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.

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Candelaria Mining Corp > News release

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Comment by infoseeker99on Feb 13, 2012 2:37pm

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Post# 19526974

RE: RE: RE: RE: RE: News release

ThisBSagain, I think they always knew they needed to go deep, so I would hope they made arrangements for a deep drill or two. The hill is 170 meters high. I don't think a hole going down 500 meters would be out of the question as it would still be only 330 meters below level grade. lets hope they did and lets hope they find the source of the gold, or as Kensin mentioned this will be dead money (unless they find a new zone)

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