Updated PEA Planned for Cañariaco Norte Copper Project Peru
15 July 2021 - 10:00PM
Candente Copper Corp. (TSX:DNT, BVL:DNT) ("Candente Copper”,
“Company”) is pleased to advise that based on the results of the
Internal Desk Top Study by Ausenco Engineering Inc., proposals are
being requested from two international engineering firms to conduct
an updated Preliminary Economic Assessment Study (“PEA”) to
evaluate the most attractive potential development strategy for the
Cañariaco Norte Project.
Considerations for the PEA are various initial
concentrator throughputs including 40,000; 50,000; and 60,000
tonnes per day (“tpd”) followed by a staged expansion of production
rate.
Geometallurgical modelling of the deposit and
updated smelting costs have indicated that the Outotec Roaster
proposed during previous studies will not be required, and
therefore it will not be contemplated in the PEA.
Tailings storage methodologies which could
improve ESG practices will also be assessed in more detail as part
of the PEA.
“The Internal Desk Top Study identified several
opportunities with the potential to lower initial capital
expenditures (“CapEx”) while also enhancing our environmental,
social and governance (“ESG”) practices,” stated Joanne Freeze,
President and CEO. “We look forward to embarking upon an updated
Preliminary Economic Assessment (“PEA”) to evaluate the most
attractive potential development strategy.”
For more details about the Desk Top Study,
please see News Releases No. 129 and 132 (dated April 19th and June
15th, 2021)
and: https://www.candentecopper.com/news-releases/news-releases/2021.
On another matter, the Company has issued 50,000
shares to the owner of the Canyon Creek Copper Project located in
British Columbia, Canada and recently acquired under option. We
plan to conduct our initial field work on the property within a
month or two.
About Candente CopperCandente
Copper is a mineral exploration company engaged in the acquisition,
exploration, and development of mineral properties. The Company’s
most advanced project is its 100% owned Cañariaco project, which
includes the 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.
Joanne C. Freeze, P.Geo., CEO, Candente Copper
is a Qualified Person as defined by National Instrument 43-101 for
the projects discussed above and 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-134
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