Camino Minerals (CVE:COR) announced Tuesday it has completed a 3,400-metre drill program at its wholly owned Rodeo gold project, assays for which are expected in the coming weeks.
The Rodeo property covers 13,099 hectares, and is located 160 kilometres north of the city of Durango in Mexico. Originally operated by Canplats Resources Corp (OTC:CPQRF), drilling on the property confirmed near-surface gold mineralization in 2004, including 5.43 grams per tonne (g/t) gold and 13.27 g/t silver over 30 metres in hole BR-06.
An induced polarization (NYSE:IP) survey, carried out on the Rodeo property earlier this year, indicated strong potential for high-grade gold mineralization along strike and to depth. The company said the current, 6,500-metre diamond drill program on Rodeo will continue into the fall.
Meanwhile, Camino also reported results from work at its 100% owned Maijoma claim group, which is located 65 kilometres southeast of the city of Ojinaga in the northeast region of the Chihuahua state in Mexico.
A recently completed 34.2 line-kilometre IP survey at the Los Volcanes concession, which covers nearly 19,000 hectares of the 83,900-hectare claim group, identified several anomalous resistivity/chargeability trends, it said. Additional detailed mapping and sampling will be carried out over the surveyed area on the Maijoma claim.
Shares of the Vancouver, B.C.-based mineral exploration company were unchanged, trading at $0.27 on Tuesday.