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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 Dec 05, 2011 9:50am
417 Views
Post# 19291608

Disappointing

DisappointingTwenty holes on this NR and a month since the last results. 20 holes in a month is losing ground. They are drilling approx. 35 holes a month. IMHO we will see a NR before the meeting to make everyone feel happy, and forget about the fact that the SP this year has gone from $6.45 to its current level. But of course if it happens, it will be coincidental timing that they received more holes. IMHO there is no valid reason to put out only 20 holes in a month.
If anyone is going to the meeting can they ask
How many holes will be included in the initial 43-101. and why are they not engaging more labs to get as many holes completed as possible for the initial 43-101
Of course there are posters here who will say they are glad they are not putting out results in this market., but at the end of the day it is managements duty to put out results on a timely basis.
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