Camino Extends High Grade Mineralization at Adriana and Katty Zones
Suite 500, 666 Burrard Street, Vancouver, BC V6C 3P6
Phone: 604-566-8778 | Fax: 604-558-4784 | Email: [email protected]
______________________________________________________________________________
NEWS RELEASE
#24-2017
September 14, 2017 TSX Venture Symbol: COR
CAMINO EXTENDS HIGH GRADE MINERALIZATION AT ADRIANA AND
KATTY ZONES
Camino Minerals Corporation (“Camino” or the “Company”) (COR: TSX -V) is pleased
to report results for four diamond drill ho les completed on the Adriana Zone and four
holes on the Katty Zone at its Los Chapitos Project (“Chapitos”), located in southern
Peru.
Select drill highlights for the Adriana Zone include:
• DCH-025 intersected 1.43% copper over 16.3 meters, including 2.62% copper
over 6.7meters;
• DCH-027 intersected 1.06% copper over 17.10 meters, including 2.91% copper
over 3.0 meters.
Select drill highlights for the Katty Zone include:
• DCH-017 intersected 1.30% copper over 18.5 meters, including 2.20% copper
over 8.8 meters;
• DCH-020 intersected 0.78% copper over 20.7 meters, including 1.17% copper
over 5.7 meters.
Drill holes DCH-025 and DCH-027 were drilled from Pad 2 at the Adriana Zone to test
up dip extent of the mineralization found in drill hole DCH -019, which inters ected
0.97% copper over 42.0 meters, including 3.31% copper over 7.5 meters. Both of these
holes intersected high -grade copper mineralization and successfully extended the high
grade mineralization 100 meters closer to surface . All six holes drilled on t his section
intersected both structurally controlled sulphide mineralization as well as
stratigraphically controlled magnetite replacement mineralization. The structurally
controlled mineralization is interpreted to be the feeder zone for the Adriana copp er
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system, is dominantly sulphide mineralization and has been traced for 200 meters down
dip, ranges up to 7.0 meters in width, has average grades between 2.48% copper and
5.01% copper and is open along strike and at depth. The magnetite replacement
mineralization is dominantly copper oxides, extends up to 150 meters away from the
feeder zone and is open along trend to the northwest and southeast.
The Adriana Zone is currently defined by 24 drill holes totaling over 7,800 meters. It
now measures over 450 meters long by 200 meters wide, and remains open along strike
to the northwest and southeast and at depth.
At the Katty Zone, holes DCH -017 and DCH -020 extended the near surface
mineralization a further 50 meters to the southeast and to depth. The min eralization
has been tested by 11 drill holes totaling 2,250 meters, which define an area measuring
125 meters long, up to 75 meters wide and to depths of 100 meters below surface. The
copper oxide mineralization is found in structurally controlled breccias and transitions
into sulphide mineralization at depth. The zone is open along trend to the southeast
and at depth.
Work continues on the project with step out drilling underway at the Adriana Zone and
additional drilling planned for the Katty Zone. The Company also expects to receive
authorization in October to initiate field activities at the Atajo Zone located on a
separate trend six kilometers to the southwest of the Adriana Zone. The Company
recently received approval of its environmental assessm ent and negotiated a
community access agreement as part of the permit application for drilling at the Atajo
Zone.
Kenneth C. McNaughton , M.A.Sc., P.Eng., is the Qualified Person (QP) responsible for
the Chapitos project.
Updated drill section s and summary presentation can be found on the company
website at www.caminominerals.com.
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Table 1: Selected Diamond Drill Results, (1,2)
Hole
Number
Dip/
Azimuth
(degrees)
From
(meters)
To
(meters)
Interval
(meters)
Total
Copper
(%)
Acid
Soluble
Copper
(%)
Adriana Zone
DCH-022 -61/229 100.00 142.00 42.00 0.20 0.09
142.00 175.00 33.00 0.63 0.27
Incl. 142.00 149.50 7.50 1.32 0.68
193.00 203.50 10.50 0.36 0.30
241.00 253.00 12.00 0.37 0.29
268.00 280.40 12.40 1.51 0.18
Incl. 269.50 275.80 6.30 2.48 0.27
DCH-023 -50/135 81.20 87.00 5.80 0.46 0.30
160.00 166.00 6.00 0.35 0.08
DCH-025 -45/225 158.90 175.20 16.30 1.43 0.35
Incl. 168.50 175.20 6.70 2.62 0.29
DCH-027 -52/225 151.50 169.00 17.50 0.18 0.07
169.00 186.10 17.10 1.06 0.33
Incl. 183.10 186.10 3.00 2.91 0.10
Katty Zone
DCH-017 -50/28 0.00 12.05 12.05 0.22 0.12
73.30 91.80 18.50 1.30 1.02
Incl. 83.00 91.80 8.80 2.20 1.75
DCH-018 -50/180 46.60 53.50 6.90 0.27 0.07
DCH-020 -60/28 17.50 33.15 15.65 0.30 0.22
70.40 83.70 13.30 0.45 0.29
116.70 137.40 20.70 0.78 0.55
Incl. 128.80 134.50 5.70 1.17 0.82
DCH-021 -50/67 90.20 93.85 3.65 0.84 0.72
(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 fire assay with AA finish for gold. 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.
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About Camino Minerals Corporation
Camino is a discovery-oriented mineral exploration company . The Company is focused
on the acqu isition and development of high -grade copper and precious metal projects.
For more information, please refer to Camino’s website at www.caminominerals.com.
For further information and investor inquiries, contact:
Ken McNaughton
President and Chief Executive Officer
Phone (604) 566-8778
http://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 s tatements”
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 resou rces, 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. P rospective 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 th e
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.