Candelaria Mining Corp T.CAN

Primary Symbol: V.CAND Alternate Symbol(s): CDELF

Metals & Mining Gold

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

Candelaria Mining Corp > Market

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Comment by Sunflyer11on Nov 17, 2011 1:36pm

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Post# 19245647

RE: Market

Yes we have de-risking, margin calls, shorts driving us down without reason being in the equation. And yes, buy backs make sense. Unfortunately, italy and spain bonds are under attack creating huge losses for banks, resulting in more de-risking.

Gold's reaction today is not good and I am back to 25% in the market.

Many say this is the most difficult trading markey they have seen and i agree.

Drill results only matter when there bad.

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