Projects

Location

Camino Minerals holds three projects (Rodeo, El Rincon and Mecatona) located within the Central Mexican Silver Belt, which has produced more than 3.3 billion ounces of silver and 5.8 million ounces of gold, and a large project (Maijoma) which covers a newly-recognized mineral district in northeast Chihuahua State.

The El Rincon gold project is located 120 kilometers northeast of the city of Durango, Mexico. It is comprised of one mineral claim covering 12,946 hectares (50 square miles) and is accessed by paved highway.

Largely overlain by post mineral volcaniclastic rocks and ignimbrites, El Rincon is situated along the same northeast-trending structural corridor as the El Castillo mine, located 3 kilometers to the west, and Silver Standard's San Agustin deposit.

Camino has completed a 16 hole reverse circulation drill program, totaling 2,932.5 metres, at El Rincon with six of the 16 holes intersecting several mineralized horizons ranging from 1.5 to 16.5 metres in thickness (see news release dated March 18, 2011, for further details). Mineralization in the upper horizon was associated with sugary and glassy smoky quartz veinlets hosted in a strongly oxidized dacite porphyry. In the lower horizon, mineralization was associated with quartz veinlets as well as finely disseminated pyrite within clay to propylitic altered dacite porphyry intruding Mesozoic sediments.

This was the first drill program to be carried out by Camino at El Rincon, with drilling focused in and around an area known as the Ventana Zone, located in the southwest area of the property. El Rincon remains highly prospective as the recently completed drill program tested just a fraction of the overall property.

Camino Minerals holds a 100% interest in the El Rincon property, subject to an underlying finder's fee with La Cuesta International (a privately owned company whose two principal partners are Perry Durning and F.L. "Bud" Hillemeyer) and back-in rights held by Silver Standard Resources Inc. Upon the completion of US$1.5 million in project expenditures, Silver Standard has the one-time right to acquire a 51% interest in the El Rincon project by funding US$3 million in exploration expenditures.

Maps & Photos