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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 > Canaco Update
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Comment by specul8eron Jun 01, 2012 2:06am
362 Views
Post# 19969224

RE: RE: RE: Canaco Update

RE: RE: RE: Canaco Update

@thomasriddle

Nobody is suggesting that they aren't going on "life support," as you put it. Preservation of capital, spending and drilling on hold, etc. etc. It's all there in writing. However, also in the writing is this statement: "We have embarked on a comprehensive strategic review of our business and are evaluating a range of acquisition and exploration opportunities to leverage the balance sheet to create value." And as I stated, this is the only statement in the NR that highlights anything worth anticipating, ie, the only potential positive. They are evaluating opportunities. Now, if you have issues with acknowledging that as a potential positive, that is your prerogative. Enjoy your summer.

Cheers,

Specul8er

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