Candelaria Announces Grant of Stock Options
July 27 2020 - 8:46PM
Candelaria Mining Corp. (TSXV:CAND, OTC PINK:CDELF) (the
“
Company”) announces the grant of incentive stock
options pursuant to its stock option plan, to directors and
officers of the Company, to purchase up to an aggregate of
2,250,000 common shares of the Company at a price of $0.30 per
share expiring five years from the date of grant. In
addition, the Company has granted directors and officers of the
Company 2,060,000 restricted share units at a price of $0.30 per
share. All options and restricted share units vest in three
equal installments over 18 months.
About Candelaria Mining
Candelaria Mining is a Canadian-based gold
development and exploration company with a portfolio of highly
prospective projects in Mexico, one of the world’s best mining
jurisdictions. Candelaria’s 100% owned Caballo Blanco Project hosts
an Indicated Resource of 521,000 ounces of gold and 2,170,000
ounces of silver (31,220,000 tonnes grading 0.52 g/t gold and 2.16
g/t silver) and an Inferred Resource of 95,000 ounces of gold and
590,000 of ounces of silver (8,630,000 tonnes grading 0.34 g/t gold
and 2.14 g/t silver). Potential exists to increase these estimated
resources through continued drilling and exploration. Candelaria
also holds the Pinos Gold Project which hosts a Measured Resource
of 4,444 ounces of gold and 228,892 ounces of silver (85,847 tonnes
grading 1.6 g/t gold and 82.9 g/t silver), an Indicated Resource of
20,586 ounces of gold and 267,745 of ounces of silver (175,697
tonnes grading 3.6 g/t gold and 47.4 g/t silver) and an Inferred
Resource of 60,657 ounces of gold and 811,082 of ounces of silver
(529,267 tonnes grading 3.6 g/t gold and 47.4 g/t silver). For more
information on resource estimates, please see the technical reports
prepared pursuant to NI 43-101 which are available on the Company’s
website at www.candelariamining.com.
ON BEHALF OF THE BOARD,
Ramon PerezPresident
For further information, please contact:
Investor RelationsEmail:
info@candelariamining.comPhone: 604-349-5992
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
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