July 27, 2017, Vancouver, British Columbia – Candelaria Mining Corp. (“Candelaria” or the “Company”) is pleased to provide the following update on the Company’s Caballo Blanco gold project located 65 kilometers northwest of the city of Veracruz, Mexico. The project is district scale consisting of fourteen contiguous mining claims and covering 19,815 hectares (198 sq. km), with easy access to infrastructure, labour and supplies.
- Closed C$9.7 million strategic financing with Agnico Eagle
- Environmental Application redrafted and submitted to SERMARNAT
- Drill mobilized for 2,000 meter infill drill program at La Paila zone
- 7,500 meter phase 1 drill program of several high priority targets identified outside of La Paila resource area to commence 4Q17