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Candente Gold $CDG.ca Advises Closing of Private Placement and Name Change to Xali Gold Corp. $FMG.ca $MEX.ca $AGI.ca $DSV.ca

Posted by AGORACOM-Eric at 8:52 AM on Monday, November 23rd, 2020
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  • Name change to Xali Gold Corp. (pronounced “Chali”).
  • The change of name, trading symbol, CUSIP number and website is expected to take approximately two weeks

VANCOUVER, British Columbia, Nov. 23, 2020 (GLOBE NEWSWIRE) — Candente Gold Corp. (TSXV:CDG) (“Candente Gold” and/or the “Company”) is pleased to report that it has closed the non-brokered Private Placement (the “Private Placement”) previously announced (November 5th, 2020) of 4,000,000 common shares (the “Shares”) at a price of $0.05 per Share, raising a total of $200,000.

The Company also advises the decision of a name change to Xali Gold Corp. (pronounced “Chali”). Xali is known as a spiritual being that is a creative genius, stands up for its beliefs, is passionate and persistent in achieving its goals.  Xali is also a popular Nahuatl (Aztecan language) name for Sand, considered as a strong foundation and transition between water and land representing the importance of water and the fertility of land. The change of name, trading symbol, CUSIP number and website is expected to take approximately two weeks, however, the Company will advise once known as the change of name is subject to the Company’s filing requirements with the TSX Venture Exchange (“TSXV”).

The Company intends to use the net proceeds of the Private Placement to advance development of its near term gold production and near surface exploration opportunities while advancing drill targets on the El Oro project, its flagship asset, and for general working capital purposes. The Shares issued pursuant to the Private Placement will be subject to a hold period of four months and a day from the date of closing. Finder fees of $2,450 were paid.

Joanne Freeze, President and CEO, a control person of the Company, subscribed for 2,150,000 shares which is 53.75% of the Private Placement. In connection with the Private Placement, Ms. Freeze completed a cross distribution, whereby she sold 2,150,000 Shares from her holdings in pre-arranged trades (the “Cross”) over the facilities of the TSXV. Ms. Freeze has used 100% of the proceeds from the Cross to subscribe for Shares in the Private Placement. The price of the Cross was $0.05 and was in the context of the market. In addition to Ms. Freeze, there are three other subscribers whom the Company welcomes as new strategic investors, who will be instrumental in assisting us to deliver on our new growth strategy.

The Private Placement remains subject to all necessary regulatory approvals, including the final approval of the TSXV.

The issuance of Shares to Ms. Freeze pursuant to the Private Placement is considered to be a related party transaction subject to TSXV Policy 5.9 and Multilateral Instrument 61-101. Ms. Freeze intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of Multilateral Instrument 61-101 on the basis that participation in the Private Placement by Ms. Freeze will not exceed 25% of the fair market value of Candente Gold Corp’s market capitalization. The Private Placement has been approved by the board of directors of the Company.

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 acquisition of the SDA Plant, the El Dorado historic mines and the Cocula Project signify important initial steps.

The financial benefits from Western Mexico operations and the addition of specialized personnel will translate across platforms to strengthen the Company’s efforts to explore and potentially mine areas demonstrated to contain mineralization of value. The Company is currently evaluating other properties that are complementary 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 Persons as defined by National Instrument 43-101 for the projects discussed above, however, they have not been able to visit the El Dorado or Cocula Projects nor the SDA Plant 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 qualifications 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.

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                                                                 
[email protected]

Candente Gold $CDG.ca Advises that the Previously Announced Private Placement is Fully Subscribed $FMG.ca $MEX.ca $AGI.ca $DSV.ca

Posted by AGORACOM-Eric at 9:06 AM on Thursday, November 12th, 2020
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VANCOUVER, British Columbia, Nov. 12, 2020 (GLOBE NEWSWIRE) — Candente Gold Corp. (TSXV:CDG) (“Candente Gold” and/or the “Company”) is pleased to advise that the previously announced (Nov 5th, 2020) non-brokered private placement (the “Private Placement”) of 4,000,000 common shares (“Shares”) at a price of $0.05 per Share for a total of $200,000 has been fully subscribed.

Joanne Freeze, President and CEO, a control person of Candente Gold Corp., has subscribed for 53.75% of the Private Placement. In addition to Ms. Freeze there are three other subscribers. Closing of the Private Placement is expected to be completed within one week.  

The Company intends to use the net proceeds of the Private Placement to advance development of its near term gold production and near surface exploration opportunities while advancing drill targets on the El Oro project, its flagship asset, and for general working capital purposes. The Shares issued pursuant to the Private Placement will be subject to a four month hold period from the date of closing. Finder fees of approximately $2,450 will be paid. No warrants will be issued as part of this private placement.

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 acquisition of the SDA Plant, the El Dorado historic mines and the Cocula Project signify important initial steps.

The financial benefits from Western Mexico operations and the addition of specialized personnel will translate across platforms to strengthen the Company’s efforts to explore and potentially mine areas demonstrated to contain mineralization of value. The Company is 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 Persons as defined by National Instrument 43-101 for the projects discussed above, however they have not been able to visit the El Dorado or Cocula Projects nor the SDA Plant 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 qualifications 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.

