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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 infoseeker99on Jul 13, 2011 1:40pm
354 Views
Post# 18826911

Lots of news to come

Lots of news to comeAccording to the CAN website we have received results from 154 holes and they have completed 240 holes out of an estimated 350 by Earle before end. There should 86 holes that have been drilled that are in the system.(i.e, being logged, split and or at labs) Add another 110 to be drilled and we can expect results on 196 holes by year end or the the next 5 1/2 months
If they put them out in batches of 6 (which I doubt) that be another 32 NR's or an average of 1.3 NR's a week.
I would say there is lots of room to move this stock with that many holes to come, in a failry short time frame, even if they are not all as good as today.(which would be safe to assume they will not be)
GLTA longs
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