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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 DarkAngel2012on Mar 26, 2012 1:01pm
218 Views
Post# 19718362

RE: RE: RE: RE: RE: RE: Company Valuation

RE: RE: RE: RE: RE: RE: Company Valuation

Infoseeker99 I got this just for you,

 

Sample processing to date has been focused on delivery of prioritized results for inclusion in the ongoing initial mineral resource estimation. Further to delivery of those results, additional samples are being processed to facilitate an update of the initial mineral resource estimate during the upcoming preliminary economic assessment (PEA). To this end, approximately 19,000 samples are currently being processed at laboratories for preparation and subsequent assaying. Samples tested and reported to date represent approximately 80% of samples for the Magambazi zone. Samples in the lab represent the last of currently planned test material, approximately 20% of the total, subject to identification of further samples and potential mineralization in the extension drill program. The processing and reporting of results for samples now in the laboratories is anticipated to take two to three months.

 

This means out of the 20% of all those samples hit hard, by the PEA they could have doubled or triple the ressources... its simple... kill the batman.. err I mean do the research.

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