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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 Durkastanon Sep 14, 2011 10:12am
262 Views
Post# 19040541

RE: RE: Van Eck Buying Huge

RE: RE: Van Eck Buying HugePat... er, I mean Pot, meet kettle.

Your post is rich coming from someone who is here flailing their arms around in an embarassingly public fashion, desperate to prove themselves right.

Why anyone would choose to short a gold explorer with a fast-tracked 200,000m drill program underway in a proven high potential gold district is totally beyond me. It seems masochistic. It's possible that you could back a 10-20% return on a risk-off trade, but it's even more possible that you could have to cover a 20% loss in a hurry on a single high grade intercept, like you did on Monday.

You know what they say: when you find yourself in a hole, stop digging.
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