Camino Minerals (COR-V) drills six m of 232.3 g/t Ag at El Secreto - "On the hunt for new acquisitions."
Aug 12, 2013 - News Release
Camino Minerals Corp. has received final assay results from the recently completed diamond drill campaign at the El Secreto gold and silver project, located in Sinaloa state, Mexico. Camino drilled a total of 2,984 metres in 13 holes between the months of April and July. Seven different targets, including epithermal and mesothermal vein systems and porphyry targets, were tested within a 54-square-kilometre area. The objective of the diamond drill program was twofold: to test for significant gold and silver mineralization in stockwork zones and ore shoots below the mineralization encountered in the company's earlier reverse circulation campaign and to test a number of new exploration targets generated by Camino's property-wide exploration program. Of the seven targets drilled, three returned anomalous gold and/or silver mineralization, with two being new exploration targets.
At the Rio Verde zone, a new exploration target, hole SE-13-013, returned 232.3 grams per tonne (g/t) silver (Ag) and 0.33 per cent lead over six metres (core length). The mineralization is hosted within a silicified and chloritized horizon controlled by local faulting. Further detailed mapping is required to determine the continuity of this structure.
The Corn Field zone contains the Corn Field vein (CFV) and the Corn Field vein South (CFVS), a parallel vein structure located approximately 150 metres south. CFV was tested by Camino in an earlier reverse circulation drill program with hole SE-12-001 returning 84 metres of 0.33 g/t gold (Au) and 6.5 g/t Ag, including 30 metres of 0.58 g/t Au and 11.1 g/t Ag (see news release dated Jan. 18, 2013). Hole SE-13-024 was drilled to test the depth extension of the mineralization intersected in hole SE-12-001 and returned 58.50 metres of 0.12 g/t gold and three g/t silver (core length). CFVS, a new exploration target, was tested by three holes with hole SE-13-021 returning 0.44 g/t Au and 3.14 g/t Ag over 3.5 metres (core length).
Before any subsequent exploration work is undertaken at El Secreto, the data generated from the diamond drill program need to be compiled and interpreted. In the meantime, Camino is currently evaluating a number of advanced-stage gold projects located in northern Mexico and the southwestern United States.
In addition to diamond drilling, Camino completed a gravimetric survey at the Maijoma claim group, located in Chihuahua state, in July. Early results indicate the presence of semi-massive to massive sulphide lenses at depth, located below the anomalous silver, lead and zinc surface samples. Maijoma covers a portion of the recently recognized Maijoma structural break, which was identified by Perry Durning and Bud Hillemeyer just prior to their Camino Rojo discovery. Over 300 kilometres in length, the trend begins at the Santa Eulalia mine, located in Chihuahua, and carries on into Texas. Maijoma is considered to be very prospective for the discovery of carbonate replacement deposits (CRDs) and skarns. Several targets have been identified which require additional mapping and, ultimately, drilling.
"With approximately $1.4-million in the treasury, Camino has sufficient funds to further advance Maijoma and to make new acquisitions," said Gordon Davis, Camino's chairman and chief executive officer.
Assaying for this program was completed by ALS Global through its office in Zacatecas, Mexico, which carries out the sample preparation. The pulps are sent by courier to the company's laboratories in North Vancouver. Gold was analyzed using a 30-gram fire assay with AA finish. A 51-multielement suite using both ICP-MS and ICP-AES techniques was also used. A QA/QC (quality assurance/quality control) program was in place from sample collection through to laboratory analysis. This included use of gold standards, blanks and duplicates. Sample chain of custody was monitored and reported at every stage.
About the El Secreto gold and silver project
Recently consolidated by Arcelia Gold Corp., a private B.C. company, through staking and the acquisition of privately held claims, El Secreto consists of three mineral concessions encompassing over 12,000 hectares (49 square miles). The project is located approximately 100 kilometres northeast of Mazatlan, Sinaloa state, and is accessible by paved and gravel roads. The geology and mineralization obtained to date suggest that El Secreto is highly prospective for the discovery of epithermal and mesothermal gold-silver vein systems. Camino has an option to earn up to an 80-per-cent interest in El Secreto from Arcelia.
We seek Safe Harbor. |
