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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 pharmgirlsamon Jun 28, 2011 12:41pm
389 Views
Post# 18774487

the 24th meeting

the 24th meetingJust got back from a short holiday after attending the meeting on the 24th. Was good to meet Ike there.  He, along with a couple of other investors I came with from Victoria can now see why I have been so bullish on this stock.  Andrew is very approachable and candid in his answers.  A couple of  points I could add to what Ike mentioned are  that more drills could be added if the new zones warrant more. They have two more drills that could be used almost immediately. They have no difficulty attracting good geologists and have seven now employed by them.  Canaco is well known in Africa after the explosive rise in their share price and great results to date thus, many want to work for them making their job easier to attract 'only the best'
Andrew said part of the problem of not getting news out sooner has to do with their insistence (CANs) that the proper steps be taken by them to insure a legitimate 43-101.  Apparently they must include in the new core, samples of 'old core' that has already been assayed to thus insure the new core is being accurately assayed. In other words, if the old core comes back with the same values as it did the first time, we can assume the new core is being accurately assayed.  At least that is the way I understood it.
This is a great time to be a shareholder. PGS
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