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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 cerebuson Jan 12, 2011 9:53am
315 Views
Post# 17958835

RE: RE: 0.07sq/km

RE: RE: 0.07sq/kmI believe your math is wrong.  I think it was .07 hectares not sq km.
You may want to check out the picture on the SOC website which shows the property is right on the middle and is more like 200+ m by 300+ m.
It is also interesting to note that CAN has drilled on the property without approval.
Holes
D045 - 21.7 m at 6.79g/t
D073 - 32.0m at 9.27g/t

So no joke at all - a real problem.  My understanding is the government won't allow any foreign involvement - SOC or CAN - and the reason for this is to force a resolution between all parties involved.

Who knows how it is going to play out but I don't think CAN has been that honest about the problem.

SOC picture is here.
https://www.sonoragoldcorp.com/handeni-property.html
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