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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 Feb 22, 2012 11:37am
390 Views
Post# 19566834

final holes

final holes

IIt will be interesting to see how many of the final 113 holes outstanding of the 401 drilled on Magambazi  get released before the 43-101. Holes such as 133, 167, 174 and 183 are yet to be released whereas hole #401 has been released. I know they said they were doing assays on a priority basis, but it almost seems as the last NR was packaged to include a really good hole, a bunch of meadicore holes and four complete misses. I talked to Meg after the last NR and she said, they may not get all holes in the 43-101. As usual the labs were still backed up.(why did they not get more labs six months ago?) If we do not get all holes included it will be interesting to follow those missing holes and see how many of them were complete misses. Hypothetically, if a company was getting a bunch of misses, the backed up lab excuse could be used to their advantage to delay release and bury them in a report after the fact.   Lets hope that some of the holes drilled earlier and not released are good ones. Also there were a bunch ending in mineralization that were identified as partial results. if the mineralization goes deep that would be a nice bonus. I would think all of the holes to be in the report would have to be back very soon to be included by the company doing the 43-101, We are approx five weeks away from their deadline, so where are the holes? In the last NR, 25% of the holes were misses up from an average of 13% if this trend continues 28 of the final 113 holes will be misses, lets hope not, and we get some positive results.  ALL IMHO, good luck longs

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