Nine of the properties, covering 16.1 km in southern Peru, are considered prospective for high-sulphidation gold targets.
One of the southern Peru properties, dubbed Millo, is held jointly with fellow junior
In central Peru, the Pamel property hosts the same Tertiary volcanic belt that contains the Pierina and Yanacocha gold deposits. Pamel was the first high-sulphidation target acquired by Candente as a result of the company’s initial regional exploration program, in 1997. Hydrothermal alteration typical of a high-sulphidation epithermal gold deposit covers a 2-by-4 km area.
In late February,
Candente expanded its focus to Newfoundland in early 2002 by optioning the Linear property from the KriASK Syndicate and hooking up with noted local prospectors Kevin and Allan Keats. The junior has since staked 1,500 claims based on regional and structural controls, lake-bottom sediment surveys, and the Keats’ knowledge of gold showings and anomalies. Regional exploration started in May 2002 and resulted in the optioning of several other properties in central Newfoundland, including the drill-ready Island Pond and Paul’s Pond from
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