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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 Nov 07, 2011 11:57am
352 Views
Post# 19215214

switch

switchAs much as it pains me to sell at this low price, I sold some more CAN today to buy TIG. i still hold a good position in CAN, but the reality is there probably will not be a lot to move this stock until the 43-101 comes out by end of Q1 2012. it seems good assays are not moving the price much.
Whereas TIG should be releasing results in the next couple of weeks that will probably be good or possibly great.
Remember the Chinese has this propety and did DD on it and more than likely know where exactly to drill.
With TIG's low float and given that SInotech and insiders hold a good position this stock could easily pass $2.00 on good results. Once broker 14 is finished selling the way should be cleared for the SP to move up.
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