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                                                                 
[email protected]

Candente Gold $CDG.ca Announces Cross Distribution and Private Placement $FMG.ca $MEX.ca $AGI.ca $DSV.ca

Posted by AGORACOM-Eric at 10:59 AM on Thursday, November 5th, 2020
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VANCOUVER, British Columbia, Nov. 05, 2020 (GLOBE NEWSWIRE) — Candente Gold Corp. (TSXV:CDG) (“Candente Gold” and/or the “Company”) is pleased to announce that a it intends to complete a non-brokered private placement (the “Private Placement”) of up to 4,000,000 common shares (“Shares”) at a price of $0.05 per Share for gross proceeds to the Company of up to $200,000.

Joanne Freeze, President and CEO, a control person of Candente Gold Corp., will subscribe for a minimum of 50% of the Private Placement. In connection with the Private Placement, Ms. Freeze plans to complete a cross distribution, whereby she will sell up to 2,000,000 Shares from her holdings in pre-arranged trades (the “Cross”) over the facilities of the TSX Venture Exchange Inc. (the “TSXV”). Ms. Freeze will use 100% of the proceeds from the Cross to subscribe for Shares in the Private Placement.   The price at which the Cross is completed will be determined in the context of the market.

The Private Placement and the Cross remain subject to all necessary regulatory approvals, including the approval of the TSXV.

The Company intends to use the net proceeds of the Private Placement to advance the recently launched growth strategy to build a cash flowing business platform and gain access to properties with near surface exploration potential while advancing drill targets on the El Oro project, its flagship asset, and general working capital purposes. The Shares issued pursuant to the Private Placement will be subject to a four month’s hold period from the date of closing.

The issuance of Shares to Ms. Freeze pursuant to the Private Placement is considered to be a related party transaction subject to TSXV Policy 5.9 and Multilateral Instrument 61-101. Ms. Freeze intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of Multilateral Instrument 61-101 on the basis that participation in the Private Placement by Ms. Freeze will not exceed 25% of the fair market value of Candente Gold Corp’s market capitalization. The Private Placement has been approved by the board of directors of the Company.

This press release will not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any state in which such offer, solicitation, or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws.

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 acquisition of the SDA Plant, the El Dorado historic mines and the Cocula Project signify important initial steps.

The financial benefits from Western Mexico operations and the addition of specialized personnel will translate across platforms to strengthen the Company’s efforts to explore and potentially mine areas demonstrated to contain mineralization of value. The Company is 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 Persons as defined by National Instrument 43-101 for the projects discussed above, however they have not been able to visit the El Dorado or Cocula Projects nor the SDA Plant 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 qualifications 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.

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                                                                 
[email protected]

Candente Golds $CDG.ca Samples High Grade Gold and Silver on the Cocula Gold Project, Mexico $FMG.ca $MEX.ca $AGI.ca $DSV.ca

Posted by AGORACOM-Eric at 8:54 AM on Thursday, October 29th, 2020
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VANCOUVER, British Columbia, Oct. 29, 2020 (GLOBE NEWSWIRE) — 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 22nd, 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 laboratories 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, Metalúrgistas y Geólogos de México 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 10th, and October 22nd, 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 acquisition 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 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 Persons 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 qualifications 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 inherent risks and uncertainties including those set out in Candente Gold’s MD&A. Factors that cause the actual results to differmaterially from those in forward-looking information include, without limitation, gold prices, results of exploration and development 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. Candente Gold expressly disclaims any intention orobligation 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       

Candente Gold $CDG.ca Completes Due Diligence on Cocula Gold Project Mexico $FMG.ca $MEX.ca $AGI.ca $DSV.ca

Posted by AGORACOM-Eric at 8:59 AM on Thursday, October 22nd, 2020
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  • Candente believes the Conceptual Exploration Targets have potential grading from 0.5 g/t Au to 2.75 g/t Au containing between 50,000 and 100,000 oz Au

VANCOUVER, British Columbia, Oct. 22, 2020 (GLOBE NEWSWIRE) — Candente Gold Corp. (TSXV:CDG) (“Candente Gold” and/or the “Company”) is pleased to announce that a due diligence site visit to the Cocula Gold Project in Jalisco, Mexico has been completed. Samples were collected to check historical reporting and also to conduct preliminary metallurgical test work to assist in determining the best methods for processing material from the deposit.

The most extensive work on the Cocula Project to date was conducted by Timmins Gold Corp. (“Timmins”) between 2007 and 2011. Timmins delineated disseminated gold, silver, lead, zinc and copper mineralization as well as higher grade zones of the same metals. The mineralization has been found, to date, near and at-surface, over an 800m length and 54 metre depth within a NW-SE trending fault zone.

Timmins work comprised comprehensive exploration which included geological mapping, geochemical sampling, trenching, Reverse Circulation (“RC”) drilling (1,974 meters (“m”)) and leach testing.  Significant results from the RC drilling and trenching included 54m grading 4.97 grams per tonne (“g/t”) gold in a trench across the center of the mineralized area. An RC hole drilled beneath this trench encountered 37.5m grading 1.3 g/t gold including 7.5m grading 5.8 g/t from surface to a 7.5m depth.

