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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 capebretongirlon Jan 18, 2011 10:11am
282 Views
Post# 17988949

Re Something's Up

Re Something's Up
SOC is  pursuing a lost cause in this and would be better off taking its limited financial resources in another direction - such as drilling on a property it actually owns - their shareholders would appreciate this course of action as well.  The Commissioner made it clear that it wanted a large scale mining operation developed (ie: read taxes, royalties, jobs for locals) for the benefit of Tanzania - SOCs underhanded effort resulting in a dispute for a few hectares that would pretty much limit them to panning for gold did not quite fit that bill.  CAN has unlimited financial resources, the support of the Tanzanian government and about 15 km of territory yet to be assayed - all of which the Tanzanian government knows will generate big time revenue for its country once a mine is  established.  They will do everything they can to expedite this process as they have already evidenced and undoubtedly will support CAN through any legal process.
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