Candente Gold exercises option in El Oro Gold Project, Mexico

Candente Gold has exercised its option to acquire a 50% interest in the El Oro Gold Project, owned by Luismin S.A. de C.V., a subsidiary of Goldcorp. Inc.

“We are very pleased to lock in 50% ownership of the El Oro Gold Project, and to continue our exploration of the El Oro district in order to acquire an additional 20% interest,” said Joanne Freeze P.Geo., President & CEO.  “We believe, particularly in light of recent discoveries, that El Oro may host multiple zones of gold and silver mineralization, and that it has the potential for the discovery of additional high-grade zones beneath the historic workings where 6.4 million ounces of gold and 74 million ounces of silver were produced.”