Drilling to date at Cañariaco Sur has delineated significant copper, gold and silver mineralization which extends for a minimum of 700 metres ("m") north-south and 500m east-west and is open in all directions. "Given the grades encountered to date, the proximity of Cañariaco Sur to the Cañariaco Norte deposit, we believe that this porphyry system has the potential to add significantly to the value of the Cañariaco project, comments Joanne Freeze, CEO Candente Copper.
Drill hole CS-13-008 intersected 308.00 metres (m) averaging 0.32% copper equivalent* from 8.00m to 316.00m (0.27% copper, 0.06 g/t gold and 0.08 g/t silver) including 144.80m averaging 0.36% copper equivalent* from 8.00m to 152.80m (0.32% Cu, 0.06 g/t gold and 0.09 g/t silver), and 74.5m averaging 0.43% copper equivalent* from 241.50m to 316.00m (0.36% copper, 0.10 g/t gold and 1.10 g/t silver).
Drill hole CS-13-009 intersected 115.50m averaging 0.36% copper equivalent* from 9.50m to 125.00m (0.31% copper, 0.06 g/t gold and 1.2 g/t silver) within a larger interval of 289.20m averaging 0.22% copper equivalent* from 0.00m to 289.20m (0.19% copper, 0.04 g/t gold and 0.7 g/t Ag).
Drill hole CS-13-010 drilled to 425.75m intersected weakly mineralized copper and gold along the entire length of the hole. This intersection may indicate the eastern flank of the copper-gold porphyry system at Cañariaco Sur however, soil geochemistry and geophysics indicates the system could extend further to the east.
Drill holes CS-13-008 and 009 were collared from the same platform, approximately 250m south of holes CS-13-004 and 005 (see DNT NR46 dated February 28, 2013) and approximately 450m south of drill holes CS-13-006 and 007 (see DNT NR47 dated April 8, 2013). Hole CS-13-010 was collared approximately 300m northeast of holes CS-13-008 and 009.
Hole CS-13-008 was drilled to 525.65m at an azimuth of 180