Camino’s first drilling programme at Maijoma project is underway

2 February 2014 (Last Updated February 2nd, 2014 18:30)

Camino Minerals corporation has said that its first drilling programme is on-going at its fully-owned Maijoma Project in Mexico.

Camino Minerals corporation has said that its first drilling programme is on-going at its fully-owned Maijoma Project in Mexico.

The Canadian mineral explorer is planning to drill a minimum of four holes in the 1,000m reverse circulation drill programme.

Located 65km south-east of Ojinaga in north-east Chihuahua State, the 2,890ha Maijoma is prospective for the discovery of skarns and zinc-lead-silver carbonate replacement deposits (CRDs).

Maijoma is positioned near the junction of the east-north-east trending structure and a north-west trending regional fault that extends north to the Shafter District.

"The geology, structural setting and exploration results indicate that Maijoma is highly prospective for the discovery of carbonate replacement deposits."

Meanwhile, Canplats and Camino have completed exploration work and found several large-scale areas of alteration and mineralisation in a well-defined east-north-east trending structure that extends for over 8km.

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."

Santa Eulalia is located about 170km west of Maijoma. It was first discovered by the Spanish in 1591 and has produced approximately 12,000t of silver, 3Mt of lead and 2Mt of zinc.

In June 2013, Camino carried out a ground gravimetric survey taking 634 gravity points and a coverage area of 490ha over a portion of the east-north-east trending corridor. The survey identified two gravity anomalies, one to the north-east measuring about 1,500m by 200m and another one to the south.

Maijoma was acquired by Canplats Resources in 2007 through staking by Perry Durning and Bud Hillemeyer.

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