Camino Minerals Corporation (COR: TSX-V) (“Camino” or the “Company”) is pleased to announce that a 3,000 metre reverse circulation drill program is currently underway at the El Rincon gold project, located in Durango State, Mexico.
Drilling will be focused in and around an area known as the Ventana Zone, located in the southwest area of the property, where Camino earlier returned samples grading up to 4.03 g/t Au (see news release dated October 13, 2010). Ventana is situated within a gold geochemical anomaly that is coincident with an induced polarization chargeability anomaly, all of which occur within a northeast-trending structural corridor that hosts Argonaut Gold’s El Castillo gold mine, located 3-km to the west. An updated map, showing the location of the Ventana Zone, will be available at Camino’s web site: www.caminominerals.com
“The year ahead promises to be an exciting one,” said Gordon Davis, Camino’s Chairman and CEO. “In addition to the drill program currently underway at El Rincon, we also plan to drill the Rodeo gold project, in the state of Durango, and the Maijoma claim group, in the state of Chihuahua.”
El Rincon is located 120-kilometres northeast of the city of Durango, located in Durango State, Mexico, and is accessed by paved highway. The 12,946 hectare (50 square miles) property is situated along the same northeast-trending structural corridor as Argonaut Gold’s El Castillo gold mine and Silver Standard’s San Agustin deposit. El Rincon holds potential for the discovery of bulk-tonnage gold mineralization.
Annual General and Special Meeting
Shareholders and interested parties are invited to attend Camino’s Annual General and Special Meeting (“AGM”) being held at 2:00pm on Tuesday, January 25, at the Terminal City Club (Terrace Room B), located in Vancouver. Following the AGM, Richard Dufresne, Camino’s V.P. Exploration, and Francois Gaboury, Camino’s Chief Geologist, will provide an overview of Camino’s projects and exploration plans for 2011. Alternatively, Camino will be attending and presenting at the Vancouver Resource Investment Conference being held January 23 and 24.
About Camino Minerals Corporation
Camino is a new, well-funded mineral exploration company that was formed in connection with Goldcorp’s C$300-million acquisition of Canplats. 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 and associated agreement terms, 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 National Instrument 43-101.
For further information, contact:
Corporate Information:
Camino Minerals Corporation
R.E. Gordon Davis
Chairman and C.E.O.
Direct: (604) 629-8292
Investor Inquiries:
Blaine Monaghan
V.P., Corporate Development
Direct: (604) 629-8294
Toll-Free: (866) 338-0047
info@caminominerals.com
www.caminominerals.com To receive Camino’s news releases, contact Blaine Monaghan, V.P., Corporate Development, at info@caminominerals.com 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.
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.
