CANDENTE RESOURCES

[Maricielo]

Esta noticia apareció hoy en el diario Correo:

Minera Cañariaco iniciará operaciones en el 2016

LIMA | Ocho mil millones de libras de cobre empezarán a ser explotadas a partir del año 2016 por la empresa Candente Resoure, en el distrito de Cañariaco, reveló el director de Energía Minas de la región, Norbil Vega Orozco. Sostuvo que para evitar problemas con las comunidades y los ronderos se viene trabajando en las relaciones comunitarias.

[Victor VE]

Ya habia salido el sábado pasado en El Comercio si mal no me acuerdo.

[alexander_7531]

Ya habia salido el sábado pasado en El Comercio si mal no me acuerdo.

Esta accion esta en caida.
Lima: DNT 0.33
Canada: DNT 0.32

[alexander_7531]

Ahora si estoy tentado a comprar DNT.
En lima cerro a $0.29

[Oscar Pezo]

Vancouver, British Columbia, July 22, 2010. Candente Copper Corp.

(TSX:DNT) ("Candente Copper") is pleased to provide a progress update on the Cañariaco Norte Copper Project Pre-Feasibility Study. A number of significant improvements to the project have already been identified and selected for inclusion in the Pre-Feasibility Study, including an increase in production rate from 75,000 to 85,000 tonnes per day, the identification of a process for the reduction of arsenic in the concentrate to non-penalty levels, and the initiation of discussions to use a proposed new port near Eten as a shared concentrate shipping facility.

Under the guidance of AMEC Americas Ltd ("AMEC"), various trade-off studies have been undertaken. Two key studies are now complete, and technical development options have been selected which are expected to significantly improve the project economics.

The first study assessed various process plant capacities and, based on the results, the production rate will be increased to 85,000 tonnes per day. This is a 13% increase over the 75,000 tonnes per day plant capacity specified in the 2008 SRK Preliminary Economic Assessment ("PEA"), and is estimated to result in a corresponding increase in annual copper production. The increase in plant throughput will be achieved by optimizing the PEA grinding circuit design, including increasing the size of the secondary ball mills and increasing the projected plant availability by 2%, which reflects current industry experience. The impact on the capital cost of the grinding circuit due to these changes is expected to be minimal as the sizes of the primary crusher and Semi-Autogenous Grinding ("SAG") mill remain unchanged from what was specified in the PEA.

In the second study, AMEC has assessed the various processing technologies currently available to reduce the content of arsenic in the copper concentrate to non-penalty levels, and they have proposed utilizing a concentrate roasting process offered by Outotec Oyj
("Outotec") of Finland. This process technology is currently being supplied by Outotec to CODELCO for a similar application at its new Ministro Hales mine in northern Chile. As part of the current metallurgical test work, samples of Cañariaco Norte flotation concentrate will be submitted to Outotec for testing to confirm the applicability of their process to the concentrate.

As previously reported in Candente Copper news release 007, a proposed new port site near the port of Eten has been selected by Candente Copper for a copper concentrate load-out facility. Eten is only 240 kms from the Cañariaco Norte mine site, whereas the port of Salaverry, which was used in the Cañariaco Norte PEA, is 420 kms from the mine site. The reduced distance will significantly reduce life-of-mine concentrate transport costs.

The new port near Eten has been proposed by Lumina Copper SAC
("Lumina") for development of a concentrate loadout facility for its El Galeno copper project in Northern Peru. Very significant positive benefits to both projects are anticipated by the development of a shared loadout facility, and Candente Copper and Lumina have initiated discussions regarding the potential of a shared-use facility.

"We are very pleased with the progress to date, as we have made several very significant improvements to the scope of project development, and we anticipate additional improvements as we continue to develop the Cañariaco Norte project through the Pre-Feasibility Study," commented Sean Waller, P.Eng., President of Candente Copper.
The Cañariaco Norte Copper Project Pre-Feasibility Study is scheduled for completion in the fourth quarter of 2010.

About Candente Copper

Candente Copper's flagship project is the 100% owned, 7.7 billion pound, feasibility stage Cañariaco Norte Copper Project located in northern Peru's prolific mining district. The Cañariaco Norte deposit contains a Measured and Indicated resource of 622 million tonnes grading 0.52% copper equivalent, and an Inferred Resource of 128 million tonnes at 0.47% copper equivalent*.
____

[Luis04]

Esta semana veo que CDG ya esta en la relacion de juniors que cotizan en la BVL, pero todavia no forma precios. Saben cuanto demora estos procesos?

[El_Diez]

No lo se que tiempo demore en formar precios, pero cuando empiece a negociarse tener acciones a precios de inicio nos va a dar luego buenas satisfacciones

[Luis04]

Alguien sabe que esta pasando con DNT ya esta a 0.38 en Lima, se filtro alguna noticia, por ahi lei que la estaban negociando a los chinos.

