Candelaria Mining Corp T.CAN

Primary Symbol: V.CAND Alternate Symbol(s): CDELF

Metals & Mining Gold

Candelaria Mining Corp. is a Canadian gold-copper exploration company with a portfolio of two highly prospective projects in Mexico. The Company owns 100% of the Caballo Blanco and the Pinos Gold Projects. The Caballo Blanco license area is located on the eastern coast of Mexico in the state of Veracruz, 65 kilometers northwest of the city of Veracruz. The most advanced project in the license area is La Paila, which is conventional open pit/heap leach mining operation targeting approximately 100,000 ounces of gold production annually. The Pinos mining property and historical mining district is located in the municipality of Pinos, Zacatecas state in north-central Mexico near the town of Pinos, Zacatecas. The property lies 405 air-kilometers northwest of Mexico City and is 67 km west-northwest of the city of San Luis Potosi, 113 km east-southeast of the city of Zacatecas, and 85 km northeast of the city of Aguascalientes.

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Candelaria Mining Corp

Bullboard Posts

Post by ilafalot2on Mar 31, 2009 7:54am

423 Views

Post# 15883597

The Silver Lining

Sino-Tech is not putting a couple of million dollars into Canaco just to fund its short term needs.
These guys saw a distress sale opportunity and pounced, obviously. But why?

Answer: Longer term they are either going to put the Mexican silver property into production, or use the Tanzanian base as a springboard for deals in the country.

It's positive for 2 reasons. One, Sino-Tech will save face and not let the company fail. Two, they are in it to make money....and so will we.

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