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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

Post by muckermanon Nov 01, 2010 11:29pm
356 Views
Post# 17643241

location of soc's 7.2 hectares

location of soc's 7.2 hectaresThe location of the ML (7.2 hectare) land package will be a significant factor in determining the value of the settlement.

can news release dated october 18 states that soc's 7.2 hectare land package lies within the "within the area that Canaco has been drilling while outlining the Magambazi gold trend." 

If the 7.2 hectare land package is part of the discovery zone, the cost to settle will go way up.  

I fully expect can to survive this hick up on its road to development or buy out - it is an excellent gold deposit.  
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