Camino Commences Drilling on its Los Chapitos Copper Discovery
Camino Commences Drilling on its Los
Chapitos Copper Discovery
Vancouver, British Columbia--(Newsfile Corp. - October 6, 2020) -
Camino Corp.
(TSXV: COR) (OTC
Pink: CAMZF) (WKN: A116E1) ("
Camino
" or the "
Company
") is pleased to announce that drilling has
started on its Los Chapitos copper project located in Southern Peru's Arequipa Department.
Diamond Drillhole DCH-066 collared on the 2
nd
of October is the first drill hole of a planned 3,000 meter
program that adds to the 19,161 meters already drilled on the project in 2017 and 2018. The hole is
designed to test near surface oxide mineralization on the Carlotta target (See attached picture) and
deep high-grade sulphide mineralization on the Diva Fault.
"Our first drill hole at the Carlotta outcrop, is located 400 m south of the discovery made at the Adriana
outcrop in 2017.
The two outcrops look similar and show oxidized copper hosted in Chocolate
Formation volcanics," said Jay Chmelauskas, President & CEO of Camino. "We will also be testing a
potential new discovery at Diva West, an area of undrilled copper mineralization, hosted in the same
Chocolate Formation and located several hundreds of meters to the west of the main mineralized Diva
Structure.
We are working towards expanding mineralization to define a maiden resource on and along
the Diva structure, and at the same time begin to determine the potential size of the Los Chapitos IOCG
system."
"At Chapitos we have been actively incorporating new geochemical and mapping information into our
models to improve our understanding of the geology," said Owen Miller, the Company's Exploration
Manager in Peru.
"The current drill campaign reflects this work and new target areas have been
highlighted at Diva West that may redefine our geological interpretation for the whole Los Chapitos
Project."
Figure 1: Planned drillholes, previous drilling and alteration (Previous drilling see NI 43-101
Report April 3, 2018)
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/1384/65305_d68b887fa46c7abe_001full.jpg
1
.
Adriana Infill
- previous drilling focused on the Adriana Zone as can be seen in Figure 1.
Mineralization can be roughly grouped into a) shallow oxide mantos and b) deeper high grade
sulphide mineralization associated with the Diva Fault.
There is considerable upside to extend and connect previously defined mineralized bodies in both
categories, with the eventual goal of producing a maiden resource.
2
.
Diva West
- to date very little drilling and sampling has been undertaken to the west of the Diva
Fault, except along the Atajo mineralized trend.
While regional mapping suggests the underlying
geology was less prospective intrusive, Camino has a new interpretation.
Camino's July 2020 mapping and sampling program has delineated large areas of favourable
Chocolate Formation andesite and silica breccia to the west of Adriana that extends over 1 sq km.
Historic sampling of the silica breccia returned values of up to 2-3% Cu and recorded 24 m @
0.56%
Cu along a road cut ("Olga") 300 meters to the North West (for further details see NI 43.101
Report April 3, 2018).
The same mapping and sampling program returned values in sub-crop of up to 2.1% Cu and 45 g/t
Ag approximately 100m south of the Olga road cut.
This entire undrilled and under-sampled package has been called the "Diva West Zone" and is
planned to be diamond drill tested for the first time with this program.
3
.
South-East Extension
- previous drilling, mapping and sampling shows that the Chapitos
mineralization extends to the South East following the Diva Fault. It does however seem to become
more structurally controlled. There are three holes planned to test the continuity of the
mineralization, and these holes will be prioritized around drilling at Diva West."
Figure 2: Carlotta Target - Drillhole DCH-066.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/1384/65305_d68b887fa46c7abe_002full.jpg
The drill hole is targeting near surface oxide copper mineralization that outcrops all way the
from the rig, downslope approximately 150 metres out of the frame to the Diva Fault.
Core is being logged and sampled at the company's facilities in the town of Chala 15 km from the
project. Samples are sent to Lima to be analysed by ALS Chemex with the first results expected the last
week of October.
About Camino Minerals Corporation
Camino is a discovery and development stage copper exploration company. The Company is focused
on advancing its high-grade, Los Chapitos copper project located in Peru, towards potential resource
delineation and new discoveries. The Company seeks to acquire a portfolio of advanced copper assets
that have the potential to deliver copper into an electrifying copper intensive global economy. For more
information, please refer to Camino's website at
www.caminominerals.com
.
Owen D. W Miller, Ph.D FAusIMM(CP) a Qualified Person as defined by NI 43-101, has reviewed and
approved the scientific and technical information contained in this news release.
Mr. Miller has reviewed
and verified all data, including sampling and analytical data, in respect of all such scientific and technical
information.
ON BEHALF OF THE BOARD
/S/ "Jay Chmelauskas"
President and CEO
For further information, please contact:
Camino Investor Relations
Tel: (604) 608-4513
Cautionary Note Regarding Forward Looking Statements:
Certain disclosures in this release
constitute forward-looking information. In making the forward-looking disclosures in this release, the
Company has applied certain factors and assumptions that are based on the Company's current
beliefs as well as assumptions made by and information currently available to the Company. Forward-
looking information in the release includes the prospectivity of the project for future exploration,
defining new mantos,
new areas of discovery and drilling planned on the Los Chapitos copper project
and that actual results of exploration and
engineering activities are consistent with management's
expectations. Although the Company considers these assumptions to be reasonable based on
information currently available to it, they may prove to be incorrect, and the forward-looking
information in this release is subject to numerous risks, uncertainties and other factors that may cause
future results to differ materially from those expressed or implied in such forward-looking information.
Such risk factors include, among others, that actual results of the Company's exploration activities will
be different than those expected by management, that the Company will be unable to obtain or will
experience delays in obtaining any required approvals and the state of equity and commodity
markets. Readers are cautioned not to place undue reliance on forward-looking statements. The
Company does not intend, and expressly disclaims any intention or obligation to, update or revise
any forward-looking statements whether as a result of new information, future events or otherwise,
except as required by law.
Neither 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/65305