VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/28/13 -- Candente Gold Corp. (TSX: CDG)(LMA: CDG) ("Candente Gold") is pleased to provide an update on the continuing definition of gold-silver mineralization at its El Oro Project in central Mexico. Following a recent Director's visit to the property, Candente Gold is of the opinion that the El Oro project has met a major milestone in the ongoing compilation of the historical work by identifying previously unrecognized and untested controls for potential higher grade mineralization.
The Company's drill strategy in 2007, 2010 and 2011 was to drill test near surface, down-dip and along strike mineralization. The results demonstrated that gold and silver mineralization in both the San Rafael Vein and in parallel veins extends over much greater dimensions, both laterally and vertically, than what was interpreted from historic mining. Candente Gold sees considerable potential for expanding gold-silver mineralization discoveries at El Oro. Controls to higher grades include: oxidized portions of the veins near faults; vein splits; horizontal faults; and along rheological or competency contrasts. A new Vulcan 3D model of the San Rafael vein segment currently being generated will aid greatly in targeting potentially higher grade blocks within the district.
The model is planned to be completed in March 2013 at which time new drill targets will be delineated and announced.
Recognizing that controls to the higher grades were not clearly understood and that an immense amount of recently discovered historical data had not been previously considered, the Company has focused recently on the generation of an integrated 3D model of a 1.2 km long segment of the 3.5 km long San Rafael Vein to include: all known underground workings; 2700 two-meter grade control assay level plans; 143 drill hole assays (many with poor core recoveries); surface geochemistry; favorable alteration and structures as well as lithologic contacts amenable to mineralization. On-going work includes characterization of known vein segments via a vein intercept study including: fluid inclusion studies; metal ratios; metal contents; vein textures and mineralogy; sulphide contents; as well as alteration and gangue mineralogy.
"We anticipate that our newly improved understanding of local and district-scale mineralization controls will facilitate making new discoveries, expand the known mineralized zones within the San Rafael and Verde gold-silver vein systems, explore the remaining 16 blind veins in the eastern El Oro District and find mineralization in the 28 veins in the western Tlalpujahua Mining District, where silver-rich gold veins and stockwork are exposed over 100's of meters on surface," stated Joanne Freeze, P.Geo., President and CEO.
Freeze continues to comment, "Our recent work shows that easterly-trending transverse faults offset veins both vertically and laterally and that gold and silver grades increase where they cross the principal NNW-trending veins of the district. This is an important discovery because most historic holes have been drilled sub-parallel to this favored mineralized trend. In addition, horizontal faults have been recognized from the old mining records that have offset vein segments laterally."
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