Camino Reports Diamond Drill Results from Los Chapitos Project
Suite 500, 666 Burrard Street, Vancouver, B.C. CANADA V6C 3P6
______________________________________________________________________________
NEWS RELEASE
#16-2017
June 7, 2017 TSX Venture Symbol: COR
CAMINO REPORTS DIAMOND DRILL RESULTS FROM LOS CHAPITOS
PROJECT
Camino Minerals Corporation ("Camino" or the "Company") (COR: TSX-V) is pleased to
report results for the first diamond drill hole completed at its Los Chapitos P roject
(“Chapitos”), located in southern Peru . Hole DCH-001 was designed to twin CHR -002
on the Adriana Zone which intersected 106 meters averaging 1.30% copper.
Selected drill highlights from hole DCH-001 include:
• 0.73% copper over 55.0 meters, including 1.21% copper over 28.3 meters;
• 0.72% copper over 168.5 meters, including 1.63% copper over 27.0 meters, and;
• 0.94% copper over 3.8 meters at the end of the hole.
Hole DCH -001 intersected numerous intervals of oxide and sulphide mineralization
which had a combined total length of 316 meters averaging 0.63% copper . Diamond
drilling appears to have recovered the oxide mineralization better than RC drilling , as
noted by the interval from 5.7 to 61 meters. Copper oxide mineraliza tion was found
throughout the hole, including in the magnetite rich zones. Most of the deeper
intersections averaging greater than 1% copper were generally sulphide mineralization.
The comparable diamond drill interval to the high grade intersection of h ole CHR-002
was well brecciated and resulted in it being mostly oxide mineralization containing
reduced copper values.
DCH-001 was stopped in a fault zone at 386 meters. Chalcopyrite was observed at the
bottom of the hole with the last 3.8 meters averaging 0.94% copper. The Company
plans to drill additional holes from another location that will be approximately
perpendicular to the fault . These will better define the location of the fault and test the
IP chargeability anomaly, located immediately to the south.
An updated drill section and summary presentation can be found on the company
website at www.caminominerals.com.
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The Phase 2 drill program commenced in mid- May, and will now total at least 3,000
meters of diamond drilling. As reported, the first drill is set up to test the Adriana Zone
and the second drill is set up to test the Katty Zone , located one kilometer southeast of
the Adriana Zone. Drill results will be released as they become available.
Table 1: Selected Diamond Drill Results, (1,2)
Hole
No.
Dip/
Azimuth
From
(meters)
To
(meters)
Interval
(meters)
Total
Copper
(%)
Acid
Soluble
Copper
(g/t)
Comments
Adriana Zone
DCH-001 -62/135 5.7 61.0 55.3 0.73 0.50
Incl. 32.7 61.0 28.3 1.21 0.82
85.5 118.5 33.0 0.40 0.24
128.5 184.0 55.5 0.37 0.21
190.0 358.5 168.5 0.72 0.25
Incl. 191.5 200.5 9.0 1.15 .07
Incl. 237.0 246.0 9.0 1.29 0.22
Incl. 330.0 357.0 27.0 1.63 0.13
383.0 286.8 3.8 0.94 .01 End of Hole
(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.
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 acquisition 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
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Cautionary Note Regarding Forward-Looking Statements and Information
This News Release contains “forward -looking information” and “forward looki ng 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,” “be lieves,” “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”, “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 ”,
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and similar expressions, have been used to identify forward -looking statements and
information.
Forward-looking information is subject to a variety of known an d 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.
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