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 > Smelter Rights = Mine

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Comment by stockarchangelon Feb 14, 2011 12:46pm

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Post# 18129660

RE: RE: RE: RE: RE: Smelter Rights = Mine

The granting of smelter rights means absolutely nothing. In fact, its almost common practice. Good for the acquirer (less cash upfront) and good for the seller (recurring revenue if there's gold in the hills). I know of at least a half dozen outfits that have used that model, i.e. DLKM and RBYC. And.........if Barrick came in offering $15-20 a share right now, I wouldn't be complaining. I'd flip it all into TZM for another 5X LOL.

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