The Company has reviewed the above as well all reports and data available and considers there is potential for conceptual exploration targets including a lower grade bulk tonnage, potentially leachable deposit as well as a higher grade/lower tonnage core of the deposit. Based on all of the existing exploration data and previous resource estimates to date the Company believes the Conceptual Exploration Targets have potential for: 500,000 to 6,000,000 tonnes grading from 0.5 g/t Au to 2.75 g/t Au containing between 50,000 and 100,000 oz Au with secondary credits from silver, lead, zinc and copper. The above is based on exploration to date by Timmins and other and does not include additional exploration potential. The potential quantity and grade described above is conceptual in nature, that there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Check sampling conducted by Ing. Humberto Hernandez, Geological Engineer, member of Asociación de Ingenieros Mineros, Metalúrgistas y Geólogos de México, has confirmed grades of 5.663 g/t gold over 6 metres and 4.322 g/t gold over 8 metres in quartz breccia bodies which also contain galena and sphalerite.

Samples have also been collected for preliminary metallurgical testing to assist the Company in identifying potential opportunities for a leaching and/or a flotation operation. Some of the extraction processes being considered could involve the use of the recently optioned SDA plant in Acaponeta.  This work is being overseen by 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 Release No. 084 dated September 10th, 2020 and http://www.candentegold.com/s/cocula.asp?ReportID=885846 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 acquisition 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 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 Persons 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 qualifications 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.

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                                                                 
[email protected]

Candente Gold $CDG.ca Secures Cornerstone for New Growth Strategy $MEX.ca $AGI.ca $DSV.ca

Posted by AGORACOM-Eric at 12:52 PM on Monday, September 28th, 2020
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  • Signed the Definitive Agreement to earn up to a 100% interest in the San Dieguito de Arriba beneficiation plant

VANCOUVER, British Columbia, Sept. 28, 2020 (GLOBE NEWSWIRE) — Candente Gold Corp. (TSXV:CDG) (“Candente Gold” and/or the “Company”) is pleased to advise that the Company has signed the Definitive Agreement (in keeping with the Memorandum of Understanding (“MOU”) signed April 28 th , 2020) with Magellan Acquisition Corp. (“Magellan”) which gives Candente Gold the right to earn up to a 100% interest in the San Dieguito de Arriba beneficiation plant (“SDA Plant”) and take over their rights to a lease agreement on the El Dorado Property, both located in Nayarit State, Mexico.

SDA Plant

The SDA plant consists of a flotation plant which also includes a precious metals leach circuit – Merrill Crowe system and associated assets, licenses and agreements.   The plant has a ten year operating history at 100 tonnes per day but can be expanded to process mined material at a rate of up to 200 tonnes per day.   Historically its operation has been based on sales of flotation concentrates to smelters, and payment for precious metals content.   The plant lies within the rich Sierra Madre Occidental mineralized belt, which historically has yielded millions of ounces (“oz”) of precious metals and offers multiple high grade gold and silver epithermal vein opportunities.

The mill was operational from 2007 (by Minerales Vane S.A. de C.V.) until April 2017, processing material from various operations in the region on a both a profit sharing and toll basis.   The toll materials were tested prior to processing to estimate recoveries and concentrate grades. Typical reported recoveries were in the range 85 to 92% for gold and 72 to 77% for silver.    The mill operated as recently as February 2019 for processing of a bulk sample of approximately 600 tonnes. Due Diligence uncovered the requirements for usual wear and tear maintenance estimated at $95,000 to restore the mill to functional condition in order to receive and run a 1,000 tonne bulk sample from El Dorado. The Company has initiated discussions for potential lines of credit facilities with offtake groups.

El Dorado Gold-Silver Project

The El Dorado Gold-Silver Project is located in the Pacific Coastal Plain, State of Nayarit, within a district of epithermal vein systems which is known to host high grade gold and silver in several veins.    The El Dorado vein trend is the principal vein system within the property covering an area of 5 km x 3.5 km in size. Veining follows a general northeasterly strike dipping steeply to the NW.   A continuous reef outcrop forms a ridge 1.5 kilometers (“km”) in length. Additional discontinuous outcrops both to the NE and SW indicate a strike length of 3.5 km.

The El Dorado vein system has a history of small-scale mining from two veins. Mining in the area has been documented during the periods of: 1900 to 1927; 1965 to 1975; 1975 to 1983; and 1985 to 1990, often producing direct-to-smelter grade material.   Most recently, from 1985 to 1990, material from three levels to a depth of 30 meters (“m”) below the surface was shipped to the “El Venado” processing plant located near Ruiz, Nayarit, for toll treatment to produce a flotation concentrate. Historical metallurgical balance sheets from this plant indicate the grade of the material was in the order of 5 grams per tonne (“g/t”) gold and 70 g/t silver.

Prospero Silver Corp. explored the El Dorado property between 2010 and 2011, through a series of comprehensive exploration programs which included historical data reviews, geological mapping, geochemical sampling, trenching and drilling. A total of 4,950 m were drilled in 28 diamond core holes to an average depth of 150 m, over a strike length of 440 m. The drilling intersected multiple steeply-dipping silicified mineralized zones extending from near-surface to the 150 metre drilled depth.

