Environmental Assessment Approved FOR Atajo Drill Program and Warrants Exercised
Suite 500, 666 Burrard Street, Vancouver, BC V6C 3P6
Phone: 604-566-8778 | Fax: 604-558-4784 | Email: [email protected]
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NEWS RELEASE
#23-2017
September 12, 2017 TSX Venture Symbol: COR
ENVIRONMENTAL ASSESSMENT APPROVED FOR ATAJO DRILL
PROGRAM AND WARRANTS EXERCISED
Camino Minerals Corporation ("Camino" or the "Company") (COR: TSX-V) is pleased to
report it has received noti ce that its Declaration de Impacto Ambiental (“DIA”), or
Environmental Assessment, has been approved for a drill program on the Atajo Zone of
its Los Chapitos project (“Chapitos”), located in southern Peru.
The DIA was completed as part of the permit application for 20 drill platforms at the
Atajo Zone, which is located on a separate trend 6 kilometers southwest of the Adriana
Zone. In addition, the Company has filed with the Public Registry a 2 year access
agreement negotiated with the Community of Ati quipa ("Atiquipa") for all exploration
activities on community lands, which cover the western half of Chapitos, including the
Atajo Zone. The agreement commits the Company to fund community development
projects of ap proximately US$30,000 in year 1 and US$ 35,000 in year 2. These
documents, along with an Archeological Certificate, are in the process of being
submitted to the Mining Ministry for authorization to initiate field activities.
On July 25, 2017, the Company gave notice for the acceleration of the expiry date of the
outstanding share purchase warrants date d February 14, 2017. E ach share purchase
warrant was exercisable into one additional common share of the Company at a price of
$0.25 per share until February 14, 2019 (the “Warrants”), subject to earlier expiry upon
satisfaction of certain conditions. The expiry date of the Warrants was accelerated to
September 11, 2017. All of the available 10,967,500 warrants have been exercised,
generating proceeds to the Company of $2,741,875. The Company cu rrently holds cash
and cash equivalents of approximately $4,800,000.
Since diamond drilling began in mid- May at Chapitos, the Company has completed
over 10,000 meters of drilling in 35 holes. Additional drilling is underway at both the
Adriana and Katty Zones. A drill will be mobilized to the Atajo Zone as soon as the
authorization to initiate activities is granted, which is expected in October.
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Kenneth C. McNaughton , M.A.Sc., P.Eng., is the Qualified Person (QP) responsible for
the Chapitos project.
Updated drill sections and a summary presentation can be found on the Company's
website at www.caminominerals.com.
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 base d 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 o f
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”,
“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 iden tify forward -looking statements and
information.
Forward-looking information is subject to a variety of known and unknown risks, uncertainties
and other factors that could cause actual events or results to differ from those expressed or
implied by the forw ard-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. Re aders are encouraged to read these
materials. Prospective 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.