Camino Minerals. Ex Canplats management, indrukwekkende cv's, dat voor dik geld aan Goldcorp is verkocht. 10 miljoen op de bank. Ong 65 miljoen aandelen uitstaand.
Camino Minerals holds three projects (Rodeo, El Rincon and Mecatona) located within the Central Mexican Silver Belt, which has produced more than 3.3 billion ounces of silver and 5.8 million ounces of gold, and a large project (Maijoma) which covers a newly-recognized mineral district in northeast Chihuahua State.
The El Rincon gold project is located 120 kilometers northeast of the city of Durango, Mexico. It is comprised of one mineral claim covering 12,946 hectares (50 square miles) and is easily accessed by paved highway.
The El Rincon property is located along the same northeast-trending structural corridor as the El Castillo mine, located 10 kilometers to the west and currently in production for Argonaut Gold (proven and probable reserves of 752,000 ounces gold, with measured and indicated resources of 1,180,000 ounces gold), and Silver Standard's San Agustin deposit (indicated resources of 1.59 million ounces gold, with inferred resources of 1.06 million ounces gold). Initial work at El Rincon has identified ground magnetic geophysical anomalies which are coincident with gold biogeochemical anomalies.
Camino Minerals holds a 100% interest in the El Rincon property, subject to an underlying finder's fee with La Cuesta International (a privately owned company whose two principal partners are Perry Durning and F.L. "Bud" Hillemeyer) and back-in rights held by Silver Standard Resources Inc. Upon the completion of US$1.5 million in project expenditures, Silver Standard has the one-time right to acquire a 51% interest in the El Rincon project by funding US$3 million in exploration expenditures.