Significant results reported by Prospero on Dec 10, 2010
( https://pr.globenewswire.com/FileDownloader/DownloadFile?source=ml&fileGuid=83e6aacd-f015-48bc-af52-1e3f95cf6d9b ) included 16.17 meters grading 4.03 g/t gold, 204 g/t silver, 4.0% lead, and 1.75% zinc; and 2.32 meters grading 6.04 g/t gold and 140 g/t silver. The range of widths and grades of the holes within the central portion of the Hundido historical mine area were reported to range from 1.45 meters to 11.22 meters (true widths). The Company’s Qualified Persons have not verified Prospero’s drilling results as due to COVID travel restrictions, they have not yet been able to examine the drill core nor assay data and are therefore relying on data provided in News Releases filed on Sedar by Prospero in 2010 and 2011 and verified by their Qualified Persons.

Prospero also reported that the mineralized zone is 400 meters long and extends up to 180 meters at depth.   Within the mineralized zone Prospero intersected grades ranging from 3.0 to 40.0 g/t Au and 57 to 500 g/t Ag over true widths that range from 0.52 meters to 11.2 meters.

To the Company’s knowledge, a NI 43-101 compliant mineral resource estimate has not been completed for the El Dorado property, however in July 2011, Prospero conducted an in-house historical resource estimate based on their drilling described above as well as a review of summary cross sections, limited production documentation and other mine records, as well as results from samples of mine dumps, underground sampling (46 by Fresnillo) and 283 surface outcrop samples collected by both Prospero and previous explorers and exploiters.

Candente Gold believes that Prospero’s Qualified Person (“QP”) is very well qualified and that the parameters used to arrive at the historical resource estimate are relevant and reliable, however the categories used in the estimate do not appear to be compliant with CIM Definition Standards. The Company’s QP cannot verify that a qualified person has done sufficient work to classify the historical estimates as current mineral resources and therefore the Company is not treating the historical estimates as current mineral resources. Historical reviews of the potential tonnes and the potential grades quoted below are conceptual in nature.

Prospero’s historical resource estimate was calculated using polygonal resources in 10 blocks based on intersections from 10 holes covering/in the Hundido and Intermedia Veins, using a tonnage dilution factor of 25% and a specific gravity of 2.8. Metal equivalencies were based on a gold price of US$1,000 per ounce (“oz”) and a silver value of US$20 per ounce.

Prospero’s historical estimate for the Hundido and Intermedia Veins is 190,000 tonnes grading 7.0 g/t gold and 173 g/t silver containing a historical resource of 40,926 oz gold and 1,014,030 oz silver. The grades and tonnages attributable to each vein are as follows:

HISTORICAL EST I MATE / MINERALIZATION INDICATED BY DRILLING

VeinTrue Width mTonnesGold Equiv alent g/t
Hundido2.389,0007.01
Intermedia8.391,00015.17
Notes:1. Polygonal resources based on intersections from 10 holes.
 2. Tonnage reduced by 25% to allow for mining dilution and recovery loss.
 3. Does not constitute Reserves under SEC Industry Guide 7 nor
Resources under current CIM Definition Standards

Based on all of the existing exploration data and previous historical resource estimates to date the Company believes that a Conceptual Exploration Target within 150 metres of surface has potential for: 110,000 to 200,000 tonnes of material grading from 4.4 to 9.8 g/t gold and 113 to 239 g/t silver containing between 22,500 and 41,000 oz gold and 500,000 to 1,000,000 oz silver, with secondary credits from lead and zinc. This in-situ conceptual estimate of the potential tonnes and grade is contained in unmined portions of the veins as previously delineated. It does not include vertical extensions of the veins below 150 m nor along strike where the veins have been mapped for 3.5 km nor additional exploration potential. The potential quantity and grade described above is conceptual in nature, that there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

The following longitudinal section by Prospero shows the drilling pattern along the El Dorado veinin the area of the Hundido and El Dorado mines, along with summary drill hole intersection grades and widths used in the historical resource estimation. (Prospero News Release dated June 22, 2011)
( https://pr.globenewswire.com/FileDownloader/DownloadFile?source=ml&fileGuid=8153e87a-3b93-4a6b-b4af-b0a9c50c0e5b )

Significant data compilation, re-drilling, re-sampling and data verification may be required by a Qualified Person for the Company before the intersection widths and grades can be verified to be compliant with current NI 43-101 standards. The Company’s QP has not done sufficient work to verify the above-mentioned intersections.

In addition to the data described above, exploration potential outside of the area of historical mining and Prospero’s drilling is believed to be excellent based on the 3.5 km strike length of the vein structures as indicated by vein outcroppings, argillic alteration and silicification. Along this trend, potential exists for both high-grade veins and lower-grade bulk tonnage stockwork zones that have been observed to extend over tens of meters in width in both the hanging wall and footwall of the El Dorado vein system (“Magellan Gold Corporation, Form 10-K Annual Report US SEC dated Dec 31, 2018, File No. 333-174287”)
( https://pr.globenewswire.com/FileDownloader/DownloadFile?source=ml&fileGuid=f7eae2de-c9e8-4748-9f41-78d2cd4ca914 ).  Both the northeasterly striking as well as east-west striking splits of the main structure exhibit structural complexity and potential for multi-meter wide precious metal mineralization. Anomalous base metal assays (100’s to 1000’s of parts per million lead, zinc and copper) are ubiquitous as evidenced by the common occurrence of visible galena, sphalerite and chalcopyrite in outcrop and dumps.

