Camino Minerals Corporation (COR: TSX-V) (“Camino” or the “Company”) is pleased to announce that an induced polarization (“I.P.”) survey began yesterday at the El Rincon gold project, located in Durango State, Mexico.
The I.P. survey, totaling approximately 30 line kilometers, is focused on the western part of the property where Camino earlier returned samples grading up to 4.03 g/t Au (see news release dated October 13, 2010) from an area known as the Ventana zone. Ventana is located at the southern edge of a gold-in-soils geochemical anomaly that begins at the western edge of the property boundary and is situated in the same northeast-trending structural corridor that hosts Argonaut Gold’s El Castillo gold mine, located 3-km to the west. Largely overlain by post mineral volcaniclastic rocks and ignimbrites the I.P. survey will help further refine targets for a 3,000 metre reverse circulation drill program scheduled to begin in early January, 2011.
In addition to the I.P. survey currently underway at El Rincon, an exploration crew has been mobilized to the Rodeo gold project, also located in Durango State, to map the project at a scale 1:25,000. Camino plans to carry out an I.P. survey at Rodeo early in the new year with a diamond drill program to follow.
Camino is also pleased to announce that it has signed exploration activity agreements with a number of Ejidos and private landowners in areas where the Company will be active at both El Rincon and Rodeo.
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
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:
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.