Candente Copper Corp
. (TSX: T.DNT
, Stock Forum
) reported that results for the remaining two drill holes for the 2013 program at Cañariaco Sur have been received and that results to date indicate a potentially higher grade zone extends to the west of current drilling.
Results for the last two holes, CS-13-011 and CS-13-012, were likely drilled near the northwest edge of significant mineralization at Cañariaco Sur, located in western Peru.
According to the Candente Copper press release
, the highlight from CS-13-011 was 451 metres grading 0.13% copper, 0.05 grams per tonne gold and 0.8 grams per tonne silver, the highlight from CS-13-012 was 400.45 metres grading 0.12% copper, 0.03 grams per tonne gold and 0.3 grams per tonne silver.
Significant copper, gold and silver mineralization at Cañariaco Sur has now been delineated over a minimum of 800 metres from northeast to southwest, 500 metres to 700 metres northwest to southeast and to a vertical depth of at least 460 metres.
Candente is a mineral exploration company with interests in mineral exploration projects in Peru and Mexico.
On Friday, Candente was trading at $0.235 a share. The company had a market cap of $28.7 million, based on 122 million shares outstanding.