TSX Venture Symbol: COR
VANCOUVER, Aug. 15, 2017 /CNW/ - Camino Minerals Corporation
("Camino" or the "Company") (COR: TSX-V) is pleased to report
results for the next four diamond drill holes completed on the
Adriana Zone at its Los Chapitos Project ("Chapitos"), located in
southern Peru. This drilling was designed to test below the
copper oxide mineralization found in outcrop. All of the
drill holes intersected multiple zones of copper oxide and sulphide
mineralization starting at or near surface.
Selected drill highlights include:
- DCH-006 intersected 0.65% copper over 52.5 meters, including
1.15% copper over 16.5 meters;
- DCH-008 intersected 0.84% copper over 20.9 meters, including
2.14% copper over 4.4 meters, and 1.01% copper over 15.0 meters,
including 1.99% copper over 3.0 meters;
- DCH-009 intersected 0.51% copper over 39.0 meters, including
1.17%copper over 7.5 meters.
Holes DCH-006, DCH-008, DCH-009, and DCH-011 were completed from
Pad 1 along with previously released results for holes DCH-001,
DCH-002, and DCH-004. All reported intervals are based on a
nominal 0.30% copper cutoff.
This drilling confirms that the mineralization found on surface
at Adriana measures at least 250 meters long, is up to 150 meters
wide, and extends to a depth of at least 200 meters. It
ranges in grade from 0.10% copper up to 4.75% copper, and is open
at depth, to the west, and to the south. This portion of the
Adriana Zone appears to be controlled by north-south trending
structures that are dipping steeply to the west. Additional
drilling is underway to test for extensions to this
mineralization.
Drilling continues testing the deeper oxide/sulphide
mineralization intersected earlier in the program. A fan of
four holes (DCH-012, DCH-016, DCH-019, and DCH-022) oriented at
azimuth 230 degrees has been completed from Pad 2A, with two more
holes being completed up-dip from these. Drilling has started on a
second fan of holes from Pad 2A oriented at azimuth 205 degrees
(DCH-024). Additional fans of drill holes are planned to test the
over 400 meters of currently defined strike length of this
mineralization, which remains open along strike and at
depth.
To date, 25 diamond drill holes have been completed totaling
6,975 meters, which includes 14 holes at Adriana totaling 4,725
meters, and 11 holes at Katty totaling 2,250 meters. Assays
are pending for seven holes at Adriana and eight holes at Katty and
will be released when available.
Work continues on the project with two drills active, both
currently working at the Adriana Zone. Through the end of the
year, the Company expects to complete an additional 8,000 to 10,000
meters of definition and step-out drilling at the Adriana Zone;
2,000 to 3,000 meters at the Katty Zone; and preliminary drill
programs at both the Vicky Zone, 2 kilometers south east of Katty,
and the Atajo Zone, located on a separate trend 6 kilometers to the
south west. An amendment to the existing exploration permit
has been filed for the proposed drilling at the Vicky Zone. A
separate permit application has been filed for the initial drill
program at the Atajo Zone. The Company expects both will be
approved in time to allow drilling in the fourth quarter of this
year.
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
|
Dip/
Azimuth
(degrees)
|
From
(meters)
|
To
(meters)
|
Interval
(meters)
|
Total
Copper
(%)
|
Acid
Soluble
Copper
(%)
|
Adriana
Zone
|
DCH-006
|
-55/90
|
10.00
|
14.50
|
4.50
|
0.59
|
0.52
|
|
|
23.50
|
76.00
|
52.50
|
0.65
|
0.52
|
Incl.
|
|
43.00
|
59.50
|
16.50
|
1.15
|
1.00
|
|
|
80.50
|
118.00
|
37.50
|
0.38
|
0.23
|
Incl.
|
|
92.50
|
95.50
|
3.00
|
2.05
|
1.15
|
|
|
137.50
|
158.50
|
21.00
|
0.44
|
0.26
|
|
|
158.50
|
173.92
|
15.42
|
0.26
|
0.13
|
|
|
374.70
|
379.80
|
5.10
|
0.29
|
0.25
|
|
|
|
|
|
|
|
DCH-008
|
-75/90
|
8.50
|
14.50
|
6.00
|
0.45
|
0.35
|
|
|
28.00
|
55.00
|
27.00
|
0.64
|
0.42
|
Incl.
|
|
38.50
|
49.00
|
10.50
|
0.98
|
0.65
|
|
|
64.00
|
86.50
|
22.50
|
0.25
|
0.16
|
|
|
139.00
|
159.90
|
20.90
|
0.84
|
0.37
|
Incl.
|
|
155.50
|
159.90
|
4.40
|
2.14
|
0.32
|
|
|
173.50
|
188.50
|
15.00
|
1.01
|
0.19
|
Incl.
|
|
182.50
|
185.50
|
3.00
|
1.99
|
0.14
|
|
|
|
|
|
|
|
DCH-009
|
-59/43
|
44.00
|
83.00
|
39.00
|
0.51
|
0.29
|
Incl.
|
|
69.50
|
77.00
|
7.50
|
1.17
|
0.54
|
|
|
95.00
|
99.50
|
4.50
|
0.72
|
0.56
|
|
|
110.00
|
132.50
|
22.50
|
0.61
|
0.43
|
Incl.
|
|
111.50
|
119.00
|
7.50
|
1.28
|
0.93
|
|
|
167.00
|
176.00
|
9.00
|
0.51
|
0.30
|
|
|
|
|
|
|
|
DCH-011
|
-45/43
|
16.00
|
50.50
|
34.50
|
0.41
|
0.29
|
|
|
61.00
|
74.50
|
13.50
|
0.62
|
0.43
|
|
|
91.00
|
101.50
|
10.50
|
0.72
|
0.52
|
(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 fire assay with AA finish for
gold. Samples over 1% copper were reanalyzed using four acid
digestion with an ore grade ICP finish. Mineralized samples were
analyzed for acid soluble copper by being agitated at room
temperature in a 5% sulphuric acid solution with the copper content
measured by AA. 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.
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
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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.
SOURCE Camino Minerals Corporation