Candente Gold Appoints Dr. Kenneth G. Thomas to Board of Directors
March 13, 2013
Vancouver, British Columbia, March 13, 2013. Candente Gold Corp. (TSX:CDG, BVL:CDG, US:CGDXF) ("Candente Gold") is pleased to report the appointment of Dr. Kenneth ("Ken") G. Thomas to its Board of Directors.
Dr. Thomas was until July 2012 Senior Vice President, Projects, Kinross Gold Corporation. Previously, for 6 years, Ken was a Global Managing Director and Board Director at Hatch, a leading international engineering and construction firm headquartered in Mississauga, Ontario with approximately 10,000 employees worldwide. From 1987 to 2001, Ken served in progressively more senior roles at Barrick Gold Corporation ("Barrick"), from Vice President, Metallurgy to Senior Vice President, Technical Services. At Barrick, he had direct responsibility for the research and development, engineering, construction and commissioning of mine surface plants and infrastructure, including the development of large scale gold autoclave and roaster facilities at Barrick's Goldstrike mine.
Kens' knowledge of mining in the Americas is extensive, gained through mine building for Kinross, Barrick and Hatch, and also having served as the Executive Vice President, Operations and Chief Operating Officer for Crystallex International Corporation from 2003 to 2005 where he managed mine exploration, operations and projects in Venezuela and Uruguay.
In addition to his doctorate in Technical Sciences (project implementation) from Delft University of Technology (Netherlands, 1994), Ken has received several prestigious awards including, Mill Man of the Year in 1991, Airey Award in 1999 and the Selwyn G. Blaylock Medal in 2001, all awarded by the Canadian Institute of Mining, Metallurgy and Petroleum for advances in the mining and metallurgical industry.
"We are extremely pleased to have Ken join our Board of Directors. Ken is highly respected in Canadian mining and he brings to Candente Gold extensive experience in the development and operation of both large and small mining operations and projects. "comments Joanne Freeze, President and CEO of Candente Gold."
About Candente Gold
Candente Gold's flagship asset is El Oro, a district scale gold project encompassing one of the largest and most prolific high grade gold dominant epithermal vein systems in Mexico. The El Oro district includes 20 veins with past production and more than 50 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.
Modern understanding of epithermal vein systems strongly indicates that several of the El Oro district's veins hold multi-million ounce discovery potential, particularly below the historic workings of the San Rafael Vein, which was mined to an average depth of only 200 metres.
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.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Candente relies upon litigation protection for forward-looking statements.
CAUTIONARY NOTE TO U.S. INVESTORS
We advise U.S. investors that this news release uses terms that are not recognized by the United States Securities and Exchange Commission ("SEC"), including "mineral resources", "measured resources", "indicated resources" and "inferred resources". The estimation of measured and indicated resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that mineral resources in these categories will be converted to reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically mineable, or will be upgraded into measured or indicated mineral resources. U.S. investors are cautioned not to assume that mineral resources in any of these categories will be converted into reserves.
On behalf of the Board of Candente Gold Corp.
"Joanne Freeze" P.Geo.
President & CEO
For further information please contact:
Manager, Investor Relations
mobile: +1 (604) 306-8477
local: + 1 (604) 689-1957 ext 3
toll free: 1 (877) 689-1964 ext 3
Investor Relations, Peru
Tel.: (511) 715-2001 ext 107
Fax: (511) 717-1233