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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 MeAndMyTwoCentson Jan 23, 2012 4:39pm
263 Views
Post# 19438577

RE: howdy neighbour

RE: howdy neighbour

Sorry, but those drill results suck. You need a combination of grade and depth, and this has neither. 4 g/t over 12 metres is okay, but nothing to write home about. 4 g/t over 120 metres would be far better. Not to mention that these companies always put out their best perceived results first, having drilled their most promising locations first, and therefore they are telling the markets that this is the best they have got.  Accordingly, the stock has not moved.

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