TSX Venture Symbol: COR
VANCOUVER, Nov. 1, 2017 /CNW/ - Camino Minerals Corporation
("Camino" or the "Company") (COR: TSX-V) is pleased to report
results for the next five diamond drill holes completed on the
Adriana Zone ("Adriana") and two holes at the Katty Zone ("Katty")
at its Los Chapitos Project ("Chapitos"), located in southern
Peru.
Select drill highlights for the Adriana Zone include:
- DCH-033 intersected 1.14% copper over 70.3 meters, including
3.16% copper over 12.0 meters;
- DCH-036 intersected 0.76% copper over 91.0 meters, including
1.42% copper over 28.5 meters.
Drill holes DCH-033, DCH-035, and DCH-036 were drilled on
Section 220 from Pad 4, an approximately 150 meter step out to the
southeast from hole DCH-024, which intersected 1.31% copper over
82.5 meters, including 2.19% copper over 32.7 meters. All
three holes intersected the high grade feeder zone as well as a
near surface zone of stratigraphically controlled oxide copper and
chalcocite mineralization. These results confirm that the
diamond drilling at Adriana has intersected a substantial body of
oxide and sulphide copper mineralization that currently measures
over 400 meters long by 150 meters wide by 300 meters deep.
The Adriana Zone is open at depth and in both directions along
trend. In particular, several surface showings between the Adriana
Zone and Katty Zone suggest good potential for expanding Adriana to
the southeast towards Katty.
Two drills are currently working on the initial drill program at
the Atajo Zone, located 6 kilometers to the southwest of
Adriana. When that program has been completed, at least one
of the drills will be mobilized back to Adriana to complete further
step out drilling to the southeast towards the Katty Zone.
At Katty, two additional drill holes (DCH-037 and DCH-038) were
completed which intersected the near surface oxide copper
mineralization found in several of the previous drill holes. The
surface mineralization at Katty is dominantly oxide copper which
has been disrupted by post mineral dykes and faulting. The
mineralization near the tops of the drill holes appears to be
stratigraphically controlled, dipping to the southwest towards the
projection of the Diva Fault. Additional drilling will be
required to test for extensions of this mineralization.
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
(%)
|
Acid
Soluble
Copper
(%)
|
|
Adriana
Zone
|
|
|
|
|
|
|
|
|
DCH-033
|
Pad 4
|
53.50
|
63.70
|
10.20
|
0.49
|
0.31
|
|
-62.5/218
|
126.40
|
136.80
|
10.40
|
0.77
|
0.64
|
|
|
291.40
|
307.90
|
16.50
|
0.18
|
0.11
|
|
|
316.00
|
386.30
|
70.30
|
1.14
|
0.21
|
|
Incl.
|
|
335.70
|
347.70
|
12.00
|
3.16
|
0.30
|
|
|
|
|
|
|
|
|
DCH-035
|
Pad 4
|
118.50
|
145.50
|
27.00
|
0.37
|
0.33
|
|
-52.5/218
|
258.00
|
298.50
|
40.50
|
0.82
|
0.14
|
|
Incl.
|
|
270.50
|
273.30
|
2.80
|
4.26
|
0.20
|
|
|
|
|
|
|
|
|
DCH-036
|
Pad 4
|
88.50
|
179.50
|
91.00
|
0.76
|
0.47
|
|
Incl.
|
-45/218
|
133.00
|
161.50
|
28.50
|
1.42
|
0.70
|
|
|
271.00
|
281.70
|
10.70
|
0.48
|
0.03
|
|
Incl.
|
|
271.00
|
272.50
|
1.50
|
1.84
|
0.03
|
|
|
|
|
|
|
|
|
DCH-039
|
Pad 2
|
121.90
|
125.00
|
3.10
|
0.94
|
0.56
|
|
-75/140
|
153.50
|
169.00
|
15.50
|
0.82
|
0.69
|
|
|
|
|
|
|
|
|
DCH-040
|
Pad 2
|
110.40
|
129.50
|
19.10
|
0.17
|
0.02
|
|
-45/140
|
193.00
|
206.50
|
13.50
|
0.35
|
0.32
|
|
|
|
|
|
|
|
|
Katty
Zone
|
|
|
|
|
|
|
|
|
DCH-037
|
Kat 3,
-45/60
|
13.90
|
18.50
|
4.60
|
1.93
|
1.28
|
|
|
|
|
|
|
|
|
DCH-038
|
Kat 3
|
4.10
|
14.00
|
9.90
|
0.41
|
0.32
|
|
-90/60
|
19.70
|
26.00
|
6.30
|
0.29
|
0.14
|
|
|
88.00
|
95.50
|
7.50
|
0.20
|
0.03
|
|
(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 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
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.
SOURCE Camino Minerals Corporation
