RE:camino in peruNevermind, old news i think -
Camino applies to renounce title for Red Beds claims
2018-07-11 02:47 ET - News Release
Mr. Kenneth McNaughton reports
APPLICATION FILED IN PERU TO RENOUNCE REMAINING RED BEDS CLAIMS
Camino Minerals Corp. 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.
The 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 Jan. 10, 2017.
Early this year, Camino initiated talks with regional and national authorities in an attempt to 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 cancelled in the near future.