For thousands of other reports visit RSC's Mineral Intellingence Map
Candelaria Mining Corp.
Summary
| Project: | Caballo Blanco | |
|---|---|---|
| Deposit: | Caballo Blanco | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 4/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-4-2017: Candelaria Mining Corp. announces an Exploration/Drilling Update report for its Caballo Blanco deposit at the Caballo Blanco project. Drilling results incl. 94.0m @ 1.24g/t Au, 3.3g/t Ag from 82.6m. Candelaria Mining Corp. (“Candelaria” or the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jim Cuttle (Not stated) | |
| ABSTRACT: | Candelaria Mining Corp. (“Candelaria” or the “Company”) announces assay results of its recently discovered additional drill holes at the La Paila Zone on its Caballo Blanco Property (the “property”) in Veracruz, Mexico. The Company acquired the 19,823- hectare property in July 2016 from Timmins Gold and is in the process of preparing an updated National Instrument 43-101 report. During the process of updating the NI 43-101 report the Company discovered 55 new drill holes with corresponding assays. The drilling and assays were completed between January to May 2012 but were not included or referenced in the prior Technical Report dated March 2012. A new solid model has since been created based on this new information, surrounding the mineralized silica breccia rock, and using a 0.1 gram/tonne gold cut-off. Gary Giroux of Giroux Consultants is currently completing an updated mineral resource estimate based in part on this additional data constrained within the model. Ramon Perez, Chief Executive Officer, stated, “The discovery of these new holes is being incorporated into the updated NI 43-101 Technical Report which we anticipate will be completed within the next two weeks.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report