Vancouver, B.C., October 2, 2017 – Candelaria Mining Corp. (“Candelaria” or the “Company“) (TSXV: CAND, OTCQX: CDELF) provides a general corporate update.
General Corporate Update
Due to the current political climate and upcoming state and federal elections, the Company has decided to retract the environmental permit for the Caballo Blanco project which was submitted to the Mexican Environmental Authority on July 14, 2017 (see July 27, 2017 news release for details). The Company will use this time to further optimize the project and continue ongoing dialogue with the local communities and state and federal officials.
Curtis Turner, Chief Executive Officer of Candelaria, stated: “We are still optimistic about the Caballo Blanco project going forward and continue to have good, open dialogue at all levels of the government and the communities. The postponing of the permit will allow Candelaria to optimize certain aspects of the project and improve upon existing and establish new relationships with our stakeholders.”