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Candelaria Mining Corp T.CAN


Primary Symbol: V.CAND Alternate Symbol(s):  CDELF

Metals & Mining Gold
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

Candelaria Mining Corp > No
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Comment by easymoney77on Jan 09, 2012 6:10pm
345 Views
Post# 19383957

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: No

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: No

 

Based on Danial Earle's comments from early July

"In light of drill results released subsequent to our initiation of coverage on

April 28, including those discussed above, we are increasing our conceptual

resource estimate for the Magambazi deposit to 3.1 million ounces grading

3.4 g/t gold. We increase the scope of our conceptual project model to reflect

the larger forecast resource and now model average production of 288,000

ounces per year at total cash costs of US$261/oz over a 10 year mine life." 

 With the ongoing contunied success with step out drill drilling I am thinking we must be pushing 4 mil.. The next drill results should confirm that assumption.

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