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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 Harvey633on Dec 03, 2010 10:22am
223 Views
Post# 17795159

RE: RE: RE: A question concerning ASM....

RE: RE: RE: A question concerning ASM....Thanks to all who responded to my question.
If I might summarize, it would appear that the DR. has very few options - and perhaps only one.
If he should choose to retain his PML he becomes a small-scale Artisanal miner. Considering the Dr.'s political position and background that seems quite ironical.
Artisanal mining in Africa has been around for a very long time and is viewed as a survival activity for many African people who are exposed to extreme hunger, unemployment and poverty...so they have to search for alternative means of survival. It's somewhat puzzling why he applied for and was granted that kind of license in the first place unless he was motivated by philantropic reasons at the time.
That last suggestion seems highly unlikely considering his attempt to close a deal with SOC. - a deal that would would have obviously generated a handsome return.
I think the commissioner of Mines would be very unhappy with the Dr. if he chose to exercise his rights under the PML so that is not likely to happen.....SO
One solution as I see it - if he wants to get anything out of the land he will have to relinquish his PML and CAN will negotiate a mutually satisfactory amount and things will move along....
The only recourse I see for SOC is to go after the Dr. for misrepresentation.
Just my humble opinion....
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