Camino Reports Additional Diamond Drill Results from Los Chapitos Project
Suite 500, 666 Burrard Street, Vancouver, B.C. CANADA V6C 3P6
______________________________________________________________________________
NEWS RELEASE
#18-2017
July 11, 2017 TSX Venture Symbol: COR
CAMINO REPORTS ADDITIONAL DIAMOND DRILL RESULTS FROM
LOS CHAPITOS PROJECT
Camino Minerals Corporation ("Camino" or the "Company") (COR: TSX-V) is pleased to
report results for diamond drill hole s DCH-002 and DCH -004 completed at its Los
Chapitos Project (“Chapitos”), located in southern Peru. Both drill holes were designed
to test for extensions of the mineralization on the same drill section as hole DCH-001.
Selected drill highlights include:
• DCH-002 intersected 0.62% copper over 55 .5 meters, including 2.00% copper
over 9.00 meters;
• DCH-004 intersected 0.70% copper over 86.5 meters, including 1.11% copper
over 15.0 meters and 1.42% copper over 15 meters; and
• DCH-004 also intersected 0.84% copper over 88.5 meters, including 2.12% copper
over 16.5 meters.
Drill holes DCH -002 and DCH -004 intersected numerous intervals of oxide and
sulphide mineralization , which had combined total length s of 123 meters averaging
0.57% copper and 289.5 meters averagin g 0.62% copper , respectively. Hole DCH-002
intersected the surface oxide mineralization and several narrow bands of magnetite rich
volcanics before passing through the Diva Fault at 411 meters. Below the fault, the
lithology changed to barren magnetite and hematite rich andesitic intrusive . Hole
DCH-004 intersected four broad bands of mineralization as deep a s 589 meters before
being stopped in the Diva Fault ; the same fault within which hole DCH -001 was
stopped. This first drill section defined by hole s DCH -001, DCH -002 and DCH -004
shows that the Adriana Zone is made up of multiple bands of copper mineralization
extending from surface to depths in excess of 450 meters . The Adriana Zone
mineralization is open in all directions with a dditional drilling b eing planned to
establish the orientation and thickness of the bands of mineralization.
There have been 7 diamond drill holes completed to date at the Adriana Zone . Assays
are pending for the remaining four completed drill holes , which targeted the surface
oxide mineralization below the discovery outcrop. The drill has been moved to the next
2
pad as part of the plan to drill a series of fans of holes along the strike of the Diva Fault.
These drill fans will better define the location of the Diva Fault and test the IP
chargeability anomaly, located immediately to the south.
The second diamond drill continues to work at the Katty Zone where four holes have
been completed to date. Assays are pending for this drilling and will be reported when
available. Elsewhere on the project, additional geophysical work has been completed ,
which significantly expanded the magnetic survey as well as extend ed the IP coverag e
two kilometers to the southeast from the Adriana/Katty grid across to the Pilar and
Vicky zones. T his information is being modeled and will be used for planning
additional drilling.
An updated drill section and summary presentation can be found on the company
website at www.caminominerals.com.
Table 1: Selected Diamond Drill Results, (1,2)
Hole
No.
Dip/
Azimuth
From
(meters)
To
(meters)
Interval
(meters)
Total
Copper
(%)
Acid
Soluble
Copper
(%)
Comments
Adriana Zone
DCH-002 32.00 68.00 36.00 0.54 0.35
Incl. 41.00 57.50 16.50 0.91 0.64
89.00 113.00 24.00 0.56 0.23
Incl. 92.00 98.00 6.00 0.99 0.39
168.50 224.00 55.50 0.62 0.24
Incl. 185.00 194.00 9.00 2.00 0.60
314.00 321.50 7.50 0.42 0.17
DCH-004 3.00 57.00 54.00 0.40 0.32
239.50 326.00 86.50 0.70 0.48
Incl. 266.00 281.00 15.00 1.11 0.60
and 291.50 306.50 15.00 1.42 1.25
418.50 507.00 88.50 0.84 0.19
Incl. 445.50 484.50 39.00 1.46 0.28
or 454.50 471.00 16.50 2.12 0.21
528.00 588.50 60.50 0.38 0.02
(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.
3
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 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”, “proj ects”, “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, uncertaintie s
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.