Camino Minerals has obtained final assays of the remaining 19 holes at the Rodeo gold project, Mexico. The company encountered 5.00 g/t silver and 2.58 g/t gold over 19.15 m, 13.00 g/t silver and 1.06 g/t gold over 102.25 m in the hole RO-11-026.
The company drilled 6,238.20 m, totaling 29 holes, during October 2011 and examined a 5 km long north-west and north trending epithermal system. It released the results of the initial 10 holes.
The high-grade mineralization of gold and silver is present in strong silica altered volcaniclastic rocks and this mineralization measures around 50 x 100 m that expands to a depth of around 50 m vertically. The company drilled the hole RO-11-026 along the strike across the mineralized segments and validated the continuity. This high-grade mineralization region is present in a low-grade material envelope that encountered around 5.00 g/t silver and 0.30 g/t gold.
Drill holes that are spaced extensively, which is up to 2 km to the northern part of this region, yielded anomalous values of gold, as the high-grade mineralization of gold and silver seems to be limited in the vein swarm’s south portions. The company cut anomalous values of arsenic, gold, molybdenum, silver and zinc in the hole RO-11-019 in the underlying sediments. Fault bounding is present in between the contact of the sediments and volcaniclastics. The mineralization occurrence in the sediments has shown a fresh target for the upcoming drill program. The company will agree for the subsequent drilling phase at the Rodeo project, when the data is compiled and analyzed.