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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

Post by motionproon Sep 12, 2011 5:03pm
351 Views
Post# 19034397

3 things that I wonder about...

3 things that I wonder about...Notes                                                                      
(1) Mineralized true thicknesses are 60 to 100 per
cent of stated thicknesses. The calculation of drill
intercepts employs a 0.3-gram-per-tonne cut-off, and
no cutting grade has been applied to high gold values. 
 
- So does this mean that there is a cut off on low grade to ensure that excess low grade (under .3g/t in this case) doesnt weigh to heavily on the average but anything higher grade, like .5m of 1000000 g/t isnt capped and plays into the average as reported?
                 
(2) Not all drill holes identified in this release
have had a full sample submission completed as
planned, as a prioritized system of sample submission
has been introduced due to the previously identified
sample backlog. Additional significant results will
be released and posted as received.

- I find it odd where and when the gaps in the drilling has occured, though I do not know what to make of this.
                                                              
(3) True thickness not yet determined.  

Interesting, you have to wonder why not report these in their true thickness...seems most cos I follow do.

Anyone have any thoughts or some educated answers for a non geo...
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