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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 Dec 05, 2011 9:50am
412 Views
Post# 19291608

Disappointing

DisappointingTwenty holes on this NR and a month since the last results. 20 holes in a month is losing ground. They are drilling approx. 35 holes a month. IMHO we will see a NR before the meeting to make everyone feel happy, and forget about the fact that the SP this year has gone from $6.45 to its current level. But of course if it happens, it will be coincidental timing that they received more holes. IMHO there is no valid reason to put out only 20 holes in a month.
If anyone is going to the meeting can they ask
How many holes will be included in the initial 43-101. and why are they not engaging more labs to get as many holes completed as possible for the initial 43-101
Of course there are posters here who will say they are glad they are not putting out results in this market., but at the end of the day it is managements duty to put out results on a timely basis.
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