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Candente Gold Reports High-Grade Gold, Silver Sampling at Cocula Gold Project

Candente Gold Corp., a Canada-based exploration company, has reported the sampling of high-grade gold and silver at the Cocula Gold Project, located in Mexico.

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In a news release dated October 22nd, 2020, Candente Gold has reported that the samples collected to verify historical reporting have confirmed grades of 5.663 grams per tonne (“g/t”) gold over 6 m and 4.322 g/t gold over 8 m in quartz breccia bodies, which have been typically found over the entire deposit.

Moreover, higher grades of 729 g/t silver and 59.0 g/t gold have been intersected in a chosen sample over 10 cm in the hanging wall of a quartz vein-breccia structure located close to the portal of a collapsed adit.

It has been discovered that mineralization from this adit was exploited earlier on a small scale with the help of a flotation recovery process. However, Candente Gold could not find any official production records related to this adit.

The mineralization found in the high-grade sample has been characterized as dark grey to milky white banded quartz in breccia and vein, where quartz, galena, and pyrite crystals were found to fill open spaces.

A channel sample obtained across 0.75 m close to the chosen sample, including a portion of the hanging wall, only returned 0.182 g/t gold and 18.9 g/t silver. The channel sample consisted of gray to dark gray and milky white quartz breccia vein with fine-grained pyrite, +1% galena, and trace amounts of malachite.

According to Candente Gold, the high grades are derived from a bonanza zone, the size or extent of which is not yet clear. As a result of the nature of the high grades, samples from the bonanza zone were check-assayed in another lab.

Reyna Mining’s Alti Plano Gold Silver laboratory located in Matehualas, San Luis Potosi, Mexico and the Inspectorate Laboratory operated by Bureau Veritas who prepare their samples in Durango, Mexico and perform sample analyses in Vancouver, Canada are the two laboratories used for this project.

Results from initial metallurgical testing, as well as multi-element ICP analyses and base metal assays, are still pending for the rock check samples.

Ing. Humberto Hernandez, Geological Engineer, member of Asociación de Ingenieros Mineros, Metalúrgistas y Geólogos de México and Ing. Gerardo Moreno, Geological Engineer and Miner, of Grupo Constructor Germo based in Durango, Mexico have been given the responsibility of performing the due diligence work.

The Cocula Project area is situated inside the Ameca Mining District of Jalisco State, which hosts Agnico Eagle’s El Barqueño Project and Endeavor Silver’s Terronera Project.

Source: http://www.candentegold.com/s/Home.asp

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