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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 ANBCAon Jan 06, 2011 2:40pm
366 Views
Post# 17934456

One reason we're down today.

One reason we're down today.Today's release was proof the company has withheld drill results that are material in nature.  These should have been made public when the deal was made to acquire the property.  What else are they holding back?  Who was made aware of these drill results.  Did T.D. or Mr. Earle see these drill results "off the record" months ago?  What else could Mr. Earle be aware of that the rest of us are not.  Has more drilling been done on the Ethiopian property or did we pack up and leave?  $1300 vs $1400 Gold is not the only thing at play here. 

One positive will be a step up to the TSX from the Venture exchange.  I'm hoping the rules are stricter and the company will be more timely in its NR's.

JMHO

A
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