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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 ilafalot2on Sep 12, 2011 6:32pm
395 Views
Post# 19034607

RE: 3 things that I wonder about...

RE: 3 things that I wonder about...While I am not properly qualified to comment, that does not seem to be a deterrent to other posters, so here goes:

1.  You are correct in the sense that high grade gets boosted by a non-cut-off.  In some situations this 'nugget-effect' distorts the average, but in others (like ours) it can be proper in the sense that it is encountered frequently and can be expected to be representative.  As for the low grade, you do not get it both ways.  If the cut-off is applied, then the zone is presumed barren, while some economic ore may nevertheless be present.  The bottom line is that the average does not get reduced, but the interval is shortened.

2.  We have seen this before.  They assay the good-looking stuff first, then come back for the rest.  Nothing wrong with that
Previously we have seen an expanded mineralisation after further assay.

3.  Accept what they say at face value.  The geology is complex.  Better to say you do not know, rather than raise false expectations

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