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Application filed in Peru to renounce remaining Red Beds claims
Application filed in Peru to renounce remaining Red Beds claims Canada NewsWire ...
About this update from Camino Minerals Corporation
[{"type":"text","content":"\n\n\n\nApplication filed in Peru to renounce remaining Red Beds claims\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, July 11, 2018\n\n\n\nTSX Venture Symbol: COROTCQB Symbol: CAMZF Frankfurt: XC01\n\n\n\nVANCOUVER, July 11, 2018 /CNW/ - Camino Minerals Corporation (\"Camino\" or the \"Company\") (COR: TSX-V) wishes to report that it has filed an application with the Peruvian Mines and Energy Ministry and INGEMMET to renounce the title for remaining claims that formed part of the Red Beds Property located in the Department of Cuzco, Peru. \n\nThe Red Beds Property was a sediment hosted copper project which the Company first acquired in January 2015. Over the life of the project, there had been no surface disturbance on the Red Beds 2 claim, and no substantive work done on the property as a whole since June, 2016. The project was placed on a care and maintenance status, as reported on January 10, 2017.  \n\nEarly this year, Camino initiated talks with regional and national authorities in an attempt donate or transfer the claims back to the government. After consultation with the Mines and Energy Ministry, INGEMMET, and the Environmental Ministry (MINAM), it was recommended that Camino renounce the title of the claims which would clear the path for the government to have the area declared an Area of Non-Admission of Petitioners for mineral claims. Camino has recently filed those applications and expects the title for the claims to be canceled in the near future.\n\nKenneth McNaughton, President and CEO, said, \"When we first got involved with the Red Beds project, we were excited by the exploration potential and its remote location, which at the time meant there was very little tourism. Tourism increased dramatically over the next couple of years, to the point that the Company decided to withdraw from the project. While we would have preferred to explore the property and test its resource potential, given the changes, we felt it was best to focus our efforts at our Chapitos and Villa Hermosa projects.\"\n\nAt Chapitos in the D...