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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 28, 2011 10:20am
446 Views
Post# 19270775

Disconnect

DisconnectThere is a serious disconnect between drilling and results. They are probably past 400 holes now and should be at 450 holes by the end of December or another month. We have gotten results for 228 holes to date.  If the 43-101 is to have 450 holes I would assume all of those results would probably have out be in by end of February to give the company preparing the 43-101 time to incude all of the results for a release by the end of A! 2012. That means that we will need to see results for 222 holes by the end of february which is an avg of 74 holes a month, which they are no where near doing now. Why would we think that they could triple their output of results all of a sudden? It seems odd to go from the current amount of results to a large number in such a short period of time. Something does not seem right here, and I would ask the question.
What is the hold up? I would imagine we will see results this week, but is that our quota for the next month?
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