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Candelaria Mining Corp T.CAN


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

Candelaria Mining Corp. is a Canada-based precious metals focused exploration and mining company. The Company is engaged in two gold projects in Mexico: the 100%-owned construction-ready high-grade Pinos gold project located in the state of Zacatecas, and the 100%-owned advanced-exploration stage Caballo Blanco project located in the state of Veracruz. The Pinos Project is situated in the central part of the Mexican Republic, adjacent to the municipality of Pinos, in the south-eastern portion of Zacatecas. The Project is approximately 80 kilometers (kms) west from the city of San Luis Potosi and approximately 140 kms east from Zacatecas, the State capital. It consists of around 3,816 hectares comprising over 29 concessions. The Caballo Blanco Project is situated on the eastern coast of Mexico in the state of Veracruz, around 65 km northwest of the city of Veracruz. It covers over 9,650 hectares (ha) comprising over 14 contiguous mining claims. Its subsidiary is Minera Apolo SA de CV.


TSXV:CAND - Post by User

Post by pharmgirlsamon May 16, 2012 10:27am
446 Views
Post# 19914978

according to the Co

according to the Co

I talked to the co yesterday and we have no drills turning at this time to 'preserve our $$' until it can be determined what is the best way to spend this money and grow some shareholder value.  The PEA will probably be out sooner than expected.  I believe they have a couple of options depending on cost.  One, they could mine the project themselves to get the dollars needed for long term or two, they could partner with someone that is ready to mine.   Whatever they do I doubt we will see much appreciation in our stock price for awhile yet.  PGS  

By the way,  the SOC land WAS included in the 43-101.  That was my first question to the company.

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