Application Filed IN PERU to Renounce Remaining Red Beds Claims
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Phone: 604-566-8778 | Fax: 604-558-4784 | Email: [email protected]
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NEWS RELEASE
#14-2018
July 11, 2018 TSX Venture Symbol: COR
OTCQB Symbol: CAMZF
Frankfurt: XC01
APPLICATION FILED IN PERU TO RENOUNCE REMAINING RED BEDS CLAIMS
Camino Minerals Corporation (“Camino” or the “Company”) (COR: TSX-V) wishes to report
that it has filed an application with the Peruvian Mines and Energy Ministry and INGEMMET
to renounce the title for remaining claims that formed part of the Red Beds Property located in
the Department of Cuzco, Peru.
The Red Beds Property was a sediment hosted copper project which the Company first acquired
in January 2015. Over the life of the project, there had been no surface disturbance on the Red
Beds 2 claim, and no substantive work done on the property as a whole since June, 2016. The
project was placed on a care and maintenance status, as reported on January 10, 2017.
Early this year, Camino initiated talks with regional and national authorities in an attempt
donate or transfer the claims back to the government. After consultation with the Mines and
Energy Ministry, INGEMMET, and the Environmental Ministry (MINAM), it was
recommended that Camino renounce the title of the claims which would clear the path for the
government to have the area declared an Area of Non-Admission of Petitioners for mineral
claims. Camino has recently filed those applications and expects the title for the claims to be
canceled in the near future.
Kenneth McNaughton, President and CEO, said, “ When we first got involved with the Red Beds
project, we were excited by the exploration potential and its remote location, which at the time meant there
was very little tourism. Tourism increased dramatically over the next couple of years, to the point that
the Company decided to withdraw from the project. While we would have preferred to explore the property
and test its resource potential, given the changes, we felt it was best to focus our efforts at our Chapitos
and Villa Hermosa projects.”
At Chapitos in the Department of Arequipa, the regional soil sampling program is proceeding
with over 4,500 samples collected and analyzed from approximately 125 kilometers of survey
line. As expected, anomalous trends are being defined along several geologic contacts and
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structural trends. This work is ongoing and results will be reported when the program has been
completed. Diamond drilling has already outlined significant copper mineralization in several
zones at or near surface, and the objective of the soil survey is to identify potential blind targets
elsewhere on the 16,000 hectare property.
At Villa Hermosa in the Department of La Libertad in central Peru, the property vendor has
opened up more workings on the property subsequent to the Company’s initial due diligence
sampling five years ago. All of the accessible workings have now been systematically sampled
and sent to the lab for analysis. The target at Villa Hermosa is high-grade gold in quartz veins
nested within in a 40-meter wide quartz stockwork zone. The Company expects to complete
follow-up sampling and data compilation prior to recommending drilling. Two privately-
owned high-grade gold mines operate in the vicinity in similar geologic settings.
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:
Ken McNaughton
President and Chief Executive Officer
Phone (604) 566-8778
http://www.caminominerals.com
Cautionary Note Regarding Forward-Looking Statements and Information
This News Release contains “forward-looking information” and “forward looking statements” within
the meaning of applicable Canadian and United States securities legislation. Statements contained herein
that are not based on historical or current fact, including without limitation statements containing the
words “anticipates,” “believes,” “may,” “continues,” “estimates,” “expects,” and “will” and words of
similar import, constitute “forward-looking statements” within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995.
Forward-looking information may include, but is not limited to, information with respect to our planned
exploration activities, the adequacy of our financial resources, the estimation of mineral reserves and
resources, the results of future exploration and drilling. Wherever possible, words such as “plans”,
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Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other
factors that could cause actual events or results to differ from those expressed or implied by the forward-
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disclosure materials, filed with the securities regulatory authorities in Canada and available at
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www.sedar.com. Readers are encouraged to read these materials. Prospective investors should not place
undue reliance on forward-looking information.
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