El Dorado lies 50 km south of the SDA Plant, 70 km north-northwest of Tepic, the state capital, and 180 km southeast of Mazatlan, Sinaloa. The project has excellent road and rail infrastructure.

Terms of the Agreement

Candente Gold has the Option to earn up to a 100% interest in the Plant and assume the Lease Agreement to the El Dorado Property by making staged payments in shares totalling a value of US$1.425 million over 30 months as well as $5,000 on signing the MOU and 5,000,000 shares on signing the Definitive Agreement and obtaining TSXV approval. Share values are to be calculated using a 30 day VWAP. The Company also has the option to earn a partial interest in the plant and pay Magellan Acquisitions a fee for usage based on percentage owned. (See News Release No. 077 dated April 28 th , 2020 for more details)

Candente Gold also has the right to assume the rights and obligations of a Lease Agreement Magellan Acquisitions had with the owner of the El Dorado Ingenieros Mineros, S.A. de C.V. (“IMSA”). Candente Gold has the right to explore and exploit form the El Dorado property while IMSA retains a negotiable NSR of 3.5% and is obligated to either perform US$20,000 of work on the property in 2020 and $25,000 in 2021 or make payments of US$5,000 per quarter.

About Candente Gold

Candente Gold has launched a comprehensive growth strategy to build a cash flowing business platform and gaining 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 acquisition of the SDA Plant and the El Dorado historic mines signifies an important first step.   The Company is currently evaluating other properties that are complimentary to the SDA plant and El Dorado Property.

The recently announced profit-sharing agreement on the Cocula Property in Jalisco affords Candente the opportunity to establish a second production center in Western Mexico. Whereas the target properties to provide feed for the SDA plant are dominantly underground targets, the Cocula Property hosts near surface, gold-silver-lead which may be amenable to open pit mining and either leaching or flotation, bringing an element of diversification the Western Mexico operations.

El Oro is a district scale gold project encompassing a well-known prolific high-grade gold dominant 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 Freeze, P.Geo., President, CEO and Director and Matthew Melnyk, CPG., Director Operations and Director, are Qualified Persons as defined by National Instrument 43-101 for the project discussed above. Ms. Freeze and Mr. Melnyk have reviewed and approved the contents of this release.

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
[email protected]

Candente Gold $CDG.ca signs Profit Share Agreement for the Cocula Gold Project Western Mexico $CDG.ca $MEX.ca $AGI.ca $DSV.ca

Posted by AGORACOM-Eric at 5:01 PM on Thursday, September 10th, 2020
https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/563973/hub/Candente_Gold_Hub_Logo.gif
  • Candente Gold will be entitled to receive 70% of any potential profits that may be derived from mining and processing of ore from the Cocula Gold Project.

VANCOUVER, British Columbia, Sept. 10, 2020 (GLOBE NEWSWIRE) — Candente Gold Corp. (TSXV:CDG) (“Candente Gold” and/or the “Company”) is pleased to announce the signing of a Letter of Intent (“Agreement”) to enter into a profit sharing agreement on the Cocula Gold Project (“Cocula”) in Jalisco State, Mexico whereby Candente Gold will be entitled to receive 70% of any potential profits that may be derived from mining and processing of the deposit.  The addition of Cocula to our asset base represents another critical step in the Company’s growth strategy for Western Mexico.  In addition to untested exploration potential, the Project contains gold mineralization at surface, hosted in quartz veins, stockwork zones and oxidized, mineralized breccias.

Timmins Gold Corp. explored the Cocula property between 2007 and 2011 through a series of comprehensive exploration programs which included geological mapping, geochemical sampling, trenching and 1,974 meters (“m”) of Reverse Circulation (“RC”) drilling.  Significant results included 54m grading 4.97 grams per tonne (“g/t”) gold in a trench across the center of the mineralized area.  An RC hole drilled beneath this trench encountered 37.5m grading 1.3 g/t gold including 7.5m grading 5.8 g/t from surface to a 7.5 m depth.  Near and at-surface, mineralization delineated by drilling and trenching has been traced for at least 800m along strike within a NW-SE trending fault zone.

To the Company’s knowledge, a NI 43-101 compliant mineral resource estimate has not been completed for the Cocula property however Timmins Gold Corp. conducted various in-house resource estimates. A qualified person has not done sufficient work to classify the historical estimates as current mineral resources and therefor the Company is not treating the historical estimates as current mineral resources.  Historical reviews of the potential tonnes and the potential grades quoted below are conceptual in nature.

In December of 2008, consultant (Pedro Teran) contracted by Timmins Gold Corp., estimated an internal resource estimate for the portion of the deposit delineated by their RC drilling and trenching results, including assays from 1,552 surface samples.  The geologist applied a geological model appropriate to the observed mineralization to build a MineSight block model and derived an estimate of 5,796,023 tonnes grading 0.58 g/t gold containing 108,081 ounces (“oz”) gold (the cutoff grade was not defined and CIM categories are not clear). 

