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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 Mar 26, 2012 12:59pm
254 Views
Post# 19718351

43-101

43-101

DA,  you said the following

"Remember that ressource estimate of one area or 43-101 is not a "FIRM" answer. They always take the low end of things and make it more "firm" with PEA.. There are still some holes pending.."

The 43-101 will catagorize holes into measured and indicated or inferred. Measured and indicated are solid and what a project can be financed on, lendinging institutuions generally will not finance inferred ounces. Updates in the 43-101 can increase total ounces through drilling new areas or step outs and or move inferred to the measured and indicated catageory to change ounces to inferred usually requires more infill drilling with closer spacing than previous drilling. Your comment like a lot of your other ones on taking the low end of things and make it more firm, makes no sense. The 43-101 will be a definitive account of the current ounces based on drilling that was included in the 43-101. A PEA will not upgrade ounces unless the 43-101 is upgraded. A PEA will address the economics and viablilty of a project.

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