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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/28/13 -- Candente Copper Corp. (TSX: DNT)(PINKSHEETS: CCOXF)(LMA: DNT) ("Candente Copper" or "the Company") is pleased to report results from the second and third exploration holes of the 2013 drilling program on the Canariaco Sur porphyry copper-gold system.
Hole CS-13-004 was drilled vertically to 411 metres (m) and hole CS-13-005 was drilled from the same platform as CS-13-004 to 265m at an azimuth of 090 degrees and inclination of minus (-) 60 degrees. Highlights of these holes include:
CS-13-004: 411.30 metres (m) averaging 0.25% copper equivalent(i) from 0 to 411.30m (0.0.19% copper, 0.08 grams per tonne ("g/t") gold and 1.5 g/t silver).
-- including: 197.30m averaging 0.35% copper equivalent(i) from 214m to 411.30m (0.26% copper, 0.11 g/t gold and 2.0 g/t silver).
CS-13-005: 265 (m) averaging 0.19% copper equivalent(i) from 0 to 265m (0.15% copper, 0.05 g/t gold and 1.1 g/t silver).
-- Including: 37m averaging 0.44% copper equivalent(i) from 178m to 215m (0.36% copper, 0.10 g/t gold and 2.1 g/t silver). This intercept occurs within a broader intercept of 87m grading 0.30% copper equivalent(i) from 178m to 265m (0.25% copper, 0.06 g/t gold and 1.6 g/t silver).
Drill holes CS-13-004 and 005 were collared approximately 300 m east of drill hole CS-08-001 and approximately 500m east of hole CS-12-003.
"The second hole of the 2013 drilling program, collared 300 metres east of CS-08-001, encountered long intersections of copper and gold mineralization, thereby significantly extending the zone of copper, gold and silver mineralization at Canariaco Sur. These positive results continue to indicate that Canariaco Sur has the potential to be a large copper gold porphyry system," commented Sean Waller, President of Candente Copper.
Drill hole CS-13-006 has been completed to 409m and drilling is in progress on hole CS-13-007, currently at 363.80m.CS-13-007 is collared at the same site as CS-13-007. Results from these holes will be reported as they are received. All holes completed to date are presented in Table 1 below.
---------------------------------------------------------------------------Table 1 - Canariaco Sur, Peru: DDH Drilling Summary to February 27, 2013--------------------------------------------------------------------------- Total Length From To Width Cu Au Au Cu EqHole (m) (m) (m) (m) (%) (g/t) (g/t) (i)(%)---------------------------------------------------------------------------CS-99-001 170.50 0.00 170.50 170.50 0.26 0.16 na 0.36including 74.00 126.55 52.55 0.40 0.30 na 0.58---------------------------------------------------------------------------CS-99-002 149.50 0.00 149.50 149.50 0.33 0.08 na 0.38including 24.00 130.50 106.50 0.40 0.09 na 0.46---------------------------------------------------------------------------CS-99-03 152.50 0.00 152.50 152.50 0.08 0.03 na 0.09---------------------------------------------------------------------------CS-08-001 534.85 0.00 534.85 534.85 0.27 0.11 1.2 0.35including 146.00 534.85 388.85 0.34 0.14 1.4 0.44---------------------------------------------------------------------------CS-08-002 505.75 0.00 505.75 505.75 0.25 0.09 1.5 0.32including 69.00 290.00 221.00 0.39 0.13 1.5 0.48---------------------------------------------------------------------------CS-12-003 528.50 0.00 528.50 528.50 0.24 0.07 0.9 0.29including 10.50 250.00 239.50 0.27 0.08 0.9 0.33including 10.50 124.00 113.50 0.35 0.10 1.4 0.42---------------------------------------------------------------------------CS-13-004 411.30 0.00 411.30 411.30 0.19 0.08 1.5 0.25including 214.00 411.30 197.30 0.26 0.11 2.0 0.35---------------------------------------------------------------------------CS-13-005 265.00 0.00 265.00 265.00 0.15 0.05 1.1 0.19including 182.00 265.00 83.00 0.25 0.06 1.6 0.31including 178.00 215.00 37.00 0.36 0.10 2.1 0.44---------------------------------------------------------------------------
