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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

Post by dancheon Apr 21, 2011 2:05pm
431 Views
Post# 18470948

Mineweb Article

Mineweb Articlehttps://www.mineweb.com/mineweb/view/mineweb/en/page56?oid=125496&sn=Detail&pid=56

The Harvest VMS deposit is in good company. To the north in Eritrea Nevsun Resources (TSX: NSU) hit commercial production at their Bisha project, a VMS deposit, in February. Nevsun is open-pit mining a gold rich upper zone, and will eventually move into lower, base metal rich zones. This past March, the first month of full production, it produced 34,000 ounces gold, for a first quarter total of 75,000 ounces gold, and all told it has pegged proven and probable reserves at 28 million tonnes @ 1.78 g/t Au, 38.9 g/t Ag, 1.6 percent Cu and 3.15 percent zinc. Presumably Tigray Resources will aim to leverage that poly-metallic path forged by Nevsun in the region.
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