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Candelaria Mining Corp T.CAN


Primary Symbol: V.CAND Alternate Symbol(s):  CDELF

Candelaria Mining Corp. is a Canadian gold-copper exploration company with a portfolio of two highly prospective projects in Mexico. The Company owns 100% of the Caballo Blanco and the Pinos Gold Projects. The Caballo Blanco license area is located on the eastern coast of Mexico in the state of Veracruz, 65 kilometers northwest of the city of Veracruz. The most advanced project in the license area is La Paila, which is conventional open pit/heap leach mining operation targeting approximately 100,000 ounces of gold production annually. The Pinos mining property and historical mining district is located in the municipality of Pinos, Zacatecas state in north-central Mexico near the town of Pinos, Zacatecas. The property lies 405 air-kilometers northwest of Mexico City and is 67 km west-northwest of the city of San Luis Potosi, 113 km east-southeast of the city of Zacatecas, and 85 km northeast of the city of Aguascalientes.


TSXV:CAND - Post by User

Comment by kensinon Aug 03, 2010 10:37am
396 Views
Post# 17316882

RE: Are These Results Considered To Be Good?

RE: Are These Results Considered To Be Good?Analysts will have an update in about an hour. Keep in mind the model for $4.00cdn target is based on average 3.4gpt. Let's see how the analysts see this next set of results effect Can's numbers.  First glance it seems to support the $1.85-2.00 price based on what my amateur model says is  in the ground. This is significant in that it continues to show a zonal deposit that if stayed consistent over the next 6 months of drilling could produce a 5-10mil ounce resource. The chart is the same as VEN if you go back and look at it's growth from under a buck. The concentrations are not quite as high as VEN but in the same ball bark. The extraction is less for CAN.The geo-political situation is much better for Can . JMO
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