10:11 AM EST - Candente Copper Corp. : announced receipt from AMEC Americas Limited of a positive Pre-Feasibility Progress Report for its 100% owned Canariaco Norte copper project in Northern Peru. Based on projected annual production of 262 million lbs of copper, 39,000 ozs of gold and 911,000 ozs of silver over a mine life of 22 years, the Canariaco Norte project has an after tax net present value of $960 million U.S., and after tax Internal Rate of Return of 17.7% using a long-term copper price reverting to $2.25 U.S./lb and a discount rate of 8%. Candente Copper Corp.
shares T.DNT are trading up $0.11 at $2.13.
