Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 canagoldon Mar 20, 2012 1:41pm
328 Views
Post# 19695450

Look at slide 9 of CAN presentation...

Look at slide 9 of CAN presentation...

Clearly there is more exploration upside here at the other targets of Majiri, Majiri Bomba, Kwadijava and Kwadijava South.  All of the PRICE targets are based only on Magambazi.  Developing a gold district does not happen over night, so we may one see at $10-$15 share price, but it will not happen overnight.

For Magambazi CAN drilled 100,000 meters, and they are now drilling x2 that, 200,000 by June 2012. A total of 200,000 metres of drilling is going on right now till year end. The entire strike length of Magambazi will be drill-tested, with approximately 500 additional holes totalling 95,000 metres by the end of June 2012. 

An additional 20,000 metres of diamond drilling is targeted at high priority targets developed at Kuta, Kwadijava, and Magambazi Deep. In addition, the comprehensive exploration program will provide for immediate diamond drill follow-up of favourable targets developed from ongoing RC drilling.

 

<< Previous
Bullboard Posts
Next >>