Candente Resource Corp. - DNT:TSX-V ("Candente") is pleased to report that a new gold-silver target has been identified by mapping and rock chip sampling within the Alto Dorado Property. The new target has a high level epithermal signature with gold grades of up to 15 grams per tonne (gpt) and silver of up to 117 gpt in an extensive siliceous quartz stockwork zone covering a minimum area of 500 by 300 metres (m).
Diamond drilling will commence on the property in May of 2004. The drilling will be carried out by Kluane Drilling of Vancouver, B.C. which uses a very portable rig requiring no road building and minimal site disturbance. Approximately 3,000 m of core drilling are currently planned for the Alto Dorado property. Eleven drill targets have been delineated to date, by geological mapping, rock chip sampling, trenching and geophysical surveys comprising 204 line kilometres (km) of magnetics and 40 line km of Time Domain Electromagnetic Soundings (TDEM) surveys. An additional 60 line km of TDEM and 30 line km of Induced Polarization (IP) surveys are planned to delineate additional drill targets. Similar geophysical surveys have previously been used in Peru to assist in the discovery of ore bodies with mineralization similar to that being found on the Alto Dorado Property.
Six other high level gold and gold-silver targets have also been identified over a 15 km arc of alteration on the property. Porphyry gold-copper mineralization underprints the high level (sulphidation) gold and gold-silver zones. Some of the high sulphidation gold and gold-silver targets have similarities to the Yanacocha and Pierina gold mines and Barrick's recent gold discovery, Alto Chicama, 36 km to the north-northwest. Average gold grades in these deposits are from 1 to 3 gpt and cut-off grades are 0.35 gpt.
One of the largest gold zones on the Alto Dorado property, Toril, covers a minimum area of 3 km by 1.8 km and has drill targets comprising five highly resistive zones identified by TDEM underlying gold-bearing vuggy silica breccias. In the breccias, gold grades ranging from 0.5 to 3.6 gpt have been obtained from 27 samples of outcrops, trenches and pits. A second gold-silver zone, Ana, also has a highly resistive drill target identified by TDEM.
For more technical details please refer to: http://www.candente.com/s/Projects_Peru.asp
Candente is a well-funded mineral exploration company focused on the acquisition and exploration of world-class gold and copper projects. Management has a strong geological/technical focus and a track record of discovering world-class mineral deposits. Candente has a policy of ensuring that its exploration and development activities are beneficial to the local communities. For more information visit www.candente.com, call us at (604) 689-1957, toll free 1-877-689-1964 or e-mail to info@candente.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Joanne C. Freeze"
Joanne C. Freeze, P.Geo., President & CEO
CANDENTE RESOURCE CORP.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The company relies upon litigation protection for forward-looking statements.