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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 muckermanon Oct 22, 2010 1:19pm
211 Views
Post# 17599124

REoption agreement

REoption agreementThe option agreement is exclusive to SOC.
It is a written agreement - legally binding.
British law is governing in Tanzania.
The land holder and the mining license holder are the same entity.
CAN management knows the exact location of the property - first notified on July 30th.

The lawyers can work on execution of the option agreement or SOC can execute and proceed.

SOC and its sharesholders want CAN to be successful.

This is not a government decision - it is business. 

SOC has the option to purchase land that is very valuable to CAN.
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