Camino Identifies Additional Mineralized Copper and Silver Veins at Plata Dorada with Channel Samples Grading up to 5.76% Cu and 1,500 g/t Ag; Increases Mineral Claims at Plata Dorada to 3,800 Ha
Camino Identifies Additional Mineralized
Copper and Silver Veins at Plata Dorada with
Channel Samples Grading up to 5.76% Cu and
1,500 g/t Ag; Increases Mineral Claims at Plata
Dorada to 3,800 Ha
Vancouver, British Columbia--(Newsfile Corp. - February 3, 2021) -
Camino Corp.
(TSXV: COR)
(OTC: CAMZF) (WKN: A116E1) ("
Camino
" or the "
Company
") is pleased to announce new exploration
results from its 100% owned Plata Dorada Copper and Silver project ("Plata Dorada" of "the project") in
Peru.
The Company completed an exploration program in the Fall of 2020 at Plata Dorada and has
identified up to 10 mineralized copper and silver veins with channel sample grades up to 5.76% copper
(Cu) and 1,500 g/t silver (Ag).
The channel samples range in width from 0.2 to 1.4 m across the vein and
are located over a distance of 4 km.
Individual veins have been mapped with strike lengths up to 380 m,
before disappearing under shallow cover.
A summary of the significant veins identified, and channel
sample results is shown in Figure 1. and summarized in Table 1.
The Company recently increased its land position in the area by 1,700 hectares (ha) for a total claim
area of 3,800 ha.
Photo 1. Chalcopyrite Copper and Silver Sulphide Mineralization at Plata Dorada
To view an enhanced version of Photo 1, please visit:
https://orders.newsfilecorp.com/files/1384/73524_capture.jpg
"At Plata Dorada, we have a system of high-grade copper and silver veins spaced over a distance of 4
km.
We have just begun to explore at Plata Dorada.
Our exploration efforts will focus on identifying
additional high-grade vein structures, and determining mineable widths and continuity at depth," said
Camino CEO, Jay Chmelauskas.
"We've increased our claims around Plata Dorada in a region that has
a rich history of colonial mining, new metal mines, and discoveries."
Figure 1: Best Results of the Geochemical Sampling Campaign in 2020
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/1384/73524_345f9ab6044a982f_003full.jpg
Plata Dorada is located 158 kilometers east of the city of Cusco.
The project can be accessed by a 2.5
hour drive along a paved highway from Cusco.
There are 18
th
century records of colonial mining
activities at several locations within 50 kilometers of Plata Dorada.
Numerous pits and shallow
underground workings exist on the property as a result of recent artisanal mining activities.
Photo 2. Historical Workings at Plata Dorada
To view an enhanced version of Photo 2, please visit:
https://orders.newsfilecorp.com/files/1384/73524_Capture3full.JPG
The Plata Dorada project is located in the metallogenic belt described by INGEMMET as Belt III: Cu-Mo-
Zn Porphyry-Skarns Belt, Au-Cu-Pb-Zn and U-Ni-Co-Cu deposits, related to Permian-Triassic intrusives
(Carlotto et al. 2009); this belt is located along the Eastern Cordillera and part of the Sub-Andean Zone
of the Peruvian territory.
One of the most characteristic projects of this metallogenic belt is Ollachea of
Minera Kuri Kullu, a subsidiary of Minera IRL.
The Ollachea project is considered an orogenic gold deposit with an indicated mineral resource of 1.4
Moz Au according to its 2012 NI43-101 report; this project is located about 60 kilometers SE of the
Plata Dorada project.
Exploration work at Plata Dorada in the Fall of 2020 consisted of several field visits to identify new vein
structures, with over channel 70 samples tested for metal content by Camino.
The results of this program
were integrated with results and data from a channel sampling program undertaken prior to 2016 by
Minquest Peru, a wholly-owned subsidiary of Camino.
The Company now plans to continue to develop a
1:2000 geological map and model of the vetiform structures to define exploration drill targets.
Figure 1. and Table 1.
show samples collected by Camino Corp. in 2020 and historic samples with
grades of copper >= 1% and silver >=15g/t.
The veins dip North-West and North-North-East between
45° to 82° and have individual strike lengths in excess of 100 m before disappearing under shallow
cover.
Sample No.
East
North
Elev.
Area
Prospect
Channel
Width
(m)
AZ
Dip
Silver
(Ag)
g/t
Copper
(Cu)
%
Sampling
Info.
2
278040
8495365
3,954
DORADA
SUR
0.2
330
75NE
18
2.78
New vein
56
280001
8495809
4,291
HITHZA II
0.6
58
2.78
New vein
Hist_MARC027
280446
8496546
HITHZA II
-
20
1,500
3.13
Historic
Hist_MARC024
280455
8496526
HITHZA II
-
20
433
1.32
Historic
Hist_MARC028
280479
8496585
HITHZA II
-
20
1,500
8.57
Historic
Hist_MARC025
280479
8496555
HITHZA II
-
20
400
1.85
Historic
Hist_MARC029
280488
8496578
HITHZA II
0.3
20
323
1.95
Historic
Hist_MARC013
280503
8496657
HITHZA
IV
0.5
20
222
2.45
Historic
Hist_MARC012
280504
8496661
HITHZA
IV
0.7
20
1,030
2.47
Historic
Hist_MARC021
280505
8496598
HITHZA II
0.5
20
586
1.86
Historic
Hist_MARC016
280513
8496616
HITHZA II
1.5
20
1,430
1.45
Historic
Hist_MARC030
280647
8495706
HITHZA II
0.6
140
56
6.93
Historic
Hist_MARC031
280668
8495699
HITHZA II
0.6
140
42
5.97
Historic
Hist_MARC032
280684
8495685
HITHZA II
1.0
140
27
2.36
Historic
Hist_MARC033
280690
8495661
HITHZA II
0.5
140
117
3.51
Historic
53
280697
8495678
4,412
HITHZA II
0.8
345
68NE
39
1.51
New
Sample
Hist_MARC034
280715
8495654
HITHZA II
1.0
140
19
0.99
Historic
Hist_MARC035
280732
8495618
HITHZA II
0.5
140
93
2.72
Historic
28
281289
8496214
4,375
HITHZA II
0.5
38
3.38
New vein
30
281683
8496325
4,246
TALI
1.4
10
45E
36
1.49
New vein
11
281950
8496998
4,010
TALI 1
0.3
190
60SE
1,500
5.76
New vein
Hist_MARC007
282270
8496653
TALI 1
0.4
140
31
1.54
Historic
Hist_MARC005
282280
8496665
TALI 1
0.5
140
17
1.01
Historic
32
282309
8496630
4,023
TALI 1
1.0
0
75SE
15
1.42
New
Sample
31
282314
8496569
4,047
TALI
0.5
20
70W
21
1.25
New
Sample
Table 1. Channel Sample Results in 2020 and Historic Sampling at Plata Dorada
The 2020 channel samples were collected and analyzed by ICP-61, with digestion by four acids for 33
elements and fire assay for Au.
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. In addition, the company has commenced field studies at its silver and
copper Plata Dorada project.
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
.
Kenneth C. McNaughton, M.A.Sc., P.Eng., a Qualified Person as defined by NI 43-101, is a Director of
the Company and has reviewed and approved the technical contents of this document.
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 Plata Dorada and Los Chapitos for
future exploration, and drilling planned at Plata Dorada or 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/73524