.
Given the difficult situation for the community
with the COVID-19 epidemic, the company is also collaborating with
local health facilities to assist in the protection and care of
citizens in the area surrounding Cañariaco. To date, the Company
has assisted with PPE supplies and the operation of emergency
health equipment.
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.
Please see
https://www.candentecopper.com/investors/presentations for details
from 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 oz
Au and 8.932 M oz Ag.
Details from the Cañariaco Norte Copper Project
Pre-Feasibility Study Progress Report available at
https://www.candentecopper.com/site/assets/files/5389/canariaco-pfs.pdf
estimate NPVs and IRRs of $1.06B and 17.5% at $2.50 Cu and $1.56B
and 21.5% at $2.90 Cu. The Incentive Price for Cañariaco Norte is
in the lowest quartile of top 84 copper projects worldwide named by
Goldman Sachs. Cash Costs are also in lowest quartile of the copper
industry.
Joanne C. Freeze, P.Geo., CEO, is the Qualified
Person as defined by National Instrument 43-101 for the projects
discussed above. She has reviewed and approved the contents of this
release.This news release may contain forward-looking statements
including but not limited to comments regarding timing and content
of upcoming work programs, geological interpretations, receipt of
property titles, potential mineral recovery processes, etc.
Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. Actual results
may differ materially from those currently anticipated in such
statements. Candente Copper relies upon litigation protection for
forward-looking statements.
On behalf of the Board of Candente
Copper Corp.
“Joanne C. Freeze” P.Geo.President, CEO and
Director___________________________________For further information
please contact:
info@candentecopper.comwww.candentecopper.com
NR-128
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