Michael Thicke Appointed President of Cobriza Metals Corp.
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Candente Copper Corp. has appointed Mr. Michael Thicke, M.Sc., P.Geo. as president of its recently formed subsidiary, to be named Cobriza Metals Corp. Cobriza Metals is proposed to be spun-out to the shareholders of Candente Copper through a plan of arrangement under the Business Corporations Act of British Columbia as announced May 17.
Mr. Thicke, an international porphyry expert, has 30 years of global exploration experience, including extensive experience in porphyry exploration in South America as District Geologist for Rio Algom (now BHP Billiton) in Chile, where he was a key member of the team that discovered the large scale Spence porphyry copper deposit. This same team was awarded the prestigious Prospector of the Year Award by the PDAC for the discovery in 1998. The Spence mine commenced production in 2006.
More recently, Mr. Thicke was a senior member of BHP Billiton’s Global Porphyry Exploration Group, leading teams for the exploration and evaluation of porphyry copper deposits in North America, Chile, Peru, Argentina, and Kazakhstan. He also spent two years living in Namibia managing exploration for Sedex zinc deposits in that country, and for sediment hosted copper deposits in Zambia.
“I joined Candente Copper Corp. as a Technical Advisor in January of 2010 and, after reviewing their portfolio of properties in Peru outside of the Cañariaco Norte deposit area, I was very pleased to join Candente Copper as Vice President of Exploration in July 2010,” said Mr. Thicke. “Work to date on all of our porphyry properties has identified a number of areas with significant potential, and we are currently advancing the highest priority targets towards drilling. Peru continues to offer exceptional opportunity for the discovery of major copper deposits, and I am looking forward to heading up Cobriza Metals.”
“Candente Copper’s primary focus is the Feasibility Study for Cañariaco Norte, and exploration drilling on the adjacent Cañariaco Sur and Quebrada Verde targets,” said Joanne Freeze, CEO of Candente Copper. “Strategically there are significant advantages to be gained, including maximizing shareholder value, by creating a separate fully funded public vehicle to pursue exploration and development of Candente’s other Peruvian copper properties.”
Joanne Freeze will act as CEO of Cobriza Metals and Sean Waller will act as VP and Director of Cobriza Metals. Ms. Freeze is CEO of Candente Copper and Mr. Waller is President of Candente Copper.
About Candente Copper
Candente Copper Corp. is a TSX and BVL listed mining company focused on exploration and development of base metal mining projects in Peru and Latin America. Candente Copper’s flagship project is the 100 percent owned Cañariaco copper project located in northern Peru’s prolific mining district.
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