Camino Begins Soil Sampling Program at El Secreto Gold, Silver and Copper Project
(firmenpresse) - VANCOUVER, BEITISH COLUMBIA -- (Marketwire) -- 04/19/12 -- Camino Minerals Corporation ("Camino" or the "Company") (TSX VENTURE: COR) is pleased to announce that a soil geochemical survey is currently underway at the recently optioned El Secreto Gold, Silver and Copper Project ("El Secreto" or the "Project"), located Sinaloa State, Mexico. Over 1,260 samples will be taken in an area approximately 9,000 hectares (34 square miles) in size. The survey is expected to take three months to complete.
"The soil geochemical survey represents the first phase of exploration at El Secreto," said Gordon Davis, Camino's CEO. "We look forward to rapidly advancing El Secreto to the drill stage as we believe it represents a new, exciting discovery opportunity."
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 12,675 hectares (49 square miles). The Project is located approximately 100 kilometres north-east 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 .
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.
To receive Camino's news releases, contact Blaine Monaghan, V.P., Corporate Development, at or (866) 338-0047.
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.
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.
Contacts:
Camino Minerals Corporation - Corporate Information
R.E. Gordon Davis
Chairman and C.E.O.
(604) 629-8292
Camino Minerals Corporation - Investor Inquiries
Blaine Monaghan
V.P., Corporate Development
(604) 629-8294 or Toll-Free: (866) 338-0047
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Unternehmensinformation / Kurzprofil:
Datum: 19.04.2012 - 12:30 Uhr
Sprache: Deutsch
News-ID 136971
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contact information:
Town:
VANCOUVER, BEITISH COLUMBIA
Kategorie:
Mining & Metals
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