Camino Minerals receives approval to drill at Lost Cabin project, Oregon

TSX Venture Symbol: COR

VANCOUVER, Aug. 9, 2016 /CNW/ - Camino Minerals Corp. ("Camino" or the "Company") (COR: TSX-V), is pleased to announce that it has received regulatory approval to drill at the Lost Cabin project, in south-central Oregon. The Company has received notice from the US Bureau of Land Management (BLM) that it has accepted the plan of operation, described in the Notice for Exploration Drilling, submitted September, 2015. 

On February 4, 2015, Camino announced it had optioned the Lost Cabin Project from La Cuesta International Inc., and has since completed a field evaluation of the project.  Anomalous gold values were returned from grab samples, including 38.0 gpt and 2.8 gpt gold at the western end of the zone, as well as 5.5 gpt and 1.9 gpt gold in the east.  The property lies within the Basin and Range Province in southern Oregon, and covers a layered dome complex.  Moderate to intense argillic alteration is exposed for over 3 kilometers in a northwest trending valley.  Within the exposed alteration are epithermal quartz veins, stock work, and breccia's, which have potential to host a low-sulphidation, epithermal gold system.

Kenneth C. McNaughton , M.A.Sc., P.Eng., is the Qualified Person (QP) responsible for the Lost Cabin project.

About Camino Minerals Corporation

Camino is a discovery-oriented mineral exploration company. The Company is focused on the acquisition and development of high grade copper and precious metal projects. For more information, please refer to Camino's website at www.caminominerals.com

Cautionary Note Regarding Forward-Looking Statements and Information

This News Release contains "forward-looking information" and "forward looking statements" within the meaning of applicable Canadian and United States securities legislation. Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words "anticipates," "believes," "may," "continues," "estimates," "expects," and "will" and words of similar import, constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995.

Forward-looking information may include, but is not limited to, information with respect to our planned exploration activities, the adequacy of our financial resources, the estimation of mineral reserves and resources, the results of future exploration and drilling.  Wherever possible, words such as "plans", "expects", "projects", "assumes", "budget", "strategy", "scheduled", "estimates", "forecasts", "anticipates", "believes", "intends", "targets" and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative forms of any of these terms and similar expressions, have been used to identify forward-looking statements and information.

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SOURCE Camino Minerals Corp.