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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 DarkAngel2012on Mar 26, 2012 1:01pm
215 Views
Post# 19718362

RE: RE: RE: RE: RE: RE: Company Valuation

RE: RE: RE: RE: RE: RE: Company Valuation

Infoseeker99 I got this just for you,

 

Sample processing to date has been focused on delivery of prioritized results for inclusion in the ongoing initial mineral resource estimation. Further to delivery of those results, additional samples are being processed to facilitate an update of the initial mineral resource estimate during the upcoming preliminary economic assessment (PEA). To this end, approximately 19,000 samples are currently being processed at laboratories for preparation and subsequent assaying. Samples tested and reported to date represent approximately 80% of samples for the Magambazi zone. Samples in the lab represent the last of currently planned test material, approximately 20% of the total, subject to identification of further samples and potential mineralization in the extension drill program. The processing and reporting of results for samples now in the laboratories is anticipated to take two to three months.

 

This means out of the 20% of all those samples hit hard, by the PEA they could have doubled or triple the ressources... its simple... kill the batman.. err I mean do the research.

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