[Luis04]

Hoy dia cerro a $ 0.48 contra $ Canadiense 0.47 de Canada, ya se igualaron, en CDG todavia hay diferencia ojala esta semana tambien se acople y mañana la que cotiza en Lima cierre en $ 0.81.

[Lucho]

Vancouver, British Columbia, November 1, 2010. Candente Copper Corp. (TSX:DNT, BVL:DNT) ("Candente Copper") is extremely pleased to report that an updated Mineral Resource Estimate recently completed for the Cañariaco Norte copper deposit in Peru has confirmed a substantial increase in the mineral resources.

As part of the ongoing Pre-Feasibility Study of the Cañariaco Norte project, AMEC Americas Limited ("AMEC"), has re-modelled and re-classified the Mineral Resource and issued an updated, significantly larger Resource Estimate.

Highlights of the 0.30% copper cut-off Resource Estimate:

At the base case 0.30% copper cut-off grade, Cañariaco Norte's Measured and Indicated tonnage has increased by 21% and the Measured and Indicated contained copper has increased by 16% from the Mineral Resource Estimate released in September 2008 (see Candente Resource news release dated September 18, 2008).
Measured and Indicated: 752.4 million tonnes ("Mt") grading 0.45% copper containing 7.53 billion pounds of copper (0.52% copper equivalent*; 0.49% copper equivalent with gold and silver recoveries applied**).

Inferred: 157.7 Mt grading 0.41% copper containing 1.43 billion pounds of copper (0.47% copper equivalent*; 0.44% copper equivalent with gold and silver recoveries applied**).
To show sensitivity of the estimate to cut-off grade, a 0.20% copper cut-off grade was also modelled. Using this cut-off grade, Cañariaco Norte's Measured and Indicated tonnage has increased by 22% and contained copper increased by 18% from the 2008 Mineral Resource Estimate.
Measured and Indicated: 1.003 billion tonnes grading 0.40% copper containing 8.94 billion pounds of copper (0.46% copper equivalent*; 0.44% copper equivalent with gold and silver recoveries applied**).

Inferred: 293.3 million tonnes grading 0.33% copper containing 2.16 billion pounds of copper (0.38% copper equivalent*; 0.36% copper equivalent with gold and silver recoveries applied **).
"This updated mineral resource estimate will now be the basis for the Cañariaco Norte Pre-Feasibility Study currently underway, and we anticipate that it will have a very positive effect on the value of the Cañariaco Norte deposit. This new development provides further support to our conviction that Cañariaco Norte will be one of the next generation of Peruvian copper mines," commented Sean Waller, P. Eng., President of Candente Copper.


Table 1 - Mineral Resource Estimate at the Base Case 0.30% Copper Cut-off Grade

Resource
Classification


tonnes
(M)
Cu Eq*
Cu Eq**
Cu
Au
(g/t)
Ag
(g/t)
Contained Metal


Copper
(B lbs)
Gold
(M Ozs)
Silver
(M Ozs)

Measured
338.1
0.55%
0.52%
0.48%
0.08
2.0
3.587
0.870
21.635

Indicated
414.3
0.49%
0.46%
0.43%
0.06
1.8
3.945
0.799
23.602

Measured+
Indicated
752.4
0.52%
0.49%
0.45%
0.07
1.9
7.533
1.669
45.237

Inferred
157.7
0.47%
0.44%
0.41%
0.06
1.8
1.434
0.304
8.932


Resource Sensitivity at Various Copper Cut-off Grades

AMEC developed volumetrics at cut-off grades of 0.20% Cu and 0.14% Cu as well as the base case 0.3% Cu. The copper cut-off grade of 0.20% is based on operating cut-off grades of other comparable copper mines in South America. AMEC has also calculated that the marginal cut-off grade that allows for reasonable prospects of economic extraction is 0.14% copper. The following table is provided to demonstrate the sensitivity of the mineral resources to variation in copper cut-off grades.

Table 2 - Mineral Resources at Various Copper Cut-off Grades:


Measured and Indicated Resource Summary


Cu
cut-off

tonnes (M)
Cu Eq*
Cu Eq**
Cu
Au (g/t)
Ag (g/t)
Contained Metal


Copper
(B lbs)
Gold
(M Ozs)
Silver
(M Ozs)

