Candente Resource Corp.

Candente Resource Corp.

January 31, 2007 05:00 ET

Candente Resource Corp.: Starter Pit Delineated at Canariaco Norte, Peru

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 31, 2007) - Candente Resource Corp. (TSX:DNT) Thomas R. Rinaldi, Vice President Operations, is pleased to report that a preliminary pit design prepared by MineFill Services, Inc. (MineFill), of Vancouver, B.C., has delineated the potential Starter Pit to target the most economic first 100 million tonnes at Canariaco Norte, Northern Peru. The Starter Pit parameters include: strip ratio, leachable copper and total copper grades.

In addition, MineFill has determined the optimum drill spacing required for the Indicated and Measured resource classifications based on a geostatistical analysis of the composited assay data at Canariaco Norte.

Infill drilling in the Starter Pit area is well advanced to upgrade the contained resource to the Indicated and Measured categories. An additional 1,750 metres are estimated to bring the Starter Pit to the Indicated category.

Of the 82 holes (26,019 m) drilled in the entire Canariaco Norte deposit to December 31, 2006, roughly 20% are estimated to outline Measured resources, 50% outline Indicated resources and 30% outline Inferred resources.

MineFill Services has been engaged to prepare a new block model and updated resource based on the 82 holes. This work is in progress and is expected to be completed in early March 2007.

Complete results, maps, cross-sections and all reports can be viewed at:

Robert van Egmond, P.Geo., Manager Exploration Peru and Michael Casselman, P.Geo., Director are the Qualified Persons as defined by NI 43-101 for the project discussed above and they have read and approved the contents of this release.

Candente is a diversified exploration company with copper, gold, silver, and zinc projects in Peru and Mexico. Candente subscribes to principles, which ensure that its exploration and development activities are beneficial to the local communities.

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. Candente relies upon litigation protection for forward-looking statements.

Release No. 195

Contact Information

  • Candente Resource Corp.
    Evelyn Cox
    (604) 689-1957 or Toll Free: 1-877-689-1964
    Candente Resource Corp.
    Tom Rinaldi
    (604) 689-1957 or Toll Free: 1-877-689-1964