Exploration company Camino Minerals has awarded a contract to Landdrill International Mexico for drilling a minimum of 1,000m in four holes at the Maijoma project in Chihuahua state, Mexico.
Camino anticipates that the reverse circulation drill programme will commence in the first week of February this year, to test both the north-east and southern anomalies.
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Camino believes that the mineralisation at Maijoma is the high-level expression of a major carbonate replacement hydrothermal system hosted in a thick sequence of limestone.
To date, exploration comprised of an airborne magnetic and radiometric survey, a ground gravimetric survey, an I.P. survey, geological mapping and rock sampling.
During this time, the company witnessed several large-scale areas of alteration and mineralisation in a well-defined east-north-east trending structure that extends for more than 8km.
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Camino chairman and CEO Gordon Davis said the geology, structural setting and exploration results indicate that Maijoma is highly prospective for the discovery of carbonate replacement deposits.
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By GlobalData"We look forward to the start of drilling and reporting the results to our shareholders," Davis said.
The Maijoma is 100%-owned by Camino and located in northern Mexico, 65km southeast of Ojinaga, Chihuahua state. It is easily accessed by paved and gravel roads.
Maijoma was acquired by Canplats Resources in 2007 through staking by Perry Durning and Bud Hillemeyer.
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