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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 19, 2010 9:37am
237 Views
Post# 17728934

property size and drill holes

property size and drill holesEveryone agrees that the 7.2 hectares is a small peice of land - yet it contains a bunch of the gold.

Canaco press release states 0.075 km 2 - this is correct!

My math shows the sonora property to by approximately 220 metres wide by 340 metres in length.

0.22 km X 0.34 km = 0.0748 km2

Based on the map provided by Sonora, and the drill collar map provided by Canaco, it appears that about 20 holes have been drilled into the property.

About 10 of those holes were drilled in the upper north west corner of Sonora's land.  Most of these holes will be angled and we don't know if they intersected gold within the SOC boundary or onto the CAN land at depth.

The other 10 holes are in the cental portion of the Sonora land.  My diligence shows that trending from central north west diagonally to south east the following holes have been drilled on the SOC section.

D075, D076, D077, in central North West
D021, D043, D045, D046, D075 central diagnonally trending SE
D079, D080, D081 central SE corner

There are some execeptional results in this section.  

Land is small - agreed.
Land is very valuable - agreed.
CAN needs this land as much as SOC needs to be part of CAN land.

How valuable is the 0.075 km2?  Lets wait and see.

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