Camino Minerals Provides Update FOR the Los Chapitos Project Including Authorization to Start Drilling at the Atajo Zone
Suite 500, 666 Burrard Street, Vancouver, BC V6C 3P6
Phone: 604-566-8778 | Fax: 604-558-4784 | Email: [email protected]
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NEWS RELEASE
#26-2017
October 24, 2017 TSX Venture Symbol: COR
CAMINO MINERALS PROVIDES UPDATE FOR THE LOS CHAPITOS
PROJECT INCLUDING AUTHORIZATION TO START DRILLING AT THE
ATAJO ZONE
Camino Minerals Corporation ("Camino" or the "Company") (COR: TSX-V) is pleased to
report on recent exploration activities at its Los Chapitos project (“Chapitos”), located in
southern Peru, including receipt of the exploration permit to begin the drill program at
the Atajo Zone (“Atajo”), located 6 kilometers southwest of the Adriana Zone
(“Adriana”).
The Company recently received the Authorization to Initiate Activities at Atajo from
Ministry of Energy and Mines (“MEM”). The review of the permit application was
completed in less than 6 months reflecting the many positive aspects of Chapitos, which
include being in an area very well suited for mineral exploration, a positive working
relationship with the local community of Atiquipa, a de dicated effort by Camino staff,
and government initiatives to make the review process more effective.
Both diamond drills will be mobilized immediately to Atajo to begin delineation
drilling. Work is expected to continue until early December , and will comprise up to
4,000 meters of diamond drilling. D rill holes will range in depth from 150 to 350
meters. Atajo has been exposed over a strike length of 400 meters by shallow historical
mining activities which reportedly totaled up to 10,000 tonnes of copper oxide material
being shipped to a processing plant near the town of Nazca in the 1940’s and 1950’s.
Surface sampling by the Company returned values averaging 1.57% copper over 64
meters and 2.10% copper over 34 meters. Assays for the drilling will be released as they
become available.
The initial phase of drilling at the Adriana and Katty Zone s has been completed with
11,200 meters drilled in 40 holes. At Adriana, 27 drill holes totaling 8,700 have defined
a zone measuring at least 450 meters along trend, up to 150 meters wide, and over 300
meters deep. The mineralization begins near surface, comprises both copper oxides and
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sulphides, is open along trend to the northwest, southeast, and at depth. T he Company
has drilled along trend to the maximum limits allowed under its existing exploration
permit. The environmental review has been approved for a modification of that permit,
and the Company is now awaiting the Authorization to Initiate A ctivities. This
modification includes the expansion of the Adriana drill program to test along trend
and the initial drilling at the Vicky Zone, located 4 kilometers southeast of Adriana.
Assays are pending for an additional 5 holes at Adriana and 2 holes at the Katty Zone,
and will be released when available. A summary presentation can be found on the
company website at www.caminominerals.com`.
Kenneth C. McNaughton , M.A.Sc., P.Eng., is the Qualified Person (QP) responsible for
the Chapitos project.
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 here in 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 sta tements”
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
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and similar expressions, ha ve 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 the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.