High Grade Gold and Silver sampled on the Cocula Gold Project Mexico
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High Grade Gold and Silver sampled on the Cocula Gold
Project Mexico
Vancouver, British Columbia, October 29th, 2020. Candente Gold Corp. (TSXV:CDG ) ("Candente Gold”
and/or the “Company”) is pleased to announce that high grade gold and silver has been sampled on the
Cocula project.
As reported in News Release dated, October 22 nd, 2020, samples collected to check historical reporting
confirmed grades of 5.663 grams per tonne (“g/t”) gold over 6 metres and 4.322 g/t gold over 8 metres in
quartz breccia bodies which we understand are typical throughout the deposit.
In addition, higher grades of 59.0 g/t gold and 729 g/t silver have been found in a selected sample over 10
centimetres (“cm”) in the hanging wall of a quartz vein-breccia structure near the portal of a collapsed adit.
We understand mineralization was previously exploited from this adit on a small scale using a flotation
recovery process but the Company has not found any formal production records. The mineralization in the
high grade sample is described as dark grey to milky white banded quartz in vein and breccia with galena,
pyrite and quartz crystals filling open spaces . A channel sample collected over 0.75 m adjacent to the
selected sample and including part of the hanging wall, only returned 0.182 g/t gold and 18.9 g/t silver. The
channel sample comprised milky white and gray to dark gray quartz breccia vein with fine grained pyrite ,
+1% galena and trace malachite. The Company understands that the high grades are coming from a
bonanza zone for which we have no idea of the size or extent yet. Due to the nature of the high grades , the
bonanza zone samples were check assayed in a second laboratory. The two lab oratories used are the Alti
Plano Gold Silver laboratory in Matehualas , San Luis Potosi, Mexico owned by Reyna Mining and
Inspectorate Laboratory owned by Bureau Veritas who prepare their samples in Durango, Mexico and
conduct sample analyses in Vancouver, Canada.
Base metal assays and multi-element ICP analyses are still pending for the rock check samples as are results
from preliminary metallurgical testing.
The due diligence work is being conducted by Ing. Humberto Hernandez, Geological Engineer, member of
Asociación de Ingenieros Mineros, Metal úrgistas y Ge ólogos de M éxico and Ing. Gerardo Moreno ,
Geological Engineer and Miner, of Grupo Constructor Germo based in Durango, Mexico.
The Cocula Project area is located within the Ameca Mining District of Jalisco State which is home to Agnico
Eagle’s El Barqueño Project and Endeavor Silver’s Terronera Project.
Please see News Releases No. 084 and 086 dated September 10 th, and October 22 nd, 2020 and
http://www.candentegold.com/s/cocula.asp for further details on the Cocula Project.
About Candente Gold
Candente Gold has launched a comprehensive growth strategy to build a cash flowing business platform
and gain access to properties with near surface exploration potential while maintaining El Oro as its flagship
asset and an integral part of the overall growth strategy. The a cquisition of the SDA Plant , the El Dorado
historic mines and the Cocula Project signifies an important first step.
The financial benefits from Western Mexico operations and the addition of specialized personnel will
translate across platforms to strengthen our efforts to explore and potentially mine . The Company is
NEWS RELEASE
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currently evaluating other properties that are complimentary to the SDA plant , El Dorado and the Cocula
Project.
El Oro is a district scale gold project encompassing a well -known prolific high-grade gold dominant gold -
silver 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 (Ref. Mexico Geological Service Bulletin No.
37, Mining of the El Oro and Tlapujahua Districts. 1920, T. Flores*)
Modern understanding of epithermal vein systems indicates that several of the El Oro district’s veins hold
excellent discovery potential, particularly below and adjacent to the historic workings of the San Rafael
Vein, which was mined to an average depth of only 200 metres.
Joanne C. Freeze, P.Geo., President, CEO and Director and Matthew Melnyk, CPG., Director Operations
and Director are Qualified Person s as defined by National Instrument 43- 101 for the projects discussed
above, however they have not been able to visit the Cocula Project recently due to COVID virus travel
restrictions. The work discussed in the News Release is either historical and documented by public records
or conducted by Mexican professionals with qualificat ions similar to those of QP’s registered in Canada.
Ms. Freeze and Mr. Melnyk have reviewed and approved the contents of this release.
Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy
or accuracy of this release.
Forward-looking Information
This news release may contain forward -looking information (as such term is defined under Canadian
securities laws) including but not limited to information regarding the potential for and other statements
that are not historical facts. While such forward -looking information is expressed by Candente Gold in
good faith and believed by Candente Gold to have a reasonable basis, they address future events and
conditions and are therefore subject to inheren t risks and uncertainties including those set out in
Candente Gold’s MD&A. Factors that cause the actual results to differ materially from those in forward-
looking information include, without limitation, gold prices, results of exploration and developmen t
activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of
government approvals, potential environmental issues, availability of capital and financing and general
economic, market or business conditions. Cand ente Gold expressly disclaims any intention or obligation
to update or revise any forward -looking information, whether as a result of new information, future
events or otherwise, except in accordance with applicable securities laws.
On behalf of the Board of Candente Gold Corp.
“Joanne Freeze” P.Geo.
President, CEO and Director
For further information please contact:
Joanne Freeze
President & CEO
Tel: + 1 (604) 689-1957
NR 087