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Camino continues to expand Adriana Zone with step out drilling

January 30, 2018

Camino Minerals Corporation (“Camino” or the “Company”) (COR: TSX-V) is pleased to report results for the final three diamond drill holes completed as part of the 2017 drill program on the Adriana Zone (“Adriana”) at its Los Chapitos Project (“Chapitos”), located in southern Peru. 

 

Select drill highlights are:

  • DCH-054 intersected 0.54% copper over 32.50 meters, including 1.26% copper over 7.30 meters;
  • DCH-056 intersected 0.40% copper over 59.50 meters, including 1.68% copper over 7.60 meters.

Holes DCH-054, DCH-056, and DCH-057 were drilled as step out holes targeting the shallow oxide copper mineralization on the southeast extension of Adriana.  These holes intersected  oxide mineralization further north than expected which was likely the result of  the increased brecciation related to the Carlotta cross structure [see slide 13 of accompanying presentation].  Hole DCH-054 was extended to depth and intersected the Diva Structure about 100 meters southeast from holes DCH-048, and DCH-049. This intersection was relatively deep in a tuffaceous horizon and is interpreted to be similar to the intersection in hole DCH-016 [see slide 16 of accompanying presentation] which undercut over 200 meters of high grade mineralization.  The Adriana Zone now measures over 600 meters along trend, up to 200 meters north from the Diva Structure, over 350 meters deep and is open in both directions along trend and to depth.

 

At the Vicky Zone, hole DCH-051 tested a peripheral target to the south of the main zone, and hole DCH-055 targeted a strong geophysical anomaly but was stopped in a fault zone well short of the anomaly. Neither hole intersected any significant mineralization.  Additional drilling is planned for this zone.

 

Proposed work for 2018 will include additional step out drilling to test the extensions of the Adriana Zone to the northwest and southeast towards the Katty Zone.  Ground crews completed two lines of soil sampling as a test across the Adriana Zone which yielded encouraging results, and as a result the soil survey is being expanded to cover the entire 6 kilometer long trend centered on the Adriana and Katty Zones.  Scoping level metallurgical studies will be completed on samples from the Adriana and Katty, and finally, permit applications will be filed so that sufficient drilling can be completed to support an initial resource estimation. 

 

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

 

Updated drill sections and summary presentation can be found on the company website at www.caminominerals.com.

 

Table 1: Selected Diamond Drill Results, (1,2)

Hole

Number

Pad #

Dip/Azimuth

(degrees)

From

(meters)

To

(meters)

Interval (meters)

Total Copper
(%)

Soluble Copper
(%)

Adriana Zone

 

 

 

 

 

 

 

DCH-054

Pad - 4

65.25

74.00

8.75

0.42

0.36

 

-67.5/175

85.50

118.00

32.50

0.54

0.45

Incl.

 

101.70

109.00

7.30

1.26

1.17

 

 

360.00

370.50

10.50

0.84

0.76

Incl.

 

361.50

364.50

3.00

2.25

2.14

 

 

561.00

562.50

1.50

1.14

0.22

 

 

568.10

571.00

2.90

0.59

0.05

 

 

 

 

 

 

 

DCH-056

Pad - 4

79.50

139.00

59.50

0.40

0.37

Incl.

-55/175

130.60

135.20

4.60

1.68

1.60

 

 

 

 

 

 

 

DCH-057

Pad - 4

71.50

82.00

10.50

0.22

0.17

 

-55/152

231.00

240.00

9.00

0.30

0.19

 

 

 

 

 

 

 

(1)True thickness to be determined.                                                                                                                  

(2)All samples were submitted for preparation and analysis by ALS Chemex at its facilities in Lima, Peru. All samples were analyzed using multi-digestion with ICP finish and select samples were analyzed for gold using fire assay with AA finish. Samples over 1% copper were reanalyzed using four acid digestion with an ore grade ICP finish.  Mineralized samples were analyzed for soluble copper by sequential leaching where they are first agitated at room temperature in a 5% sulphuric acid solution with the copper content measured by AA. The tails from the acid leach are then agitated in a 10% sodium cyanide solution with an AA finish to determine the amount of copper contained in secondary sulphides such as chalcocite and bornite.   One in 20 samples was blank, one in 20 was a standard sample, and one in 20 samples had a sample cut from assay rejects assayed as a field duplicate at ALS Chemex in Lima, Peru.

 

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.

 

For further information and investor inquiries, contact:

 

Ken McNaughton
President and Chief Executive Officer
Phone (604) 566-8778
info@caminominerals.com
http://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.

 

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation, those risks identified in the Company’s annual disclosure materials, filed with the securities regulatory authorities in Canada and available at www.sedar.com.  Readers are encouraged to read these materials.  Prospective investors should not place undue reliance on forward-looking information.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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