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Candelaria Mining Corp T.CAN


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

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

Comment by alfee55on Aug 20, 2010 5:40pm
435 Views
Post# 17370458

RE: A Second Leg or Addax Pasture

RE: A Second Leg or Addax Pasture


Re:
"When you consider that  those properties are going to require exploration dollars, then our company is diverting a year's worth of exploration at Magambazi for a flash in the pan.  Furthermore, I bet the average investor does not give a rat's arse in value to this particular geographical diversification".

Man, don't think so small, think big and what can happen in the future and maybe if there is any success in Ethiopia it is the perfect setup for a company split. 
They could split off the interests into another company with the share holders receiving 1/2 a share for every one share of Canaco they own. 
Canaco still would have the present property (Magambazi) and the new company would have 1/2 of the number of shares out that Canaco would have, allowing it to go to the market to finance it's own exploration programs, and we would all have a nice time going to the bank.  Dream BIG

Remember the Ethiopia Properties themselves could also be a Major Company builder.

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