Rodeo Gold Project
LocationCamino 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 Rodeo gold project is located 150 kilometres north of the city of Durango, Durango State, Mexico, and is comprised of two claims covering 13,099 hectares (51 square miles). The property is easily accessed by paved highway. Rodeo hosts gold and silver mineralization related to a low sulfidation epithermal system that is controlled by major north-northwest and east-northeast trending fault systems. Canplats Resources Corp. ("Canplats") drilled a total of 3,449 metres in 25 holes at Rodeo from 2004-2007 before concentrating its activity on the Camino Rojo discovery. Past drilling by Canplats tested approximately 600 metres of the 5-kilometre long epithermal system and only two holes exceeded a depth of 200 metres. A reverse circulation drilling by Canplats in 2004 confirmed the presence of near-surface gold mineralization, hosted in quartz rich structures, over significant intervals, hole BR-06 returned 5.5 g/t Au and 12.5 g/t Ag over 28 metres, including 35.6 g/t Au and 37.0 g/t Ag over 1 metre. Subsequent diamond drilling in 2007 returned broad mineralized intervals, including 0.23 g/t Au and 8.68 g/t Ag over 103.1 metres (hole BRD-002). Camino's diamond drill program, which ended in October, 2011, totaled 6,238.20 metres in 29 holes and tested the 5-kilometre long north, north-west trending epithermal system. Please see the table below for significant Au and Ag results:
The higher grade gold and silver mineralization is hosted in strong silica altered volcaniclastic rocks and appears to be restricted to an area, around Hole RO-11-001 and Hole RO-11-026, measuring approximately 50 metres by 100 metres and extending to a vertical depth of approximately 50 metres. Hole RO-11-026, which returned 1.06 g/t Au and 13.00 g/t Ag over 102.25 metres, including 2.58 g/t Au and 5.00 g/t Ag over 19.15 metres, was drilled along strike across the mineralized sections confirming its continuity. The results also suggest that this area of higher grade mineralization is contained within an envelope of lower grade material, which averages approximately 0.30 g/t Au and 5.00 g/t Ag. While the higher grade gold and silver mineralization appears to be restricted in the southern part of the vein swarm, widely-spaced drill holes up to 2-km north of this area returned anomalous gold values, greater than 0.10 g/t Au, over significant lengths. In addition, Hole RO-11-019 intersected anomalous Au, Ag, As, Zn and Mo values in the underlying sediments. This contact between the volcaniclastics and the sediments is fault bounded. The presence of mineralization within the sediments represents a new target for future drilling. Camino will determine the next step at the Rodeo Gold Project once it has compiled and interpreted all of the data. Camino holds a 100% interest in the Rodeo Gold Project. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||





