Peru: Candente Resources, Wealth, Monterrico Metals, Inca Pacific give project updates

Candente CEO sees new resource study ready in May

Canadian junior miner Candente Resources will publish a new resource study in May that could raise the estimated ore grade and size of its Canariaco deposit in Peru at a time it seeks financing for the mine, Chief Executive Joanne Freeze said on Tuesday. Freeze said Candente (DNT.TO: Quote, Profile, Research), whose current resource study puts the deposit in northern Peru at 820 million tonnes, with an ore grade of about 0.45 percent, hopes to complete a feasibility study for the project by early 2009. (Reuters – click here to read complete article by Terry Wade)

Wealth Exploration Update

Wealth Minerals Ltd. is pleased to provide an update on its ongoing exploration activities in Argentina and Peru during the 2007-2008 exploration season.

Macusani District, Southern Peru

The Macusani District of southern Peru has been the focus for several junior uranium exploration companies (Frontier Pacific Mining Corporation, Solex Resources Corp., Vena Resources Inc. and Macusani Yellowcake Inc.) whose recent success has drawn the world’s largest publicly traded uranium company, Cameco Corporation, to the district. (Marketwire – click here to read complete press release)

Monterrico Metals releases preliminary un-audited results for 2007

• Zijin Consortium successfully concludes takeover of Monterrico in April 2007
• Management in Peru strengthened; Board of Directors formally appointed at Monterrico’s Peruvian subsidiary
• New management commences review of Rio Blanco Detailed Feasibility Study. Work on the Environmental and Social Impact Assessment (ESIA) continues
• Stability Agreement obtained from Peruvian Government in August 2007 (Mineweb – click here to read complete press release)

Nevtah Acquires Electrocondor S.A.C. and a 17 Megawatt ‘Run-of-River’ Hydroelectric Project in Peru

Nevtah Capital Management (PINKSHEETS: NTAH) today announced that as part of the Company’s long-term goal of becoming a multi-faceted, low-cost energy provider, it has successfully negotiated the acquisition of Electrocondor S.A.C., a private Peruvian power company. (Marketwire – click here to read complete press release)

Inca Pacific eyes cash for mine as waits on permit

Junior miner Inca Pacific has filed the environmental impact statement for its Magistral copper project with Peru’s government and expects to have all approvals and financing lined up for the mine by December, its top executive said on Tuesday. (Reuters – click here to read complete article by Terry Wade)