TSX Venture Symbol: COR
OTCQB Symbol: CAMZF
Frankfurt: XC01
VANCOUVER, Feb. 8, 2018 /CNW/ - Camino Minerals Corporation
("Camino" or the "Company") (COR: TSX-V) is pleased to report
soluble copper results for diamond drill holes DCH-001 through
DCH-040 which were completed as part of the 2017 drill program on
the Adriana Zone ("Adriana") and the Katty Zone ("Katty") at its
Los Chapitos Project ("Chapitos"), located in southern
Peru.
Select highlights are:
- DCH-012 intersected 0.93% total copper over 96.50 meters of
which 0.69% reports as soluble copper, including 5.01% total copper
of which 4.37% reports as soluble copper;
- DCH-024 intersected 0.85% total copper over 95.95 meters of
which 0.75% copper reports as soluble copper, including 3.16% total
copper over 6.15 meters of which 3.01% copper reports as soluble
copper.
Drill samples for the mineralized intervals in holes DCH-001
through DCH-040 were reanalyzed using a sequential leach to
determine the total soluble copper values which includes values
from both oxide copper and secondary copper sulphide minerals. This
reanalysis found that the average soluble copper values more than
doubled over the previously reported oxide copper values. For
intervals specifically within the high grade Diva Structure, the
average soluble copper increased by over 500%. This is
significant as the mineralization in the Diva Structure could
potentially be processed either by heap leach producing cathode
copper or by conventional milling producing a copper concentrate.
Results comparing the acid soluble to the total soluble copper
values have been tabulated and can be found under the Chapitos
Project tab of the Company website. Holes DCH-041 to DCH-057
were assayed directly using the sequential leach technique and are
included in the tabulation.
In other developments, drill data from the Adriana drilling has
been compiled into a 3D model which can be viewed on the Company
website.
https://www.caminominerals.com/projects/los-chapitos-project/. The
model shows the multiple intersections that delineate the Diva
Structure, and several beds of volcanoclastics, one of which forms
the discovery outcrop and hosts the near surface mineralization
intersected by the drilling from Pad 1. This bed dips to the
northwest and is open for extension in that direction, particularly
where it intersects the Dive Structure. A second, deeper bed of
volcanoclastics dips parallel to the upper one and is projected to
daylight southeast of Adriana. Drill results from late in 2017
confirm that this bed is well mineralized with oxide copper values
and is open for extension to the southeast and at depth. The
current geologic interpretation suggests there are additional beds
which would daylight further to the southeast and may be related to
mineralization at Katty and other showings.
Ground crews recently completed a soil survey which covers the 6
kilometer long trend centered on the Adriana and Katty Zones. The
results for the central portion of the grid are available and shown
in the updated presentation on the Company website. Results are
still pending for the remaining two thirds of the samples which
cover the east and west ends of the grid. The available results
show a well-defined, linear anomaly that is coincident with the
projection of the Diva Structure. There are also a number of broad
anomalies which will be prospected and trenched in the weeks
ahead.
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. 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
estimate.
Kenneth C. McNaughton, M.A.Sc.,
P.Eng., is the Qualified Person (QP) responsible for the Chapitos
project.
Updated summary presentation can be found on the company website
at www.caminominerals.com.
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