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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 bishop13on Oct 14, 2011 8:53am
294 Views
Post# 19148477

RE: A Case for Renewed Optimism

RE: A Case for Renewed OptimismIlafalot, it is my understanding that all targets have been identified on the expansive prospective areas and as you suggested drilling has commenced.or soon will. The immediate focus is the initial RE and to have that delivered on time. As we lead up to that release, you can bet they will deliver the blue sky reality that this is very large regional gold resource.The CEO has suggested a comparison with the Geita gold district. Of note, I believe they found their higher grade hill resource quite a time after their exploratory work on the flatter lands. Whether this model aided Canaco's exploration priorities, it certainly proved to be the most efficient way to get the $150,000,000 at a great price.
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