TSX Venture Symbol: COR
OTCQB
Symbol: CAMZF
Frankfurt Symbol: XC01
VANCOUVER, April 4, 2018 /CNW/ - Camino Minerals Corp.
("Camino" or the "Company") (COR: TSX-V) is pleased to announce it
has completed and filed on SEDAR an updated NI 43-101 Technical
Report ("the Report") for its Los Chapitos project ("Chapitos"),
located in southern Peru. The
Report was authored by Mr. David
Burga, P.Geo. who is an Independent Qualified Person and is
an associate of P&E Mining Consultants Inc.
The Report summarizes the field work completed to the end of
2017, including the results from the 16,000 meters of diamond
drilling. It concludes that a substantial amount of follow up
drilling is recommended for step-out and infill drilling on the
Adriana Zone ("Adriana") and Katty
Zone ("Katty") as well as follow-up work on the other
regional targets on the Property.
The recently completed soil survey (March
3, 2018 Press Release) has confirmed the potential to expand
Adriana. The survey has also identified a new area called the
Maria Zone ("Maria") which starts about 800 meters south east of
Katty and extends a further 800 meters along strike. This new
anomaly is in an area which has very little outcrop and has not
previously been examined. The results of the 2018 soil survey
and updated Adriana geology drill sections are shown in the
presentation on the Company website at
www.caminominerals.com.
Kenneth McNaughton, President and
CEO, said, "Prospecting along the Maria Ridge has found high grade
copper mineralization in a series of narrow shears which are
interpreted to be the south east extension of the Diva
Structure. Prospecting has also found mineralization between
Adriana and Katty that is following a north-south zone that
intersects Diva Structure. We remain very encouraged by the
exploration potential at Chapitos based on the number of new copper
showings that we have discovered along with the size and intensity
of the alteration system".
A diamond drill has been mobilized to the property and the first
step out hole completed 100 meters north west of Adriana. The
drill has been moved and will now complete step out holes to the
south east between Adriana and Katty. Additional drilling
will be planned based on the results of these first holes and from
the surface evaluation of Maria. Assays will be released as
they become available.
Kenneth C. McNaughton, M.A.Sc.,
P.Eng., the President and Chief Executive Officer of the Company,
is a Qualified Person (QP) and is responsible for the Los Chapitos
Project exploration program.
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
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.
SOURCE Camino Minerals Corporation