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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 infoseeker99on Aug 03, 2012 10:28am
415 Views
Post# 20180982

RE: RE: RE: RE: News

RE: RE: RE: RE: News

I would think there is a sequence of events to be followed. They can't announce what they are doing with the cash until Magambazi is dealt with (sort of). If they announce a purchase with the cash it would be saying we don't have confidence in the 43-101 to develop Magambazi ourselves using cash on hand so we are spending the money elsewhere.  That aside I cannot imagine this "third party" miner signing a MOU without a good idea what is in the PEA. How could they do a proposed 55% earn in if they do not even know if the deposit is ecomonical. As usual is seems to be smoke and mirrors with this company. I would think we can soon expect an announcement what they are doing with the cash, if they can leverage the cash into a promising property the SP could move. I do think is is less that 50% that the MOU becomes a JV, but it does buy them time and allows them to proceeed to spend the cash. Down the road Management could always say "the MOU fell through, but look at we bought with the money, we'll come back to Magambazi later"  Lets hope the deployment of cash is leveraged wisely.  ALL IMHO

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