Camino Minerals Corporation (COR: TSX-V) (“Camino” or the “Company”) is pleased to announce that it has completed the first phase of exploration at all four of its mineral exploration projects, principally gold projects, located in Mexico.
The exploration program included detailed airborne magnetic and radiometric surveys, totaling 8,885 line-kilometers, at the El Rincon Gold Project (Durango State), the Maijoma Claim Group (Chihuahua State), the Mecatona Gold Project (Chihuahua State) and the Rodeo Gold Project (Durango State). In addition to the airborne surveys, El Rincon and Rodeo were also mapped and subject to soil and stream sediment geochemical surveys. Data from the first phase of exploration is currently being reviewed and will be announced in a subsequent news release. The next phase of exploration will include a ground geophysics program at El Rincon to help further define targets for a fall drilling campaign.
The Company is also pleased to announce the appointment of Francois Gaboury to the position of Chief Geologist. Mr. Gaboury brings to Camino more than 25 years of experience in the mineral exploration and development industry. He previously worked as a senior geologist with a number of major mining companies, including Minera Barrick Misquichilca S.A. (a subsidiary of Barrick Gold Corporation) and Teck Resources Limited. Mr. Gaboury is a fluent Spanish speaker and has considerable exploration experience in Latin America, including Argentina, Chile, Dominican Republic, Ecuador, Peru and Mexico. Mr. Gaboury graduated from the University of Montreal with a B.Sc. in geology.
About Camino Minerals Corporation
Camino is a new, well-funded mineral exploration company that was formed in connection with Goldcorp’s 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.
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
www.caminominerals.comTo 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.
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.