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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 infoseeker99on Sep 20, 2011 1:05pm
386 Views
Post# 19062121

MISSING

MISSINGMaybe some of the longs can post flyers

Missing
Canaco dril results
If you have seen them please
notify retail shareholders

By my estimates there will be approx 350 holes drilled by the end of the month. According to corebox 184 have been reported. The initial resource estimate was to be based on the 350 holes and will now be based on drilling to the end of the year which will total approx 450 holes. With the RE out sometime in Q1 2012  It looks to me like they are falling further behind rather than catching up. this is inexcusible given the amount of cash they have in the bank. What makes them think they can epand the drill program to 200,000 meters when they cant even manage what they have now? Management needs to go to the property and take a more active approach to expediting drill results as they have promised to do. Some may say why put out results in a down market. IMHO opinion this is all about proving ounces so lets get the results out so we are ready for when the market gives more recognition to juniors, especially advanced ones like CAN. Even Patpostro and Mallcop will have a hard time arguing with ounces via drill results.
ALL IMHO
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