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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 crazytanzanianon Nov 05, 2010 8:05am
335 Views
Post# 17662511

RE: RE: can's license

RE: RE: can's license
Please enlighten us Stockhaus1
Where does it say the option for the PML is illegal?
If you mean it cannot be owned by a non-tanzanian entity, then you must also know that PL's are also not ownable to non-tanzanian entities....
So, if Canaco can own the Kilindi PL through a Tanzanian enterprise... 
then, similarly, Sonora can also own a PML through a Tanzanian enterprise...
Now interestingly, ML can be owned by anyone... since the Handeni PML has now been upgraded to a ML, it can be owned by Sonora outright (once they exercise the option) without them even having to set up a fictitious tanzanian enterprise...
If you think that the option is illegal, then you must also think that CAN's setting up of a tanzanian enterprise for the purpose of obtaining the PL is also illegal.
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