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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 maystealeron Mar 31, 2011 12:18am
263 Views
Post# 18365128

Retired now has it right

Retired now has it rightCanaco is not involved - the decision has been made, 1) SOC is going cap in hand to the Tanzanian government through the Tanzanian courts to prevent from being sued because they were incompetent OR 2) they have a case and know they will win the heart of the deposit from Canaco when the Tanzanian government changes its decision.

I think scenario 2 is implausible.  When the stakes are this high, the courts are going to protect the government.  SOC's lawsuit is like a teabag in the bathtub - very weak brew.
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