The Company has reviewed the above as well all reports and data available and considers there is potential for conceptual exploration targets including a lower grade bulk tonnage, potentially leachable deposit as well as a higher grade/lower tonnage core of the deposit.  Based on all of the existing exploration data and previous resource estimates to date the Company believes the Conceptual Exploration Targets have potential for: 500,000 to 6,000,000 tonnes grading from 0.5 g/t Au to 2.75 g/t Au containing between 50,000 and 110,000 oz Au with secondary credits from silver, lead, zinc and copper.  The above is based on exploration to date by Timmins and other and does not include additional exploration potential.  The potential quantity and grade described above is conceptual in nature, that there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

The Agreement provides for the following payments to be made by Candente Gold to the owners (the Lopez family) of the Cocula Gold Project:

1. $10,000 upon signing of the Letter of Intent;
2. $20,000 upon signing of a Definitive Agreement (“DA”) and completion of due diligence within 60 days;
3. $210,000 in staged payments to be made every 6 months over a 36 month period starting 6 months after signing the DA.
4. Upon commencement of production, the owner of the Property will receive a minimum consideration of $25,000 per quarter deductible from mining profits for each quarter.

It will be Candente Gold Corp.’s responsibility to put the Property into production and the Lopez Family will retain 25% of the profits derived from mining, processing and product sales.  The Company has also agreed to pay 5% of profits to Mingeo International as a finder’s fee such that the Company will have the rights to retain 70% of all profits.  Mingeo is a non-arms length party.

In addition, the Company welcomes Mr. Barney Lee to the team overseeing operations in Western Mexico.  Barney has over 30 years of experience working in operations in Mexico with numerous companies including the El Sauzal Mine for Glamis Gold and Goldcorp; as Director for Premium Exploration operations in Nayarit and Jalisco and on the Cocula Property for Timmins Gold.  Most recently Mr. Lee has been working on the Los Cardones Project for the Invecture Group and on the Guadalupe de los Reyes Project for Prime Mining.  He has also worked for Barrick Gold, Kennecott and Excellon Resources.   Additionally, Mr. Lee is skilled in dealing with Mexican land tenure, fiscal and accounting matters.  His role going forward will be to manage operations in Western Mexico.

The 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. It is hosted in a Mesozoic age volcano-sedimentary package of the Guerrero Terrane intruded by dioritic and granitic stocks.  Mineralization is hosted in multi-lithic breccia within a NW-SE trending fault zone that has been traced for at least 800m in strike length.  The fault zone coincides with the contact of andesites from the volcano-sedimentary package and a granodioritic stock.  A younger sequence of Tertiary age andesites and basalts locally covers portions of the host units.

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 acquisition of the SDA Plant and the El Dorado historic mines 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 currently evaluating properties that are complimentary to the SDA plant and El Dorado Property. 

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 are Qualified Persons as defined by National Instrument 43-101 for the projects discussed above.  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.

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                                                                                                                  
[email protected]

Why Small Cap Gold Investors Need To Take Notice of Ohio Pension Fund Entering The Gold Market $AMK.ca $AFF.ca $DGO.ca $CDG.ca $LN.ca $LAB.ca $SX.ca $TAJ.ca

Posted by AGORACOM-Eric at 9:54 AM on Tuesday, September 1st, 2020

Small cap investors should take notice of the following small cap gold exploration companies after the Ohio Police & Fire Pension Fund (OP&F) approved a 5% allocation into gold in a move to diversify its portfolio and hedge against the risk of inflation. This may not sound like much, but it may be the first of many pension funds to follow as they seek to protect their pension assets. The OP&F fund currently holds about $16 billion in assets under management and believe gold will give the portfolio a strong diversifier to its growth-oriented investments as well as provide an effective hedge against inflation

More and more pensions are going to need to protect themselves against rising inflation and the falling value of currencies and 5% from every fund poses an incredible amount of purchasing power for the gold market to sustain.

Rising gold prices boost demand, as witnessed by Warren Buffett’s Berkshire Hathaway surprising gold investors after buying nearly 21 million shares of Barrick Gold. The first time ever in the funds history.

If the worlds largest funds are finding value in the gold market, small cap investors need to pay attention to the following Agoracom clients poised for success.

 (TSXV: AMK)

American Creek owns a 20% Carried Interest to Production at the Treaty Creek Project in the Golden Triangle. 2020’s first hole is the best yet, intersecting 973 Meters Averaging 0.845 gram per ton Equivalent, From Hole GS-20-57, Including 1.40 gpt AuEq Over 217.5 Meters. Eric Sprott believes Treaty Creek may contain over 30 million ounces. Initial resource report expected late 2020 from project operator Tudor Gold.                  

Hub On AGORACOM

——–

(TSXV: AFF)

Affinity controls 2 projects, The West Timmins Gold and The Regal where and Affinity just announced that drilling has begun targeting several major geophysical anomalies as well as three historic small-scale past producing mines. Past results include 11.10 meter interval of 143.29 g/t silver which included a 0.55 meter interval of 2,612.0 g/t silver.

The West Timmins Gold property is located near Timmins, Ontario, Canada and adjoins Melkior’s Carscallen project. The first drill hole has been completed and assays from that first hole are expected to be received by the Corporation within the next two weeks.

Hub On AGORACOM

——–

(TSXV: DGO)

Durango is positioned for discovery with a 100% interest in strategically located properties in the Windfall Lake gold camp in the Abitibi region of Quebec, named Trove and Barry. Osisko is currently drilling the Lynx Project close to Durango’s property border. Durango is currently finalizing its drill plan for 2020.

