TSX Venture Symbol: COR
OTCQB Symbol: CAMZF
Frankfurt Symbol: XC01
VANCOUVER, April 26, 2018 /CNW/ - Camino Minerals Corporation
("Camino" or the "Company") (COR: TSX-V) is pleased to report results for the first diamond drill hole completed as part of the
2018 drill program on the Adriana Zone ("Adriana") at its Los Chapitos Project ("Chapitos"), located in southern Peru.
Select drill highlights are:
- DCH-058 intersected 0.37% copper over 18.50 meters, including 0.53% copper over 6.10 meters.
DCH-058 was drilled 100 meters to the northwest of holes DCH-32 and DCH-34, which were on the westernmost section drilled in
2017. Hole DCH-58 is also northwest of the Adriana discovery outcrop, and was drilled below the ridge which features no
copper mineralization on surface.
The hole confirmed that the mineralization and stratigraphy are continuing down dip as predicted, and in particular, is
similar to the intersections in hole DCH-32 on the adjacent section (0.21% copper over 29.2 meters, Section 190 – Pad 1). A
follow-up drill hole will be completed to drill below hole DCH-58 and test for thicker intervals of high grade mineralization
similar as to those seen in holes DCH-34 (0.85% copper over 95 meters, Section 190 – Pad 1), DCH-19 (0.97% copper over 42 meters,
Section 230 – Pad 2A), and DCH-12 (0.93% copper over 96.5 meters, Section 230 – Pad 2A). The Adriana Zone remains
open for expansion in all directions as shown on the updated set of plans and sections which are available on the Company website
at www.caminominerals.com.
Kenneth McNaughton, President and CEO, said, "The significance of this intersection is greater
than what it may appear. It confirms the system can be extended into areas where there is little or no surface expression. It
also means the exploration potential of the project is much higher than what we saw when we started work in 2017.
"Our initial work had targeted areas with outcropping mineralization, then expanded those zones through geophysics, trenching
and drilling and now reveal what we believe are largely continuous zones of mineralization that remain open for expansion.
"With the completion of the successful soil survey in early 2018 along the Diva Structure, which revealed anomalous copper
geochemistry along the six kilometer-long trend, this low cost method proved that geochemical sampling is an effective
prospecting tool in an IOCG setting and will be used to evaluate the rest of the property."
The copper mineralization is potentially more pervasive than outcrop would suggest so Camino has staked additional claims and
increased the size of the project by 20% to over 14,000 hectares. A property-wide geochemical sampling program is now being
planned with two primary objectives: (1) identify new zones of previously unrecognized mineralization and (2) to prioritize
exploration over the entire property.
Meanwhile diamond drilling continues with a total of four additional holes having been completed testing for southeast
extensions of the Adriana Zone. Surface work on the Maria geochemical anomaly has exposed the continuation of the Diva Structure
cutting across a large area which appears to host favorable lithologies that have been highly altered and brecciated. The zone
will need to be properly mapped and sampled prior to drilling.
Kenneth C. McNaughton, M.A.Sc., P.Eng., is the Qualified Person (QP) responsible for the
Chapitos project.
Updated drill sections and summary presentation are presented separately and 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-058
|
Pad - 5
|
18.50
|
27.50
|
9.00
|
0.21
|
0.06
|
|
-60/220
|
135.50
|
154.00
|
18.50
|
0.37
|
0.28
|
|
Incl.
|
|
138.00
|
144.10
|
6.10
|
0.53
|
0.42
|
|
|
190.00
|
200.00
|
10.00
|
0.21
|
0.12
|
|
(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.
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.
View original content:http://www.prnewswire.com/news-releases/camino-continues-to-expand-adriana-zone-with-northwest-step-out-drilling-300636835.html
SOURCE Camino Minerals Corporation
View original content: http://www.newswire.ca/en/releases/archive/April2018/26/c7578.html