Camino Minerals Corp. (TSX: V.COR, Stock Forum) said that drilling is underway at the El Secreto gold, silver and copper project in Mexico.
El Secreto consists of three mineral concessions encompassing over 12,000 hectares located in Sinaloa State and is highly prospective for the discovery of epithermal gold-silver vein systems.
According to the Camino Minerals press release, the 2,000 metre reverse circulation drill program commenced over the weekend and is expected to take up to four weeks to complete.
Drilling will initially focus on two target areas, the El Secreto zone, which has returned rock samples of 13.3 grams per tonne gold and 187 grams per tonne silver and the Carrizal Area, which has returned rock samples of 8.8 grams per tonne gold, 316.0 grams per tonne silver and 5.1% copper.
Camino has an option to earn up to an 80% interest in El Secreto from Arcelia Gold Corp.
Camino is a discovery-oriented mineral exploration company formed in connection with Goldcorp’s C$300-million acquisition of Canplats Resources Corp.
On Monday, Caminos stock was up 5.26% and was trading at $0.10 a share. The company has a market cap of $6.5 million, based on 65 million shares outstanding. The 52-week high and low was $0.21 and $0.06 respectively.