Hub On AGORACOM


(CDG: TSXV)

Candente owns a large, economic, copper ore body in Peru waiting to be mined. Cañariaco Norte is a 100% owned feasibility-stage porphyry copper deposit containing 7.5 billion pounds of copper and has had multiple scientific studies propelling it along the way toward production. Strengthened by Goldman Sachs belief it is one of the top 80 copper deposits yet to be exploited and strategically guided by Australian Iron Ore giant Fortescue’s 19% inside ownership, Candente has the lowest quartile production costs slated for development.

Hub On AGORACOM

——–

(TSXV: LAB)

Labrador Gold explores for prospective gold projects in Eastern Canada. The Kingsway project is the current focus in Newfoundland, along strike of New Found Gold’s discovery of 92.86 g/t Au over 19.0 metres on their Queensway property. Field crews have started the 2020 exploration program on the Kingsway Property. Labrador also holds the Hopedale and Ashuanipi district scale gold exploration properties.

Hub On AGORACOM

——–

(TSX: LN)


Loncor Resources (LN: TSX / Q: LONCF /) is an excellent gold explorer that is 100% focused on Africa, where they have already discovered over 3 million ounces of gold …. with plans to find even more.

World renown gold miner Newmont has a market capitalization of $50 Billion and owns 8% of Loncor.    Resolute Mining of Australia has a market capitalization of $1.5 Billion and owns 26% of Loncor 

Joint Venture on all of Loncor’s remaining land with Barrick Gold, the $53 Billion Company whose mandate is to find a Tier 1 asset. On Loncor ground

Hub On AGORACOM

——–

SX has a “Eco-Green’ approach to the mining business. It creates eco-friendly mining solutions through technology to grow its business and has developed 4 separate and distinct avenues to create an ideal growth company for the ecological requirements 21st mining will face. Currently focused on exploring for gold in Iceland while developing processing technologies to reduce the environmental impact of mining activities.  

Hub On AGORACOM

——–

(TSXV: TAJ)

Tajiri Resources Corp is exploring for world class gold deposits in Guyana with 2 exploration properties that could each wield major discoveries, the Gargantuan and Epeius projects. Supported by management that have a track record of discovery with almost 20 million ounces, mostly in Guyana

Hub On AGORACOM


FULL DISCLOSURE: All companies are advertising client of AGORA Internet Relations Corp.

Gold’s Mega Rally Faces $2,000 Hurdle, But For How Long? SPONSOR: Candente Gold $CDG.ca $MEX.ca $AGI.ca

Posted by AGORACOM-Eric at 11:48 AM on Tuesday, August 4th, 2020

SPONSOR: Candente Gold is creating a growth strategy encompassing its Mexican assets to build a cash flowing business. Recent acquisition of the SDA Plant and the El Dorado Historic Mines is the first step. Their growth strategy is 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. El Oro is a district scale gold project encompassing a well-known prolific high-grade gold-silver epithermal vein system in Mexico that has several undeveloped veins and has tremendous exploration potential. Click Here for More Info

LONDON (Reuters) – Gold’s rally has halted just below $2,000 an ounce partly due to fierce technical resistance, but an eventual break above that level is likely, freeing prices for more record highs, technical analysts said.

The gold price XAU= has surged 30% this year to an all-time peak around $1,975 an ounce and is one of 2020’s best-performing assets.

The rally was driven by a belief that gold will hold its value better than other assets as fallout from COVID-19 ripples through the global economy.

Central bank stimulus has pushed inflation-adjusted U.S. bond yields to record lows, making non-yielding gold more attractive, and the dollar has weakened sharply, making bullion cheaper for buyers with other currencies.

The never-before-reached $2,000-an-ounce mark is a major psychological resistance level, with gold’s 49-year trend channel resting just below it at $1,983, said Commerzbank technical analyst Karen Jones.

Only an end-of-month or, better yet, end-of-quarter close above these levels will signal a break from the channel, she said.

“Tighten your stops … unless the top of my range is taken out in a convincing manner … upside from here is marginal.”

Graphic – Gold’s long-term channel: here

Technical analysts seek patterns and signals in price charts which allow them to predict and interpret moves. Traders and automated trading systems also take prompts from technical signals.

Because gold’s rally has been so fast, a downward correction is likely and could be brutal, analysts said, before the market attempts another stab higher.

Early support is coming in around its 20-day moving average, at $1,875, and the bottom of its 4-month uptrend, around $1,830.

Below that is more powerful support at the 20-week moving average, currently at $1,755, said Tom Pelc, an independent technical analyst formerly at Nomura and RBS.

Graphic – Gold technical support: here

Such a fall wouldn’t necessarily doom the longer-term uptrend.

“We continue to see this improving volatility backdrop, so there’s no sign that the long-term trend is changing,” said Richard Adcock, a former UBS and now independent technical analyst.

“The market can carry on higher than people expect,” he said.

Graphic – Gold price volatility: here

If resistance is broken, Fibonacci extensions offer short-term targets. These are based on the idea that a rally will extend in predictable proportions extrapolated from a previous rally. One is at $2,067, said Pelc, another comes in at $2,286.

Graphic – Gold fibonacci extension: here

That could only be the beginning of a multi-year move. Lucas ratios — a tool using a sequence of numbers similar to Fibonacci’s — suggest gold could rise to $3,598.80 an ounce in 4-5 years, said Pelc.

