Camino's Geological Mapping at Chapitos Defines Mineralized Structural Corridor at the Atajo Zone and Director Update
Camino's Geological Mapping at Chapitos Defines
Mineralized Structural Corridor at the Atajo Zone and
Director Update
Edmonton, Alberta--(Newsfile Corp. - January 6, 2020) -
Camino Minerals Corp.
(TSXV: COR) (OTCQB: CAMZF) (WKN:
A116E1) ("
Camino
" or the "
Company
") is pleased to announce results and preliminary interpretation of the geological
mapping survey conducted at the Atajo zone on its 22,000-hectare Chapitos copper-gold project, near Chala, Southern Peru.
The detailed geological mapping has identified a north-south oriented structural corridor that is up to 150 metres wide, 450
metres long, and is comprised of a series of steeply dipping normal faults and associated pervasive fracture network (Figure 1).
The bounding fault structures juxtapose copper mineralized and altered porphyritic andesites and breccias against unaltered,
bedded volcaniclastics. The mineralization is typically fracture and fault controlled and in places the mineralizing fluids have also
exploited the shallow north-dipping bedding to form stratigraphically controlled mantos.
CEO John Williamson commented, "Completion of the mapping project has provided a strong understanding of the controls on
mineralization and a foundation to build from in our ongoing interpretation of this large mineralized zone, enabling much
improved delineation of drill targeting".
The geological mapping was completed at the Atajo zone with the goals of; 1) improving our understanding of the geology
beyond the regional scale government data, 2) identifying the controls on mineralization, and 3) providing a strong foundation for
ongoing interpretation of structural, geochemical, and lithological data, all of which is critically important for delineating future drill
targets. The mapping has already been utilized to enable the updating of the Atajo DIA permit and associated drill pad
repositioning (
see Nov 4 news release
).
Additionally, during the mapping program follow-up work was conducted on a number of soil and rock anomalies in the
surrounding Atajo region. Positive visual results from limited outcrops in these anomalous areas warranted further work and have
resulted in an ongoing trenching and bedrock sampling program. Results will be released and disseminate as they are received
from the laboratory and interpreted.
Figure 1 -
Geological map draped on drone imagery that spans a portion of the Atajo Zone. The image illustrates the north-
south oriented structural corridor, associated alteration, and select mineralization samples. A schematic lower cross section
explains the relationship of the faults to mineralization and manto development. *Chip samples were collected and analysed in
July 2016 by ALS Chemex at its facilities in Lima, Peru.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/1384/51173_6c528220c4305a2d_001full.jpg
Other
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 select samples were analyzed for gold using fire assay with AA finish.
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.
Board of Directors
Camino announces the appointment of Ewan Webster, Ph.D., P.Geo, as a Director of the Company. Dr. Webster is an
exploration geologist with comprehensive field experience in North and South America and a strong technical and academic
background. He is a registered professional geologist with Engineers and Geoscientists British Columbia (EGBC), holds a
First-Class Honours degree in geology from the University of Glasgow, Scotland and a Ph.D. from the University of Calgary,
Canada. His research focused on unraveling aspects of the structure, stratigraphy, tectonics, and metamorphism of
southeastern British Columbia, to establish a sound geological framework in which to place the region's abundant and diverse
mineral deposits.
In addition, the Company announces the resignation of Mr. Olav Langelaar from the Board. Mr. Langelaar has been a Director
with Camino since March 2017. The Camino team would like to extend a sincere thank you to Olav for his hard work as a
Director of the Company and wish him all the best with his future endeavors.
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
.
ON BEHALF OF THE BOARD
/S/ "John Williamson"
President and CEO
For Further information, please contact:
Jeremy Yaseniuk, Director
Tel: (604) 773-1467
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.
This news release may contain certain "forward looking statements". Forward-looking statements involve known and unknown
risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the
Company to be materially different from any future results, performance or achievements expressed or implied by the
forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as
may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking
statement, whether as a result of new information, future events or results or otherwise.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/51173