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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 backflipson Mar 08, 2012 9:09pm
437 Views
Post# 19647038

PROFESSOR MINING ENGINEER !

PROFESSOR MINING ENGINEER !

At a university in canada, told me they most likley moved the 43-101 to a later date because they had a rough estimate that it will not be what they were expecting or that great. So they extended the date to get in more holes to add to the resources, to be half decent. I think you just need some more time (2-3 years)for more drilling and maybe this will be a mine one day.  Also I  think  alot of investers are puting their money in volta resources or PMI gold which are both in africa and both have 43-101 of more then 3 million oz or more and trading at the same prices $1.20-$1.40.   My guess is the  43-101  will not be more then 2 million ozs, and the inferred will be higher, and this will not move the sp. Maybe thats why Mr cook sold because he is a geologist and could see that it would not add up. My guess is when he said this was a buy 5 weeks ago at $1.30 was to get the sp up and then he sold off in the range $1.50-$1.70, thats why he didn't want to say on BNN that he sold.

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