Candente Gold Corp.
TSX : CDG

Candente Gold Corp.

August 29, 2014 04:00 ET

Candente Gold Provides Voting Results for the Election of Directors and Confirms Filing of 43-101 Report on Inferred Resource Estimate

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 29, 2014) - Candente Gold Corp. (TSX:CDG) ("Candente Gold" and/or the "Company" ) is pleased to provide the voting results for the election of directors at its annual general meeting of shareholders held on August 21, 2014.

The director nominees were presented in the Company's Management Information Circular dated July 7, 2014, and shareholders re-elected all directors nominated by management. The directors will serve until the next annual general meeting of the Company. The voting results for the election of each director are as follows:

Nominee For Withheld
Joanne C. Freeze 89.11% 10.89%
Paul H. Barry 99.78% 0.22%
Larry D. Kornze 84.90% 15.10%
Peter K. M. Megaw 99.87% 0.13%
Andrés J. Milla 84.90% 15.10%
Kenneth (Ken) G. Thomas 84.90% 15.10%

The Company is also pleased to confirm that further to our news release on July 10, 2014 in respect of its inferred mineral resource estimate of the Mexico Mine tailings deposit under option from the Municipality of El Oro de Hidalgo in Mexico, the Company is pleased to advise that it has SEDAR filed a technical report titled: "National Instrument 43-101 Technical Report on the Inferred Mineral Resource Estimate of the Mexico Mine Tailings" prepared by Nadia Caira, P.Geo. and Allan Reeves, P.Geo. and dated August 25, 2014 with an effective date of July 8, 2014 (the "Technical Report"). The report is also available for review at: http://www.candentegold.com/i/pdf/reports/CDG_NI43-101-Inferred-Mineral-Resource-Mexico%20Mine-Tail.pdf

The earlier-disclosed inferred mineral resource estimate for the tailings deposit has been confirmed in the Technical Report and is as follows:

Inferred Resource Estimate*

Classification Tonnes Au g/t Ag g/t Ounces Au Ounces Ag
Inferred 1,267,400 2.94 75.12 119,900 3,061,200

Note: * Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. All figures have been rounded to reflect the accuracy of the estimate.

Qualified Person: Allan Reeves, P.Geo., Principal of Tuun Consulting, is the Qualified Person as defined by National Instrument 43-101 who is responsible for the mineral resource estimate reported above and he has reviewed and approved the disclosure of the mineral resource estimate.

Candente Gold is currently focused on advancing a potential Tailings Recovery Operation ("TRO") near the El Oro property in Mexico where the preparation of a Preliminary Economic Assessment ("PEA") is underway by JDS Energy and Mining Inc. ("JDS").

About Candente Gold

Candente Gold's flagship asset is El Oro, a district scale gold project encompassing the largest and most prolific high grade gold dominant epithermal vein system in Mexico. The project covers 20 veins with past production and more than 57 veins in total, from which approximately 6.4 million ounces of gold and 74 million ounces of silver were reported to have been produced from just two of these veins.

Modern understanding of epithermal vein systems strongly indicates that several of the El Oro district's veins hold potential for discovery of significant gold and silver mineralization, particularly below the historic workings of the San Rafael Vein, which was mined to an average depth of only 200 metres and produced 4 million ounces gold and 44 million ounces of silver.

On behalf of the Board of Candente Gold Corp.

Joanne Freeze, P.Geo., President & CEO

NR 038

Contact Information

  • Candente Gold Corp.
    Walter Spagnuolo
    Manager, Investor Relations
    mobile: +1 (604) 306-8477 or local: +1 (604) 689-1957 ext 3
    toll free: 1 (877) 689-1964 ext 3
    info@candentegold.com

    Candente Gold Corp.
    Nataly Reategui
    Investor Relations, Peru
    (511) 715-2001 ext 107
    (511) 717-1233 (FAX)
    nreategui@candente.com
    www.candentegold.com