Candelaria Mining Corp T.CAN

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

Metals & Mining Gold

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.

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Candelaria Mining Corp

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Post by greener12345on Dec 07, 2010 9:20am

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Post# 17811094

another good day

Canaco Resources* (CAN : TSX-V : $5.27), Net Change: 0.52, % Change: 10.95%, Volume: 2,643,037
CAN opener? Canaco Resources was on wheels after releasing impressive drill results from its Magambazi gold discovery
located in the Handeni region of the United Republic of Tanzania. Infill drilling continues to confirm the continuity of grade and
structure at the high-grade keel zone at Magambazi. In particular, hole MGZD096 cut 48.6 m of 14.81 g/t Au, including 8.4 m
of 80.90 g/t Au. Drilling is expected to ramp up next month with the arrival of a third diamond drill to conduct further definition
drilling of the site. Exploration in the near future will also include testing several targets to the west of Magambazi, which have
been highlighted by the recent detailed aeromagnetic and ground IP surveys conducted over the past few months. The
Magambazi and Magambazi North prospects are part of a 1.4 km long trend of gold mineralization, which has now been defined
by high-grade drill results, artisanal mine workings and soil geochemical anomalies. Of note, this trend represents a segment of
a 17 km trend of gold mineralization known as the Handeni Gold Trend contained within the Handeni Gold Project.