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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 Mar 27, 2012 4:19pm
373 Views
Post# 19724673

Same problems

Same problems

While we wait for the 43-101 lets not forget the problem of delayed drill results. I calculate that to date they have drilled approx. 475 holes. We have seen results for 324 holes of which they will be in the 43-101. Thats approx 151 holes that have been drilled that we are waiting results on. They are drilling approx 35 holes a month. They have almost 4.5 months worth of drilling that is not released. They blame slow labs. Well if you know there is a problem and do nothing to fix it, then I think management is the problem. Would not some of those 151 holes be from new zones? Are not shareholders putting a lot of hope in those. I think 4.5+ months to see results for holes drilled is unacceptable. Investors need to see results in a timely manner to make informed decisions. Maybe stockhouse will put them in another short report and they will mysteriously put out results the next day. ALL IMHO

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