Candente may be able to restart drilling at Canariaco
A RECENT change in government regulations in Peru may allow Candente Copper Corp. to reinitiate drilling under the permit originally approved in August, 2014. This is the result of a new government regulation DL N 1394 (Sept. 6, 2018) which has now given environmental certificates a validity period of up to five years. The company has requested confirmation from the Ministry of Energy and Mines (MEM) and the Mining Environment Affairs Office (DGAAM) that this government regulation does apply to the company’s 2014 drilling permit. “This change in government regulations is much welcomed news as it would significantly reduce the timeline for drilling to be reinitiated. It would also enable the company to focus on a new land access agreement with the Canaris community, which is required prior to drilling. In addition, an extension to our 2014 drilling permit would allow the Ministry of Energy and Mines and the Ministry of Culture to start planning their Consulta Previa (CP) process for this area, which is also required prior to drilling,” commented Joanne Freeze, president and chief executive officer. The Consulta Previa is the process of free prior informed consent (abiding by international human rights law), which establishes bottom up participation and consultation of stakeholders, including indigenous populations, prior to exploration or development on and around ancestral land. The company’s management and social team has held several meetings and participated in a workshop with the Ministry of Culture this year to better understand the CP process.
About Candente Copper Corp.
Candente Copper is a mineral exploration company engaged in acquisition, exploration and development of mineral properties. The company is currently focused on its 100-per-cent-owned Canariaco project, which includes the feasibility-stage Canariaco Norte deposit as well as the Canariaco Sur deposit and Quebrada Verde prospect, located within the western Cordillera of the Peruvian Andes in the Department of Lambayeque in Northern Peru. Joanne C. Freeze, PGeo, CEO, and Michael Thicke, PGeo, are the qualified persons as defined by National Instrument 43-101 for the projects discussed above. They have reviewed and approved the contents of this release.
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Paul Herbert Barry, John Ernest Black, George Dickson Elliott, Joanne Constance Freeze, Andres Juan Milla Comitre, Michael J Thicke, Sean Ivor Waller
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