VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/16/13 -- Candente Copper Corp. (TSX: DNT)(PINKSHEETS: CCOXF)(LMA: DNT) ("Candente Copper" or "the Company") is pleased to report that results for the remaining two drill holes for the 2013 program at Canariaco Sur have been received and that results to date indicate a potentially higher grade zone extends to the west of current drilling.
Results for CS-13-011 and CS-13-012 are shown with all results from Canariaco Sur to date in Table 1 below. These last two holes were likely drilled near the northwest edge of significant mineralization at Canariaco Sur.
Significant copper, gold and silver mineralization at Canariaco Sur has now been delineated over a minimum of 800 metres ('m") from northeast to southwest, 500m to 700m northwest to southeast and to a vertical depth of at least 460m. Mineralization remains open to the north, west and south which indicates that the area of significant mineralization could be much larger than delineated to date.
Interpretation of results at Canariaco Sur indicate that most holes have been drilled in the potassic core with the exception of hole CS-12-003 that intersected over 200m of well mineralized phyllic alteration before continuing into mineralized potassic alteration to the end of the hole. CS-12-003 is the western-most hole drilled to date at Canariaco Sur and indicates good potential for the preservation of phyllic style mineralization to the west and southwest of this hole.
Mineralization at Canariaco Sur is part of a much larger sulphide system that extends for at least 4 kilometres NE-SW and includes the Canariaco Norte copper deposit (see below under 'About Candente Copper') to the northeast and the undrilled Quebrada Verde prospect to the southwest.
"Drilling to date indicates that Canariaco Sur has the potential to add significant value to the Canariaco Norte deposit given the extent of mineralization and the proximity to Canariaco Norte which would allow shared infrastructure and possible blending of ores. The entire system at Canariaco Sur has not been tested yet and given the presence of untested phyllic alteration there remains potential for higher grade zones, comments Joanne C. Freeze, CEO."
At Canariaco Sur, copper mineralization consists of chalcopyrite and lesser bornite occurring as disseminations and within quartz-sulphide veins and veinlets. Total sulphide content is low, averaging between 1-2%. Chalcopyrite is commonly dominant over pyrite. Copper mineralization is associated with potassic, phyllic and to a lesser extent propylitic alteration. To date, higher copper grades are generally associated with potassic alteration where bornite is commonly more abundant than other alteration types.
Potassic alteration is centred on holes CS-99-01 and 02, CS-08-01 and 02, and the lower half of CS-12-003. To the east, holes CS-13-004-006 and 008-009 show more moderate potassic alteration over propylitic alteration, and further east in the lower parts of holes CS-13-007 and 009, and all of hole CS-13-010, alteration is dominantly propylitic with pyrite content ranging from 1-3% and only anomalous copper values ie. rarely greater than 0.1% copper. Phyllic alteration is best preserved in the upper 250m of hole CS-12-003 and is characterized by quartz-sericite alteration, an obliteration of secondary biotite, and minor quartz-sulphide D-vein stockwork. Phyllic alteration is a copper-additive phase of alteration at Canariaco Sur and is open to the west and southwest.
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