Reporting by Peter Hobson; Editing by Veronica Brown and Emelia Sithole-Matarise

https://www.kitco.com/news/2020-08-04/Gold-s-mega-rally-faces-2-000-hurdle-but-for-how-long.html

Candente Gold Corp. $CDG.ca Launches AGORACOM Online Marketing as Primary Investor Social Media Discussion Platform

Posted by AGORACOM-Eric at 8:20 AM on Wednesday, July 29th, 2020

VANCOUVER, British Columbia, July 29, 2020 (GLOBE NEWSWIRE) — Candente Gold Corp. (TSXV:CDG) (“Candente Gold” and/or the “Company”) is pleased to announce the launch of a “CEO Verified” Discussion Forum on AGORACOM. The forum will serve as the Company’s primary social media platform to interact with both shareholders and the broader investment community in a fully moderated environment.

The Candente Gold HUB is live and can be found at: https://agoracom.com/ir/CandenteGold

Candente Gold will also receive significant exposure through millions of content brand insertions on the AGORACOM network and extensive search engine marketing over the next 12 months. In addition, exclusive sponsorships of invaluable digital properties such as the AGORACOM home page and the AGORACOM Twitter account will serve to significantly raise brand awareness of the Company among small cap investors. AGORACOM is the only small cap marketing firm to hold a Twitter Verified badge, averaging 4.2 million Twitter impressions per month in 2019.

Moderated Discussion for Candente Gold Management and Shareholders

AGORACOM “CEO Verified” provides the first ever identity verification of small cap executives on a finance platform.  Small cap CEO’s and other company officers are now able to post or communicate within a discussion forum without the risk of impersonation.  As the ultimate influencers of their own companies, “CEO Verified” forums create unmatched levels of engagement between companies and investors that have long desired civilized, constructive and factual conversation.

Posts to AGORACOM are shareable on Twitter, Facebook and LinkedIn, which provides Management with one-click sharing of valuable content to these social media platforms, with automatic links back to AGORACOM for civilized investor engagement. 

There are no log-in requirements for investors to visit the forum, read posts and share company posts with their networks on other platforms.  Investors wishing to post questions, comments and interact with company officers can quickly log-in using their Facebook or LinkedIn accounts, or create an anonymous new user account.

The Candente Gold Forum can be found at: https://agoracom.com/ir/CandenteGold/profile

Verified Candente Gold Officer at Launch

  • Joanne Freeze, President, CEO and Director

Joanne Freeze, President and CEO stated, “Social media participation is very important for growth companies such as ours and AGORACOM forums are purpose built to facilitate intelligent discussion without the nonsense that plagues other such sites.  I encourage everyone to read and participate in our CEO Verified Discussion Forum to create vibrant and constructive discussions for the long term benefit of everyone.”

George Tsiolis, AGORACOM Founder stated: “With gold prices hitting record highs and conditions looking favourable for continuation over the next three years, small cap investors are looking for high quality companies to grow with in this cycle. Candente Gold’s strategy to build cash flowing assets couldn’t come at a better time and we can’t wait to tell their story to the world.”

Term and Compensation

TERM: July 15, 2020 – July 15, 2021

FEES: $CDN 60,000 + HST*

  • $60,000 + HST to be paid via Shares For Services Under TSX Venture Policy 4.3 (Section 5)

  • $12,000 + HST Shares For Services upon Commencement July 15, 2020 for initial set up of HUB, marketing materials and search engine programs.

  • $12,000 + HST Shares For Services at end of Third Month October 15, 2020

  • $12,000 + HST Shares For Services at end of Sixth Month January 15, 2020

  • $12,000 + HST Shares For Services at end of Ninth Month April 15, 2021

  • $12,000 + HST Shares For Services at end of Twelfth Month July 15, 2021 

Per TSX Venture Policy 4.3 (Section 6.1), the deemed price of the securities to be issued will be determined after the date services are provided to advertiser in each period and are to be calculated using the closing price on each date above. Share issuances to AGORA under this Shares For Services Agreement will be effected pursuant to the “consultant exemption” contained in Section 2.24 of National Instrument 45-106 Prospectus Exemptions. To qualify as a consultant with this exemption, the consultant must be engaged to provide services to the issuer, pursuant to a written contract, other than services provided in relation to a distribution and must spend a significant amount of time and attention on the affairs and business of the issuer.

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 acquisition of the SDA Plant and the El Dorado historic mines 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 currently evaluating properties that are complimentary to the SDA plant and El Dorado Property. 

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 are Qualified Persons as defined by National Instrument 43-101 for the projects discussed above.  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.

About AGORACOM

AGORACOM is the pioneer of online marketing, broadcasting, conferences and investor relations services to North American small and mid-cap public companies, with more than 300 companies served. AGORACOM is the home of more than 7.7 million investors that visited 55.2 million times and read over 600 million pages of information over the last 10 years. The average visit of 8min 43sec is more than double that of global financial sites, which can be attributed to the implementation and enforcement of the strongest moderation rules in the industry.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.

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 discovery in the El Oro district 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 inherent 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 development 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. Candente 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.

For further information please contact:

Joanne FreezePresident & CEO+1 (604) 689-1957
[email protected]