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Candente Copper (TSE:DNT) said workers driving to its Cañariaco Norte project, a large-scale open pit copper project in northern Peru, were stopped and detained on Tuesday.
“A group of consultants employed by AMEC Peru SA were unable to continue travel due to this blockade and the Company was advised that several of these people were detained for a period of time,” wrote the company in a statement.
“Peruvian authorities travelled to Cañaris yesterday to assist in resolution of this matter and have now escorted the consultants out of the area.”
The project is currently at the feasibility stage.
Here is the company’s full statement.
Temporary Road Blockage in Cañaris
Vancouver, British Columbia, December 6, 2012. Candente Copper Corp.
(TSX:DNT, BVL:DNT, US:CCOXF) (“Candente Copper” and/or “the Company”) advises that on December 4, 2012 an access road to the village of Cañaris which is approximately six kilometres north of the Cañariaco Norte project site was blocked thereby restricting access to and from this area. This road is not connected to the access road to the Cañariaco Project.
A group of consultants employed by AMEC Peru SA (“AMEC”) were unable to continue travel due to this blockade and the Company was advised that several of these people were detained for a period of time. Peruvian authorities travelled to Cañaris yesterday to assist in resolution of this matter and have now escorted the consultants out of the area.
To the Company’s knowledge, all of the actions were carried out without physical harm. The Company’s number one focus is the safety of all personnel and community members.
The Company is assessing this incident and will provide further information as it becomes available.
Sean Waller, P.Eng., President and Joanne C. Freeze, P.Geo., CEO, are the Qualified Persons as defined by National Instrument 43-101 for the projects discussed above. They have reviewed and approved the contents of this release.
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 Copper Corp.
“Joanne C. Freeze” P.Geo.
CEO, Director & Chair
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