Camino Minerals Sells Wholly Owned Rojo Resources And Provides Red Beds Project Update
June 24, 2015
Camino Minerals Corporation ("Camino" or the "Company") (COR: TSX-V) is pleased to report that it has sold Rojo Resources, a wholly owned Mexican subsidiary, to a private Mexican mining syndicate.
Rojo Resources was incorporated to hold title to the exploration projects transferred as part of the Canplats transaction in 2010.The Company will receive total consideration of MXP 5,949,135 in
monthly installments through December 22, 2015.In a separate transaction completed on May 19, 2015, the Company received proceeds of MXP 1,472,889 for the sale of certain assets to a private
Mexican company.At current exchange rates, these two transactions have a combined value of approximately CDN$592,000.
The Company is also pleased to report on the progress at its Red Beds Project, Department of Cuzco, Peru.Field crews completed the property evaluation and have identified twelve beds of high-grade
copper-silver mineralization: five in the northern portion of the property; three in the center portion; and four in the southern portion. These beds have a cumulative strike extent in excess of 25
kilometers, range in width from 0.3 to 3.0 meters, and generally range in grade from 0.5% to 5% copper, with 10 to 50 ppm silver.Local values range up to +10% copper and +100 ppm silver, with
high grade lens returning a value of 28% copper and 741 ppm silver.
Plans are underway to begin a Phase 1 drill program at Red Beds in Q3, 2015.An updated plan showing the location of the high grade beds and surface sampling is available on the Company's website.
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
Caminoisadiscovery-orientedmineralexplorationcompany. TheCompanyis 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
For further information and investor inquiries, contact:
President and Chief Executive Officer
Phone (604) 566-8778
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.
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technological and operational difficulties or inability to obtain permits encountered in connection with exploration and development activities, labour relations matters, and changing foreign
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