Camino to Commence Field Work on its 100% Owned High Grade Copper Silver Project, Plata Dorada
Camino to Commence Field Work on its 100%
Owned High Grade Copper Silver Project, Plata
Dorada
Vancouver, British Columbia--(Newsfile Corp. - September 21, 2020) -
Camino Corp.
(TSXV: COR)
(OTCQB: CAMZF) (WKN: A116E1) ("
Camino
" or the "
Company
") is pleased to announce that it is
initiating field work on its 100% owned Plata Dorada high grade copper and silver (Cu and Ag) project
located 158 kilometers east of the city of Cuzco (the "
Plata Dorada Project
").
The Cu and Ag mineralization at Plata Dorada is structurally controlled and consists of polymetallic
quartz sulphide veins averaging 0.5 to 1.5m wide. Mineralization is dominated by Cu and Ag with historic
sampling ranging from 0.3 to 8.7% Cu, and 70 g/t to over 1500 g/t Ag.
Gold (Au) is present in trace
amounts. There are two zones of veins with multiple vein sets on the property with distinct orientations:
North West and North-North-East. Dips are between 45
o
to 82
o
and individual strike lengths are in
excess of 100 m. One of the main goals of this program is to identify potential extensions under cover.
"Drilling will begin next week at our Los Chapitos copper discovery in Arequipa.
However, we continue
to advance Camino as a platform for copper and precious metal discoveries in Peru.
Our basis for
exploring at Plata Dorada envisions the project as a potential very low capex, high grade copper and
silver project similar to the Cozamin mine operated in Mexico by mid-tier copper company Capstone
Mining," said Jay Chmelauskas, President & CEO of Camino.
"Cozamin was built for capital
expenditures of $50 million and has produced $450 million in cash flow over its life, and still operates
today.
Plata Dorada is an example of opportunities with high risk exploration and high reward that we
are seeking to secure and advance in Peru. The project is held by our wholly-owned precious and base
metals focussed subsidiary, Minquest Peru S.A.C.
When we inevitably get a strong copper market
supported by the electrification of the global economy, we plan to have Camino positioned with a strong
portfolio of assets including Los Chapitos and Plata Dorada."
Plata Dorada consists of 6 contiguous concessions totalling 2100 Ha. Apart from small scale artisanal
mining going back as far as Colonial times there has been no systematic exploitation or exploration of
the concessions. The project can be accessed all year round on paved highway and all-weather dirt
roads.
Local geology comprises predominantly continental sediments ranging from NeoProterozoic to Lower
Paleozoic in age, the latter being in part weakly metamorphosed by Tertiary granitic and andesitic
intrusions.
The veins have been described as mesothermal orogenic veins of the same type found at the classic
mesothermal vein deposits districts: the Motherlode District, Mexico; Zacatecas District, California;
Coeur d'Alene District, Idaho; Cassiar District, BC Archean lode gold deposits are found in Ontario,
Quebec and Manitoba, and the Golden Mile Kalgoorile in Australia.
Plata Dorada Figure 1
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/1384/64223_camino1enhanced.jpg
Plata Dorada Figure 2
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/1384/64223_camino2enhanced.jpg
Cautionary Statement
The potential quantity and grade of mineralization described herein is conceptual in nature as there has
been insufficient exploration to define a mineral resource and it is uncertain if further exploration will
result in the target being delineated as a mineral resource.
Qualified Person
Owen D. W Miller, Ph.D FAusIMM(CP) a Qualified Person as defined by NI 43-101, has reviewed and
approved the technical contents of this document.
About Camino Corp.
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. The Company seeks to acquire a portfolio of precious metals and
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
.
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 the Chapitos Project and Plata Dorada
Project for future exploration, drilling planned on the Chapitos Project in September 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, delays due to the COVID-19 global pandemic, 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/64223