Chapitos Copper Property
Camino Intercepts 55.5 m @ 0.72% Cu and
Near-Surface 64.5 m @ 0.6% Cu, on Its Los
Chapitos Copper Property
Vancouver, British Columbia--(Newsfile Corp. - January 19, 2021) -
Camino Corp.
(TSXV: COR)
(OTCQB: CAMZF) (WKN: A116E1) ("
Camino
" or the "
Company
") is pleased to announce the results
of the last four pending drill holes (Holes DCH-71, 72, 73, and 74) from the 2020 drill campaign on its
Los Chapitos copper project located in Southern Peru's Arequipa Department.
Significant intercepts in
the remaining four drill holes of the 2020 campaign include DCH-071 with 55.5 m of 0.72% copper (Cu)
(incl. 22.5 m @ 1.15% Cu) and near-surface DCH-074 with 64.5 m of 0.6% Cu (incl. 12 m @ 1.05% Cu).
This is in addition to our first drill hole DCH-066 that intersected near-surface 92.1 m of 0.53% Cu (incl.
20.8 m @ 0.97% Cu).
The Company intercepted copper mineralization in 8 out of 9 drill holes for the
2020 drill program, summarized in Table 1.
The program consisted of 9 HQ diamond drill holes totalling
2,358.1 m and brings the overall meterage on the property to 21,519 m.
"Camino is back to drilling new significant copper intercepts after our initial discovery made at Los
Chapitos in 2017 and 2018," said Ken McNaughton, Director of Camino Corp.
Photo 1.
HQ core from DCH-074 with disseminated copper oxides in vesicles grading 1.4% Cu at 65 m
depth
To view an enhanced version of Photo 1, please visit:
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"The 2020 drill program has been successful in expanding high-grade copper mineralization and
identifying potential near-surface copper tonnage at Los Chapitos," said Jay Chmelauskas, President &
CEO. "We've demonstrated more disseminated manto-style high-grade copper mineralization (Photo 1)
that will support our geological block model (Figure 2) to delineate a future maiden copper resource at
Los Chapitos.
Major alteration zones identified at Chapitos in Diva West and to the north provide our
next drilling targets.
Copper prices are on the rise and it is an excellent time to be drilling copper
discoveries."
"Camino has a large land position with over 220 square kilometres of claims in a target-rich IOCG-style
copper system.
Recent successful IOCG discoveries and developments include Marimaca Copper (M&I
70Mt @ 0.6 % Cu, Marimaca Corporate Presentation, December 2020) in Chile, and the $1.6B
investment at Mina Justa (M&I 337 Mt @ 0.76% Cu, NI 43-101 Technical Report, June 2009) located
100 km north of our Chapitos project.
In the new electrification driven copper cycle, we plan to step out
and drill new targets where we have copper oxidized outcrops and significant areas of alteration, like
Olga, Lourdes, and Condori, to see if we can make a major discovery," said Chmelauskas.
"Surface sample results from Los Chapitos field mapping covering new drill targets will be released in
several weeks.
Samples taken in the Diva West area include a sample of 2.2% Cu and 45 g/t silver (Ag),
and a vein sample located approximately 1.5 km southeast along the Diva Trend of our current drill
program returned 10.15% Cu and 173 g/t Ag."
"Lastly, Camino is very active on the corporate development front.
The next project to watch at Camino is
the silver and copper project at Plata Dorada. Mineralization is dominated by copper and silver 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. We have identified new vein systems and results from geological surface sampling are
expected at the end of January."
Figure 1. Locations of the 2020 drillholes along with alteration and Diva West surface samples
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/1384/72330_d7eb1448d43f1bb7_002full.jpg
The longitudinal section (Figure 2) through Adriana shows the geological block model currently under
development. The recent 2020 drilling campaign was designed to identify copper mineralization closer
to surface and has successfully intercepted copper as shown in drill holes DCH-066, DCH-071 and
DCH-074.
Figure 2. Longitudinal Section Along Mineralization
To view an enhanced version of Figure 2, please visit:
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Section DCH-074 (Figure 3) containing drillholes DCH-072 and DCH-074 shows manto-style copper
mineralization near surface, and the continuation of the Diva Structure at depth.
Figure 3. Section DCH-074 - Disseminated and Fault-Controlled Manto-Style Copper Mineralization
To view an enhanced version of Figure 3, please visit:
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Figure 4. Section DCH-071 - Fault-Controlled Copper Mineralization
To view an enhanced version of Figure 4, please visit:
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Figure 5. Section DCH-066 - Disseminated and Fault-Controlled Manto-Style Copper Mineralization
To view an enhanced version of Figure 5, please visit:
https://orders.newsfilecorp.com/files/1384/72330_d7eb1448d43f1bb7_006full.jpg
The 2020 drilling campaign:
Proved the existence of near-surface high-grade oxide mineralization in a trend along the Diva
structure, which is expected to add tonnage for resource delineation studies.
Confirmed the presence of mineralization on the Diva Structure at depth in holes DCH-066 and
DCH-072 and validated the overall geological model.
Marked the discovery of a large previously unknown alteration system hosting the Diva West
Sulphide Zone. The Company believes that the Adriana mineralization zone represents the start of
a potential significant copper mineralized IOCG system at Los Chapitos.
All results are shown in Table 1, with eight out of the nine holes intersecting mineralization.
HOLE ID
EASTING
NORTHING
AZIMUTH
DIP
LENGTH
(M)
FROM
TO
WIDTH
GRADE
(% Cu)
DCH-066
574472
8266614
225
-50
301.5
10
102.1
92.1
0.53
incl
46
55
9
1.18
incl
68.5
89.3
20.8
0.97
212.1
253.1
41
0.29
DCH-067
574472
8266614
225
-80
129.4
19.5
31.5
12
0.39
79.5
107
27.5
0.27
incl
96.5
107
10.5
0.40
DCH-068
574472
8266614
45
-75
40.4
16
22
6
0.17
DCH-069
574045
8266758
225
-45
155.8
22
37.5
15.5
0.39
DCH-070
574164
8266765
225
-45
290.4
0
24
24
0.13
54
70
16
0.15
88
96
8
0.20
108.5
113
4.5
0.44
DCH-071
574298
8266697
225
-55
223.1
99.5
155
55.5
0.72
incL
126.5
149
22.5
1.15
DCH-072
574495
8266776
225
-60
522.9
147.5
151.5
4
0.58
433
483.8
50.8
0.34
incl
452.5
483.8
31.3
0.42
DCH-073
574204
8266605
225
-60
457.2
No Significant Results
DCH-074
574365
8266636
225
-50
237.2
22
86.5
64.5
0.60
Incl
37
49
12
1.05
Incl
62.5
65.5
3
1.43
97
112
15
0.30
133
160
27
0.46
Table 1. Drilling Results
Core has been logged and sampled at the Company's facilities in the town of Chala, 15 km from the
project. Industry standard chain of custody and QA/QC practices are followed with samples sent to Lima
where they are analyzed by ICP-MS ALS at Chemex's facility.
About Camino Minerals Corporation
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. In addition, the company has commenced field studies at its silver and
copper Plata Dorada project.
The Company seeks to acquire a portfolio of 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
.
Kenneth C. McNaughton, M.A.Sc., P.Eng.,a Qualified Person as defined by NI 43-101, has reviewed
and approved the technical contents of this document.
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 Plata Dorada and Los Chapitos for
future exploration,
defining new mantos,
and drilling planned on the Los Chapitos copper project 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, 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.
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