Progress Updates For Lost Cabin And Red Beds Projects
September 15, 2015
Camino Minerals Corporation ("Camino" or the "Company") (COR: TSX-V) is pleased to report on recent activities at its Red Beds project in Peru, and Lost Cabin project in Oregon. On February 4,
2015, Camino announced it had optioned the Lost Cabin Project from La Cuesta International Inc., and have since completed a field evaluation of the project. The property lies within the Basin and
Range Province in southern Oregon, and covers a layered dome complex consisting of rhyolite, andesite and dacite flows, which have been intruded by quartz monzonite. The basement geology is covered
by a thin layer of barren basalt flows, which masks most of the prospective geology. Moderate to intense argillic alteration is exposed for over 3 kilometers in a northwest trending valley. Within
the exposed alteration are epithermal quartz veins, stock work, and breccia's. Numerous anomalous gold values were returned from grab samples, including 38.0 gpt and 2.8 gpt gold at the western end
of the zone, as well as 5.5 gpt and 1.9 gpt gold in the east. The alteration, vein textures, and surface gold values suggest potential to find a substantial low-sulphidation, epithermal gold system
located at relatively shallow depths. Additional field work will be completed in early October.
Upon completion of the $800,000 private placement, Camino initiated the environmental, archeological, and socioeconomic studies required for the Red Beds drill permit applications. Recent changes
to the local permitting procedures have increased the time required to prepare a permit application, and as a result, they are expected to be ready for submission by late October. In the meantime,
field crews continue to work with the local communities to improve the access to the project and begin construction of an exploration camp.
The Red Beds Project is a sediment hosted copper deposit. Prospecting and channel sampling have defined 12 beds of high grade copper-silver mineralization. These beds have an exposed cumulative
strike extent in excess of 25 kilometers, range in width from 0.3 to 3.0 meters, and average grades in the range of 0.5% to 5% copper, with 10 to 50 gpt silver. Local values range up to +10% copper
and +100 gpt silver.
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
For further information and investor inquiries, contact:
President and Chief Executive Officer
Phone (604) 566-8778
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