Oct 14 2010
Camino Minerals Corporation (TSX VENTURE:COR) has announced that samples grading up to 4.03 g/t Au have been returned from the El Rincon gold project, located in Durango State, Mexico.
The samples were collected at the western edge of El Rincon's property boundary, 3-km to the east of Argonaut Gold's El Castillo gold mine which hosts 752,000 ounces of proven and probable gold reserves (46,800,000 tonnes grading 0.50 g/t Au) and 1.18 million ounces of measured and indicated gold resources (94,300,000 tonnes grading 0.39 g/t Au)1.
El Rincon is largely overlain by post mineral volcaniclastic rocks and ignimbrites. However, meta-sediments, intruded by dacitic dykes, are exposed at the western edge of El Rincon's property boundary in an area now known as the Ventana Zone. The mineralization sampled at Ventana is similar to that seen at the El Castillo.
Ventana is located at the southern edge of a gold-in-soils geochemical anomaly. The anomaly begins at the western edge of the property boundary and is situated in the same northeast-trending structural corridor that hosts El Castillo.
Exploration at El Rincon included detailed airborne magnetic and radiometric surveys, mapping at a scale 1:25,000 and a soil geochemical survey. Permitting for geophysical lines and drilling pads is currently underway. An induced polarization (IP) survey of approximately 30 line kilometers is planned at El Rincon and will be followed by a drill program.
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 the El Castillo gold mine, located 3-kilometres to the west and currently in production for Argonaut Gold Inc., and Silver Standard's San Agustin deposit, located 30-kilometres to the southwest.
Camino has completed 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). The Company has not received the final report but preliminary results show a number of prospective structures which require follow up. Exploration plans for Camino's other projects will be announced in the near future.
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.
(1) Argonaut Gold's website: www.argonautgoldinc.com
Source: Camino Minerals Corporation