Rediscovering El Oro, One of the Largest and
Most Prolific High Grade Gold Districts in Mexico.
Candente Gold Corp is actively exploring the El Oro gold district in Mexico. The district contains 20 veins with past production and more than 50 veins in total, with 6.4 million ounces of gold and 74 million ounces of silver produced from just two of these veins.
The reported mine grades of the San Rafael vein, one of the district's richest producers, averaged over 10-12 g/t gold and 120-160 g/t silver over average widths of 3-10 metres. High grade bonanza shoots in San Rafael graded up to 50 g/t gold and 500 g/t silver, and in some places the vein is over 70m wide.
Modern understanding of epithermal vein systems coupled with evidence collected to date strongly indicates that many of the El Oro district's veins hold significant discovery potential, particularly below the historic workings of San Rafael, which was only mined to an average depth of only 200 metres before being shut down in the 1920s due to flooding and the low price of gold.
The vast majority of subsequent exploration & development in the San Rafael vein and El Oro district was completed prior to the mid 1900s, well before modern understanding of epithermal vein systems was achieved, such as the development of the Buchanan model.
Candente Gold believes that El Oro is analogous to other epithermal vein systems in Mexico such as the Fresnillo, Guanajuato, Pachuca and Pinos Altos mines where gold and silver have recently been discovered occurring over 600 to 1200 metres vertically, well below the historic levels of those mines.
Candente Gold earned an undivided 70% interest in the El Oro district in August 2012, with Goldcorp S.A. de C.V. retaining its 30% minority interest in the district by participating pro-rata in all future expenditures.
Candente Gold also holds an extensive portfolio of 100% owned, early to mid-stage, high and low sulphidation epithermal gold projects in Peru. Many of these projects have significant exploration completed and targets ready to be drill tested.
- March 19, 2015:
Candente Gold Appoints Acting Chief Financial Officer and Advances Testing of Tailings with Minera Arcu
- March 09, 2015:
Candente Gold Appoints Paul H. Barry as Chairman
- February 24, 2015:
Candente Gold Signs Letter of Intent for Processing Agreement of Mexico Mine Tailings
- February 12, 2015:
Candente Gold Receives Expression of Interest for Processing Agreement of Mexico Mine Tailings
- February 06, 2015:
Candente Gold closes First Tranche of Non-Brokered Private Placement
- January 14, 2015:
Non-Brokered Financing Announcement
- October 02, 2014:
Candente Gold Considers Moving its Listing from the TSX to another qualified Canadian Stock Exchange