Candente Gold enters Option Agreement for Mexican Tailings Project with Sun River Gold

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[{"type":"text","content":"Candente Gold enters Option Agreement for Mexican Tailings Project with Sun River Gold(via Thenewswire.ca)\n \n \nVancouver, British Columbia / TheNewswire / March 8th, 2016. Candente Gold Corp. (TSXV:CDG) (\"Candente Gold\" and/or the \"Company\") announces that it has entered into an agreement with Sun River Gold Corp. (\"SRG\"), a private Nevada corporation, to grant SRG the right and option to earn a 51% interest in the Company's Tailings project in El Oro Mexico (the \"Tailings Project\"), subject to receipt of regulatory approval.\n\n \n \n\"We are very pleased to have Sun River Gold Corp. as both an investor and innovative partner in the Tailings project. The Tailings Project is a potential opportunity for short term cash flow and this agreement allows us access to both capital and technology to advance this opportunity.\" comments Joanne Freeze, President and CEO of CDG.\n\n \n \nAccording to the terms of the Agreement:\n\n \n \n\n\n1)Sun River Gold (\"SRG\") shall employ technology that based on preliminary testing of samples of tailings from the Tailings Project (the \"Mexico Mine Tailings\"),indicate promising recoveries of gold and silver. \n\n\n\n \n \n\n\n2)On signing the Agreement SRG is to pay to CDG the sum of US$10,000 and will pay an additional US$10,000 per month during the first three month period (for a total of US$30,000); thereafter payments will reduce to US$3,000 per month. \n\n\n\n \n \n\n\n3)SRG will be responsible for the full cost of developing an economically viable process for treatment of the Mexico Mine tailings. Technical and economic studies contemplated under this Agreement will comply with National Instrument 43-101 (\"NI 43-101\") requirements and be at a level suitable for use in a Preliminary Economic Assessment (\"PEA\") if required by either party to raise capital. Costs of a PEA are to be funded by each of the parties to the JV (as defined below) on a pro rata basis.. \n\n\n\n \n \n\n\n4)SRG has previously conducted certain preliminary metallurgical testing on the tailings and the results have formed the basis for SRG's interest in pursuing this Agreement. All future test work conducted by SRG on the tailings will be conducted in compliance with NI 43-101 requirements and test results will be provided to CDG within 30 days of completion. \n\n\n\n \n \n\n\n5)To earn a 51% interest in th...

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