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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

Comment by specul8eron May 21, 2012 1:27pm
196 Views
Post# 19931087

RE: RE: RE: possible connection?

RE: RE: RE: possible connection?

Thanks for the info Stockarchangel, I remember reading this as well. This point should be taken in good faith that the drills haven't stopped simply because there is no economically feasible reason to keep them going; rather, Canaco is justified in temporarily halting any further drilling due to this weather element. Let's hope the rains don't last long.

I was also reading back on previous posts from last week, and another poster brought up an interesting point: there are apparently 19,000 samples outstanding in the lab, representing 20% of total planned "test material." Now, it should be noted that these remaining samples were not included in the "prioritized" samples to be included in the IR estimate. But what determines priority is up to the individual(s) painting the picture. Earle apparently reported that the final 117 holes reported very little. Their inclusion into the IR probably wouldn't help our numbers much. Those remaining samples are said to be due in 2-3 months time. Will be interesting to see what they say.

And hey, let's not forget about this, everyone: https://www.goldalert.com/2011/08/canaco-launches-200000-meter-drill-program/

I'm sitting tight for now. This story isn't over yet.

Cheers,

Specul8er

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