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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 Sep 20, 2011 1:05pm
382 Views
Post# 19062121

MISSING

MISSINGMaybe some of the longs can post flyers

Missing
Canaco dril results
If you have seen them please
notify retail shareholders

By my estimates there will be approx 350 holes drilled by the end of the month. According to corebox 184 have been reported. The initial resource estimate was to be based on the 350 holes and will now be based on drilling to the end of the year which will total approx 450 holes. With the RE out sometime in Q1 2012  It looks to me like they are falling further behind rather than catching up. this is inexcusible given the amount of cash they have in the bank. What makes them think they can epand the drill program to 200,000 meters when they cant even manage what they have now? Management needs to go to the property and take a more active approach to expediting drill results as they have promised to do. Some may say why put out results in a down market. IMHO opinion this is all about proving ounces so lets get the results out so we are ready for when the market gives more recognition to juniors, especially advanced ones like CAN. Even Patpostro and Mallcop will have a hard time arguing with ounces via drill results.
ALL IMHO
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