Camino Continues to Expand Adriana Zone with Step Out Drilling
Suite 500, 666 Burrard Street, Vancouver, BC V6C 3P6
Phone: 604-566-8778 | Fax: 604-558-4784 | Email: [email protected]
______________________________________________________________________________
NEWS RELEASE
#04-2018
January 30, 2018 TSX Venture Symbol: COR
OTCQB Symbol: CAMZF
CAMINO CONTINUES TO EXPAND ADRIANA ZONE WITH STEP OUT
DRILLING
Camino Minerals Corporation (“Camino” or the “Company”) (COR: TSX-V) is pleased to
report results for the final three diamond drill holes completed as part of the 2017 drill
program on the Adriana Zone (“Adriana”) at its Los Chapitos Project (“Chapitos”),
located in southern Peru.
Select drill highlights are:
• DCH-054 intersected 0.54% copper over 32.50 meters, including 1.26% copper
over 7.30 meters;
• DCH-056 intersected 0.40% copper over 59.50 meters, including 1. 68% copper
over 7.60 meters.
Holes DCH -054, DCH -056, and DCH -057 were drilled as step out holes targeting the
shallow oxide copper mineralization on the southeast extension of Adriana. These holes
intersected oxide mineralization further north than expected which was likely the result
of the increased brecciation related to the Carlotta cross structure [see slide 13 of
accompanying presentation]. H ole DCH-054 was extended to depth and intersected the
Diva Structure about 100 meters southeast from holes DCH -048, and DCH -049. This
intersection was relatively deep in a tuffaceous horizon and is interpreted to be similar
to the intersection in hole DCH-016 [see slide 16 of accompanying presentation] which
undercut over 200 meters of high grade mineralization. The Adriana Zone now measures
over 600 meters along trend, up to 200 meters north from the Diva Structure, over 350
meters deep and is open in both directions along trend and to depth.
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At the Vicky Zone, hole DCH-051 tested a peripheral target to the south of the main zone,
and hole DCH-055 targeted a strong geophysical anomaly but was stopped in a fault zone
well short of the anomaly. Neither hole intersected any significant mineralization .
Additional drilling is planned for this zone.
Proposed work for 2018 will include additional step out drilling to test the extensions of
the Adriana Zone to the northwest and southeast towards the Katty Zone. Ground crews
completed two lines of soil sampling as a test across the Adriana Zone which yielded
encouraging results, and as a result the soil survey is being expanded to cover the entire
6 kilometer long trend centered on the Adriana and Katty Zones. Scoping level
metallurgical studies will be completed on samples from the Adriana and Katty , and
finally, permit applications will be filed so that sufficient drilling can be completed to
support an initial resource estimation.
Kenneth C. McNaughton , M.A.Sc., P.Eng., is the Qualified Person (QP) responsible for
the Chapitos project.
Updated drill sections and summary presentation can be found on the company website
at www.caminominerals.com.
Table 1: Selected Diamond Drill Results, (1,2)
Hole
Number
Pad #
Dip/Azimuth
(degrees)
From
(meters)
To
(meters)
Interval
(meters)
Total
Copper
(%)
Soluble
Copper
(%)
Adriana Zone
DCH-054 Pad - 4 65.25 74.00 8.75 0.42 0.36
-67.5/175 85.50 118.00 32.50 0.54 0.45
Incl. 101.70 109.00 7.30 1.26 1.17
360.00 370.50 10.50 0.84 0.76
Incl. 361.50 364.50 3.00 2.25 2.14
561.00 562.50 1.50 1.14 0.22
568.10 571.00 2.90 0.59 0.05
DCH-056 Pad - 4 79.50 139.00 59.50 0.40 0.37
Incl. -55/175 130.60 135.20 4.60 1.68 1.60
DCH-057 Pad - 4 71.50 82.00 10.50 0.22 0.17
-55/152 231.00 240.00 9.00 0.30 0.19
(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 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 soluble copper by sequential leaching where they are first agitated at room
temperature in a 5% sulphuric acid solution with the copper content measured by AA. The tails from the acid leach
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are then agitated in a 10% sodium cyanide solution with an AA finish to determine the amount of copper contained
in secondary sulphides such as chalcocite and bornite. 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.
About Camino Minerals Corporation
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 based on historical or current fact, incl uding 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 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
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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 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 ma terials.
Prospective investors should not place undue reliance on forward-looking information.
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.