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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 gOldfarton Jun 02, 2011 4:41pm
360 Views
Post# 18664252

RE: RE: RE: RE: Phew....thought I might be screwed

RE: RE: RE: RE: Phew....thought I might be screwedThe recent drill results, while much of it relatively low grade intercepts, has really expanded the dimensions of an economically viable open pit operation.  If future drilling proves out the areas identified as 'Potential Mineralization' on the map here (https://media3.marketwire.com/docs/can524i.pdf), even at very low grades will make the SOC land issue essentially moot.  It can be left as an 'island' (that SOC cannot reach much less exploit) for years without effecting mine operations.  Even if SOC prevails they would probably cease to exist by the time CAN would be forced to remove the 'Island, and I also recall that there may be a time factor tied to the claims that may expire in the interim.

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