0.30%
752.4
0.52%
0.49%
0.45%
0.07
1.9
7.533
1.669
45.237

0.20%
1003.0
0.46%
0.44%
0.40%
0.06
1.7
8.941
2.065
56.102

0.14%
1106.2
0.44%
0.41%
0.38%
0.06
1.7
9.332
2.052
61.665


Inferred Resource Summary


0.30%
157.7
0.47%
0.44%
0.41%
0.06
1.8
1.434
0.304
8.932

0.20%
293.3
0.38%
0.36%
0.33%
0.05
1.5
2.165
0.472
14.216

0.14%
419.4
0.32%
0.31%
0.28%
0.04
1.3
2.634
0.539
17.969

*Copper equivalent grade including gold and silver values and based on 100% metal recoveries. Copper grade equivalent calculation. Cu Eq% =(Cu % + ((Au grade x Au price)+(Ag grade x Ag price))/(22.0462 x Cu price x 31.0135 g/t)

**Copper equivalent grade including gold and silver, metal recoveries (gold 55%; silver 50%) and smelter returns (copper 96.5%: gold 93%; silver 90%) applied. Copper grade equivalent calculation: Cu Eq% =(Cu % + ((Au grade x Au price x Au recovery x Au smelter return%)+(Ag grade x Ag price x Ag recovery x Ag smelter return%))/(22.0462 x Cu price x 31.0135 g/t x Cu recovery x Cu smelter return%)

This updated mineral resource estimate is based on 229 drill holes and includes the results of 16 drill holes completed after the previous estimate by SRK Consulting (Canada) Inc. in September 2008, as well as a review of the deposit lithology, alteration and specific gravities. Metal prices used by AMEC for the updated resource estimate are: copper US$2.50/lb, gold US$1,035/oz and silver US$17.25/oz.

Mineral Resource Statement

The effective date of this mineral resource estimate is September 10, 2010, which represents the cut-off date for the most recent scientific and technical information used in the resource estimate. The mineral resources reported herein have been estimated using criteria consistent with the Canadian Institute of Mining and Metallurgy ("CIM") Definition Standards (2005) and in conformity with the CIM "Estimation of Mineral Resources and Mineral Reserves Best Practice" (2003) guidelines. AMEC produced an updated resource estimate for the Cañariaco Norte deposit based on drilling information and geological interpretation provided by Candente Copper. AMEC undertook quality assurance and quality control studies on the mineral resource data for the Cañariaco Norte project. AMEC concludes that the collar, assay and lithology data are adequate to support resource estimation. The updated resource model includes 16 additional drill holes completed subsequent to the previous estimate conducted by SRK Consulting in September 2008. Resources in Table 2 are categorized and tabulated within a constraining economic resource pit shell based on costs and prices evaluated by AMEC.

The marginal economic Grade cut-off calculated at 0.14% Cu is based on prices and costs reviewed by AMEC. The open pit mineral constrained resource is reported at a cut-off grade of 0.30% copper within a Lerch-Grossman resource pit shell optimized on copper, gold and silver. Copper recoveries vary from 58.8% at a copper grade of 0.10% to 93.1% recovery at a copper grade of 0.60%. Gold and silver recoveries are: 55% and 50% respectively. The metal prices used are: copper US$2.50/lb, gold US$1,035/oz and silver US$17.25/oz. The contained metal figures shown are in situ. No assurance can be given that the estimated quantities will be produced. All figures have been rounded to reflect accuracy and to comply with securities regulatory requirements. Summations within the tables may not agree due to rounding.

David Thomas, P.Geo. is an employee of AMEC Americas Limited and is a Qualified Person as defined by National Instrument 43-101. Mr. Thomas is responsible for the mineral resources reported above and he has reviewed and approved disclosure of these mineral resources.

About Candente Copper

Candente Copper Corp is a TSX and BVL listed mining company focused on exploration and development of base metal mining projects in Peru and Latin America. Candente Copper's flagship project is the 100% owned pre-feasibility stage Cañariaco Norte Copper Project located in northern Peru's prolific mining district.
____

[shemagh]

Tremendo reventón.

[Victor VE]

Candente Copper DNT MINERAS 0.60 29/10/2010 0.78 0.76 0.75 0.76 714,801 126 26.67% US$ 534,659

Volando altoooo

[daniel_ocean]

Estoy pensando entrar a DNT para corto plazo ¿como la ven, creen que vuelva a pasar de $1 como hace unos dias?

Saludos

[admin]

Hoy bajo fuerte. Yo la verdad no la uso para trading. El problema con las juniors es que no se les puede dar el seguimiento ya que no hay fundamentos, produccion, indicadores, etc. ya que no producen y no estoy en el negocio de adivinar cuando suben y cuando bajan, por que eso es lo que hay que hacer para acertar.

Suben los metales y bajan, bajan los metales y suben. Impredecibles, los que estan invirtiendo a largo plazo me imagino que no tienen ese problema, pero para los que estamos haciendo trading activo es una incertidumbre permanente.

[daniel_ocean]

Gracias por la respuesta. El proyecto se ve prometedor a largo plazo pero como mencionas su comportamiento es impredecible, subio y bajo rapidamente en unos cuantos dias.