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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 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.


TSXV:CAND - Post by User

Candelaria Mining Corp
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(5)
•••
Post by Harvey633on Apr 28, 2010 8:11pm
643 Views
Post# 17042001

CAN Advises no material changes....

CAN Advises no material changes....

Canaco Resources says no material changes

Canaco Resources Inc(C:CAN)
Shares Issued 117,465,396
Last Close4/28/2010
.63
Wednesday April 28 2010 - News Release

Mr. Andrew Smith reports

CANACO RESOURCES INC. ADVISES NO MATERIAL CHANGES

CanacoResources Inc. is not aware of any undisclosed news that caused therecent climb in stock price, and there have not been any corporatedevelopments that have not been disclosed.




I think we can assume a couple of things.
1. The TD report had a significant impact on sp today. Judging from the TD purchase volume it would appear that a lot of their clients bought in.
2. Anticipation of very favorable drilling results  - because of the timing of the TD report - may have had some impact as well.
The good news is that the drilling results aren't out yet so if they prove to be very favorable we should expect some additional upward movement in sp.

I expect that tomorrow will see another increase in sp because we closed strong ...at the high of the day.

Any other opinions?
Bullboard Posts
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