VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 13, 2014) - Camino Minerals Corporation (TSX VENTURE:COR) ("Camino" or the "Company") is pleased to announce that it has selected Landdrill International Mexico SA de CV. to drill a minimum of 1,000 metres in four holes at the Maijoma Project ("Maijoma" or the "Project"), located in Chihuahua State, Mexico. Camino anticipates that the reverse circulation drill program will begin during the first week of February, 2014.
Maijoma was acquired by Canplats Resources Corp. ("Canplats") in 2007 through staking by Perry Durning and Bud Hillemeyer and is prospective for the discovery of carbonate replacement deposits (CRDs) and skarns. The Project is owned 100% by the Company and has never before been drill tested. Exploration carried out by Canplats and Camino has identified several large-scale areas of alteration and mineralization in a well-defined east-northeast trending structure that extends for more than 8 kilometres. Maijoma is positioned near the junction of the east-northeast trending structure and a prominent northwest trending regional fault that extends north to the Shafter District. Regionally, structural intersections control major mineralized trends that can be seen at Santa Eulalia, to the west, and the Shafter District, to the north.
Camino believes that the mineralization observed at Maijoma is the high-level expression of a major carbonate replacement hydrothermal system hosted in a thick sequence of favourable Cretaceous limestones. The main drill target is coincident with gravimetric and I.P. anomalies and anomalous zinc-lead-silver surface values. Over 2,890 hectares (11 sq. miles) in size, Maijoma is located 65 kilometres southeast of Ojinaga, in northeast Chihuahua State, and is easily accessed by paved and gravel roads. Please refer to Camino's web site for maps and images of the Project.
"The geology, structural setting and exploration results indicate that Maijoma is highly prospective for the discovery of carbonate replacement deposits," said Gordon Davis, Camino's Chairman and CEO. "We look forward to the start of drilling and reporting the results to our shareholders."
About Camino Minerals Corporation
Camino is a discovery-oriented mineral exploration company formed in connection with Goldcorp's C$300-million acquisition of Canplats. The Company is led by Canplats' former management and is focused on precious and base metal projects located in Mexico. For more information on Camino's projects, please refer to the Company's website at www.caminominerals.com.
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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.