TSX Venture Symbol: COR
VANCOUVER, May 21, 2015 /CNW/ - Camino Minerals Corporation ("Camino" or the "Company") (COR: TSX-V) is pleased to report on the progress at its Red Beds project, Department of Cuzco, Peru. Field crews were mobilized in March and have identified nine additional beds of high grade copper-silver mineralization; five in the northeast portion of the property, and four in the south. As a result of these discoveries, additional claims have been staked and the property now covers 5,300 hectares.
Of the five beds found in the northeast, three have have been traced on surface for between 1.0 and 1.5 kilometers before the mineralization disappears under cover to the west. Copper values generally ranged between 1.0 % and 4.0% over exposed widths of 0.4 meters to 1.5 meters. These beds appear to correlate with some of the previously located beds that cross a ridge lying 3 kilometers to the west.
In the southern section of the property, sampling along the crest of the central ridge located four relatively closely spaced beds, which returned copper values between 2.5% and 4.0%. Sampling at the base of the ridge two kilometers to the east, located blocks of mineralization with similar characteristics and grades. Additional sampling across the project has been ongoing and results will be reported when they are available. A plan showing the location of the surface sampling is available on the Company website.
As part of the surface sampling program, a man portable drill was used to diamond drill the exposed mineralization. The drill produced the equivalent of BQ thin wall sized core and was able to drill to a depth of up to 5 meters. Assays will be reported when available.
Kenneth C. McNaughton , M.A.Sc., P.Eng., the President and Chief Executive Officer of the Company, is a Qualified Person (QP) and is responsible for the Red Beds Project exploration program.
About Camino Minerals Corporation
Camino is a discovery-oriented mineral exploration company. The Company is focused on the acquisition and development of high grade copper and precious metal projects. For more information, please refer to Camino's website at www.caminominerals.com
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 and Information
This News Release may contain "forward-looking information" and "forward looking statements" within the meaning of applicable Canadian and United States securities legislation. Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words "anticipates," "believes," "may," "continues," "estimates," "expects," and "will" and words of similar import, constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking information may include, but is not limited to, information with respect to our planned exploration activities, the adequacy of our financial resources, the estimation of mineral reserves and resources, results of future exploration and drilling. Wherever possible, words such as "plans", "expects", "projects", "assumes", "budget", "strategy", "scheduled", "estimates", "forecasts", "anticipates", "believes", "intends", "targets" and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative forms of any of these terms and similar expressions, have been used to identify forward-looking statements and information.
Such forward-looking statements and information 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, our 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 the countries in which we hold mineral properties, 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 our filings on SEDAR. We do not assume any obligation to update forward-looking statements and information, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, prospective investors should not place undue reliance on forward-looking statements and information.
SOURCE Camino Minerals Corporation
For further information: and investor inquiries, contact: Ken McNaughton, President and Chief Executive Officer, Phone (604) 566-8778, firstname.lastname@example.org, http://www.caminominerals.com