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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

Comment by infoseeker99on Mar 31, 2011 10:42am
277 Views
Post# 18366689

RE: Canaco in Control of Gold District

RE: Canaco in Control of Gold DistrictIt is very interesting that TD believes that there could another area whcih could host a large gold deposit, which probably means high grade. Perhanps that this is what sold the institutions on the PP. For him to say that "the first drill results could be forthcoming in the next couple of weeks" might mean that they are in and are known and just waiting to be reaeased. If there is another "high grade" zone that has the potential to host several million ozs. then the $8.00 target will seem very low. I would think the shorts would want to cover in the next couple of weeks before the results are released. kinross paid a premium for Redback because they felt there was a large district  with a lot of potential which they are starting to prove up now. looks like Canaco could have the same potenital.
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