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Candelaria Mining Corp.
Summary
| Project: | Pinos | |
|---|---|---|
| Deposit: | Cinco Estrellas Vein | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 11/26/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-11-2019: Candelaria Mining Corp. announces an Exploration/Drilling Update report for its Cinco Estrellas Vein deposit at the Pinos project. Drilling results incl. 3.7m @ 3.7g/t Au, 62.2g/t Ag from 106.75m. VANCOUVER, British Columbia, Nov. 26, 2019 -- | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jose Antonio Olmedo (Independent) | |
| ABSTRACT: | VANCOUVER, British Columbia, Nov. 26, 2019 -- Candelaria Mining Corp. (TSXV:CAND, OTC PINK:CDELF) (the “Company”) is pleased to announce in-fill drill results from the Cinco Estrellas Vein at the Pinos Gold Project (“Pinos”) located in Zacatecas, Mexico. The 20 holes in-fill drilling program confirms the grade and continuity of the Cinco Estrellas vein. In-fill drilling has increased the confidence of mineral resources and the continuity of high grades along Cinco Estrellas vein, particularly, the San José de Peñitas zone. The 20 drill holes released today are in addition to the 33 drill holes previously announced on October 31, 2016, and used in the technical report titled “Pinos Project Preliminary Economic Assessment” “[PEA]”, announced on September 13, 2018 and filed on October 16, 2018 available on SEDAR (www.sedar.com) and the Company’s website (www.candelariamining.com). “These results are very encouraging,” states Curtis Turner, CEO of Candelaria. "Our exploration programs continue to find high gold grades throughout the district. This recent in-fill drilling program is part of our near-term plans to develop Pinos Gold Project which aims to process up to 400 tonnes per day." Locations of drill holes reported are shown in Figure 1 of the San José de Peñitas Area (Cinco Estrellas Vein). | |
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