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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 easymoney77on Apr 20, 2011 9:02am
299 Views
Post# 18459400

Exploration Results

Exploration ResultsWe should be seeing seeing these results as well prior to the spin-out for the end of June.


Canaco has commenced a dynamic exploration program aimed at defining drill targets at both Terakimti and Nefasit, whilst regional exploration is also accelerated (see the Company's August 31, 2010 press release for information on other concessions). Exploration under way or planned for the near future includes gravity and micro-gravity (2,800 stations planned as a first pass), 50 line kilometres of time domain electromagnetic ("EM") survey, detailed Niton handheld XRF-based soil-geochemical sampling over principal targets and all known gossan occurrences across all concessions, one metre topographic contour generation and acquisition of high-resolution Quickbrid stereo photos, and reprocessing airborne EM over the southern half of the concession areas. This exploration work is directed toward targeting drill holes to maximize the chance of success and allow rapid advancement of the project
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