EL ORO, Mexico – I am on my way back from Candente Gold’s EL Oro project, some 90 kilometers northwest of Mexico City.

A rig is drilling on the property. Just started. (Please see photo taken this week.) Candente Gold’s (TSX: T.CDG, Stock Forum) El Oro appears to be (and I usually hesitate to use adjectives) a formidable district of gold and silver in a setting of low-suphidation, epithermal style quartz veins.

The site of fresh drilling comes in an area of Mexico – EL Oro -- that ranks with Guanajuato, Fresnillo and other massively productive silver and gold districts.

“We are making a case that El Oro, since 1899, all you see is exploitation of a single stripe of mineralization. One band, a horizontal band,” says longtime Mexico-oriented geologist Peter Megaw. “That (San Rafael vein) produced five million ounces of gold (gold equivalent, which includes a lot of silver). Now we have the ability to see deeper into existing veins, 20, maybe 30 veins that merit further investigation.”

Mr. Megaw is a director of Candente Gold. The University of Arizona doctorate in geology is better known in Mexico as a founder of Mag Silver and one of the principal drivers of 50 million ounces worth of silver discoveries, including Excellon’s Platosa and Mag Silver’s Fresnillo.

Candente Gold’s drilling at El Oro in this town of about 10,000 people just started. The folks in town are curious to see rigs and excavators, fresh trenches and Canadian prospectors all over the place.

And some familiar faces. Mark Pryor worked here seven years ago when Placer Dome ran the show. Now he is Candente’s chief of exploration.

This article is just an introduction to Joanne Freeze’s Candente Gold, which only started trading in January 2010. Candente Gold holds sway over about 15,000 hectares in EL Oro District. This includes just about everything there, including the San Rafael and Veta Verde Veins.

The genesis of Ms. Freeze’s Peru and Mexico-leaning gold and silver company came from her purchase of a portfolio of exploration properties held by mother ship Candente Resource Corp., which is now Candente Copper (TSX: T.DNT, Stock Forum), and Andy Smith’s Canaco Resources (TSX: V.CAN, Stock Forum).

Both Candente companies are Planetary Prospects of Ticker Trax,and as such we here at home own the shares. We will have more on our tour of the property next week for Ticker Trax subscribers.

• Joanne Freeze’s Candente Gold was the subject of an early April 2010 Ticker Trax report about its Peru concessions.
• Speaking of fresh drilling, a Ghana company, our Ticker Trax™ Planetary Prospect Xtra-Gold Resources (OTC:BB: XTGR, Stock Forum), is preparing a 5,000-meter drill program, its next phase of drilling, on a concession at the 5.5-kilometer-long Kibi Gold Trend. (We at Ticker Trax are on record as having visited the Kibi twice in eight months as we research U.S. over-the-counter-listed Xtra-Gold. (Please see: Structural geologist seeks large gold zone at Xtra’s Kibi.) We here at home own the shares.

Please visit our Ticker Trax Library for subscriber research regarding Ghana, Colombia, Mexico, Peru and South Africa. As with all Ticker Trax Planetary Prospects, we here at home own shares of Xtra-Gold Resources and Candente Gold.)

• I will be chatting at the Las Vegas Money show on Tuesday May 11. The subject is “Safe Six: Natural resources, life sciences and safety in commodities.” The 30-minute presentation is at noon. After that, I return to Colombia on behalf of a fresh Ticker Trax Planetary Prospect whose activities I will be viewing for a second time.

Ticker Trax™

Please see Stockhouse for a selection of our Ticker Trax research and our password-protected library for subscribers. Thom Calandra owns shares of each of the 13 Planetary Prospects in Ticker Trax. Please see our Ticker Trax password-protected library for coverage of copper in Peru, gold in Peru, gold and copper in Colombia, gold in Ghana and silver and gold in Mexico.

(All photos by Thom Calandra. Thom and his family own shares of each of the 13 Planetary Prospects. Thom’s personal holdings are available for all to see on Stockhouse, the Canada publishing company. Subscribers are informed well in advance of any shift in research regarding Planetary Prospects and any purchase or sales decisions. Subscribers always come first.)

Ticker Trax™ Please see tickertrax.com to learn more about this wealth service and its Planetary Prospects. For an index of free Thom Calandra articles, please click here. For an entire explanation of our strategies, research methods and disclosure procedures regarding all aspects of Ticker Trax and our Stockhouse reports, please visit our readily available Stockhouse articles. Please see this one in particular: Core Box Revealed. Thom Calandra’s on-site tours of properties are paid in part by the hosting companies and in part by Stockhouse and Thom Calandra. For the password-protected Ticker Trax library, please see: www.tickertrax.com/Login.aspx.

HOLDINGS: Thom’s holdings are listed for Stockhouse members at www.Stockhouse.com under the “portfolio setting” for user TCALANDRA. It is public and free to view. He and his family own recently minted gold and silver coins and shares of about 30 public and two private companies. As with each of the Planetary Prospects, Thom Calandra owns Colombian Mines, Xtra-Gold Resources, Endeavour Silver, BioCryst Pharmaceuticals and the other Planetary Prospects researched in Ticker Trax reports.

THOM CALANDRA of Ticker Trax helps his audience find value in a quagmire of investment choices. Thom co-founded CBS MarketWatch and MarketWatch.com. As the voice of Thom Calandra's StockWatch and The Calandra Report, Thom pegged $300-ounce gold as a long-term hold in 1999 and in 2000. He has been covering life-sciences and natural resources since 1988.
 
Thom Calandra and Stockhouse produce this and other free reports. Please visit www.Stockhouse.com.

Ticker Trax™ is published by Stockhouse Publishing Ltd. Ticker Trax is an information service for subscribers and neither Stockhouse nor Thom Calandra is a broker or an investment advisor. None of the information contained therein constitutes a recommendation by Mr. Calandra or Stockhouse that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. Ticker Trax does not purport to tell or suggest the investment securities subscribers or readers should buy or sell for themselves. Subscribers and readers of Ticker Trax should conduct their own research and due diligence and obtain professional advice before making any investment decisions. Ticker Trax will not be liable for any loss or damage caused by a reader’s reliance on information obtained in the reports. Subscribers and readers are solely responsible for their own investment decisions. Opinions expressed in Ticker Trax are based on sources believed to be reliable and are written in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. All information contained in Ticker Trax should be independently verified. The editor and publisher are not responsible for errors or omissions or responsible for keeping information up to date or for correcting any past information. Ticker Trax does not receive compensation of any kind from any companies that may be mentioned in the report. Any opinions expressed are subject to change without notice.  Owners, employees and writers may hold positions in the securities that are discussed in Ticker Trax. PLEASE DO NOT EMAIL THOM SEEKING PERSONALIZED INVESTMENT ADVICE, WHICH HE CANNOT PROVIDE.  Copyright 2010 all rights reserved.