Ken McNaughton Talks Camino Minerals And Exploration In Peru

The Investing News Network had the chance to speak with Ken McNaughton, CEO of Camino Minerals (TSXV: COR), at the 2015 Canadian Investor Conference, held in Vancouver on May 31 and June 1.

McNaughton served as senior vice president of exploration for Silver Standard Resources (TSX: SSO,NASDAQ:SSRI) for over 20 years, and joined Pretium Resources (TSX:PVG,NYSE:PVG) in 2011 as the company's vice president and chief exploration officer. He took over management at Camino in March, after which it acquired the Red Beds project in Peru.

In the interview above, McNaughton speaks about what's on the docket next for Red Beds. Camino is raising money for a drill program at the project, and McNaughton noted that it will be aimed at delineating the depth potential of the deposit.

"This is a sediment-hosted copper deposit, so this is a brand new discovery," he said. "The potential on these deposits can be anywhere from a million tonnes up to a billion tonnes." Now that Camino has seen potential at surface, McNaughton said that the company needs to establish the depth potential for mineralization in order to get an idea of where Red Beds is within that range.

He also talks more generally about the benefits and challenges of working in Peru, stating that overall that his company is very comfortable with working in the area, and that given the country's mineral potential, it's important to be there.

"It's a great country that's the second- or third-largest producer of copper and the second-largest producer of silver," he said. "So if you want to be precious metals and copper focused, you need to be in Peru." Check out the video for more of what McNaughton had to say.

 

Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

Related reading:

Missed Canvest 2015? Here's What You Need to Know