www.caminominerals.com/s/Home.asp
Camino Minerals Corp. is a new mineral exploration company that was formed in connection with Goldcorp Inc.'s acquisition of Canplats Resources Corp. ("Canplats"). Camino is led by Canplats' former management, has approximately C$10-million in the treasury and is focused on precious and base metal projects located in Mexico.
Camino encounters 2.58 g/t gold and 5.0 g/t silver over 19.15 metres at Rodeo
South America-focused Camino Minerals (CVE:COR) said it received final assay results from the remaining 19 holes at its 100 percent-owned Rodeo gold project, located in Durango State, Mexico.
Among the highlights, hole RO-11-026 returned 1.06 grams per tonne (g/t) gold and 13.00 g/t silver over 102.25 metres, including 2.58 g/t gold and 5.00 g/t silver over 19.15 metres.
Camino's diamond drill program, which ended in October, totaled 6,238.20 metres in 29 holes and tested a five-kilometre long north, north-west trending epithermal system.
Camino said the higher grade gold and silver mineralization encountered at Rodeo is hosted in strong silica altered volcaniclastic rocks and appears to be restricted to an area, around Hole RO-11-001 and Hole RO-11-026, measuring approximately 50 metres by 100 metres and extending to a vertical depth of around 50 metres.
Hole RO-11-026 was drilled along strike across the mineralized sections confirming its continuity. The results also suggest that this area of higher grade mineralization is contained within an envelope of lower grade material, which averages approximately 0.30 g/t gold and 5.00 g/t silver, the company said.
While the higher grade gold and silver mineralization appears to be restricted in the southern part of the vein swarm, widely-spaced drill holes up to two kilometres north of this area returned anomalous gold values greater than 0.10 g/t gold, over significant lengths.
In addition, hole RO-11-019 intersected anomalous gold, silver, arsenic, zinc and molybdenum values in the underlying sediments.
The presence of mineralization within the sediments represents a new target for future drilling, the company said. Camino will determine the next step at the Rodeo project once it has compiled and interpreted all of the data.
Assaying from this program were completed by ALS Chemex through their office in Zacatecas, Mexico.
In 2012, the company said it will look to create shareholder value by leveraging its strong management team and balance sheet, with approximately $3.5 million in the treasury, by further advancing its Maijoma Claim Group, a large grassroots precious and base metals prospect located in northern Chihuahua State, and its Mecatona gold-silver project, also located in Chihuahua State.
