Camino Minerals Corporation (“Camino” or the “Company”) (COR: TSX-V) is pleased to announce that a soil geochemical survey has outlined a large area, approximately 1.5 km by 2 km, of anomalous gold and silver values at the recently optioned El Secreto Gold, Silver and Copper Project (“El Secreto” or the “Project”), located Sinaloa State, Mexico. The area, known as the El Secreto Zone (“ELZ”), is located in the northeastern part of the property. Rock samples taken from the ELZ have returned up to 6.31 g/t gold and up to 178 g/t silver.
The soil geochemical survey that began in April (see news release dated April 19, 2012) is still in progress and should be completed by the end of July. To date, approximately 1,200 of the planned 1,600 soil samples have been collected. In addition to the ELZ, the Company anticipates that other areas of anomalous mineralization will also be delineated. Rock samples collected 3 kilometres west of the ELZ returned up to 8.02 g/t gold, 316 g/t silver, 0.38% lead and 0.26% zinc. Samples collected from outcrops and old workings, approximately 4 kilometres southeast of the ELZ, returned up to 0.7 g/t gold, 532 g/t silver, 2.3% lead, 5.7% zinc and 0.9% copper. These areas were covered by the soil geochemical survey and results are pending.
Camino is currently in the process of obtaining the necessary permits for the construction of a road into the El Secreto Zone, and other areas of the Project, and plans to begin a first phase reverse circulation drill program in the fall.
Rodeo Gold Project
A regional mapping program within the Rodeo 2 concession led to the discovery of a previously unmapped area of alteration, located approximately 3 km northeast of the area Camino drilled in 2011. Rock samples collected in this area returned values up to 2.59 g/t Au. Based on these promising results Camino recently collected over 500 soil samples and was successful in outlining a 3.5 km long northwest trending area of anomalous gold values. Camino plans to follow up these results with a geophysical survey.
About the El Secreto Gold, Silver and Copper Project
Recently consolidated by Arcelia Gold Corp. (“Arcelia”), a private BC company, through staking and the acquisition of privately held claims, El Secreto consists of three mineral concessions encompassing over 12,000 hectares (49 square miles). The Project is located approximately 100 km northeast of Mazatlan, Sinaloa State, and is accessible by paved and gravel roads. The geology and mineralization obtained to date suggests that El Secreto is highly prospective for the discovery of both mesothermal gold-silver vein systems and copper-gold porphyry systems. The Project has never been subject to modern exploration techniques or drilling. Camino has an option to earn up to an 80-per-cent interest in El Secreto from Arcelia.
About Camino Minerals Corporation
Camino is a discovery-oriented mineral exploration company formed in connection with Goldcorp’s C$300-million acquisition of Canplats Resources Corp. Camino is led by Canplats’ former management and is focused on precious and base metal projects located in Mexico. For more information on Camino’s properties, please refer to the Company’s website at www.caminominerals.com
The technical information contained in this news release has been reviewed and approved by Richard Dufresne, P.Geo., Camino’s V.P., Exploration, a “Qualified Person” as defined under NI 43-101.
For further information, contact:
Camino Minerals Corporation
R.E. Gordon Davis
Chairman and C.E.O.
Direct: (604) 629-8292
V.P., Corporate Development
Direct: (604) 629-8294
Toll-Free: (866) 338-0047
To receive Camino’s news releases, contact Blaine Monaghan, V.P., Corporate Development, at firstname.lastname@example.org or (866) 338-0047.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States, The securities of Camino described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available
Cautionary Note Regarding Forward-Looking Statements
Statements contained in this news release that are not historical fact are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 and forward-looking information under the provisions of Canadian securities laws (collectively, “forward-looking statements”). Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties include, but are not limited to, the company’s ability to raise sufficient capital to fund exploration, changes in economic conditions or financial markets, changes in prices for the company’s mineral products or increases in input costs, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments in Mexico, technological and operational difficulties or inability to obtain permits encountered in connection with exploration and development activities, labour relations matters, and changing foreign exchange rates, all of which are described more fully in Camino’s filings on SEDAR. The company undertakes no obligation to publicly update or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors, except as required by law. Readers are cautioned not to place undue reliance on forward-looking statements.