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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 SocialMediaKingon Apr 12, 2012 3:55pm
239 Views
Post# 19787589

China Buying Gold Mines

China Buying Gold Mines

 

Of course China is paying for these with part of the 1.2 or so trillion dollars of US debt it has before the value of that debt deteriorates in lost value.

What better way of spending it than buying gold and buying gold mines.

China is still buying gold mines as part of its policy to preserve and maintain its gold interests. China is evidently very interested in buying gold direct from source, you might say, rather than pay the gold spot price.

                                                                     Hold-On !
 

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