Can­dente may be able to restart drilling at Ca­nari­aco

Stockwatch Daily - - MINES & METALS - Ms. Joanne Freeze re­ports

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.

We seek Safe Har­bor.

Paul Her­bert Barry, John Ernest Black, Ge­orge Dick­son El­liott, Joanne Con­stance Freeze, An­dres Juan Milla Comitre, Michael J Thicke, Sean Ivor Waller

(DNT) Shares: 180,635,805

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