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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 specul8eron May 21, 2012 1:27pm
194 Views
Post# 19931087

RE: RE: RE: possible connection?

RE: RE: RE: possible connection?

Thanks for the info Stockarchangel, I remember reading this as well. This point should be taken in good faith that the drills haven't stopped simply because there is no economically feasible reason to keep them going; rather, Canaco is justified in temporarily halting any further drilling due to this weather element. Let's hope the rains don't last long.

I was also reading back on previous posts from last week, and another poster brought up an interesting point: there are apparently 19,000 samples outstanding in the lab, representing 20% of total planned "test material." Now, it should be noted that these remaining samples were not included in the "prioritized" samples to be included in the IR estimate. But what determines priority is up to the individual(s) painting the picture. Earle apparently reported that the final 117 holes reported very little. Their inclusion into the IR probably wouldn't help our numbers much. Those remaining samples are said to be due in 2-3 months time. Will be interesting to see what they say.

And hey, let's not forget about this, everyone: https://www.goldalert.com/2011/08/canaco-launches-200000-meter-drill-program/

I'm sitting tight for now. This story isn't over yet.

Cheers,

Specul8er

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