Camino Expands Adriana Zone 100 Meters 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
#1-2018
January 9, 2018 TSX Venture Symbol: COR
OTCQB Symbol: CAMZF
CAMINO EXPANDS ADRIANA ZONE 100 METERS WITH STEP OUT
DRILLING
Camino Minerals Corporation (“Camino” or the “Company”) (COR: TSX -V) is pleased
to report results for the next four diamond drill holes completed on the A driana Zone
(“Adriana”) at its Los Chapitos Project (“Chapitos”), located in southern Peru.
Select drill highlights are:
• DCH-049 intersected 0.82% copper over 49.40 meters, including 2.04% copper
over 9.00 meters;
• DCH-052 intersected 0.65% copper over 45.50 meters, including 1.08% copper
over 6.50 meters.
Holes DCH-048, DCH-049, DCH-052, and DCH-053 were drilled as a 100 meter step out
fan of holes targeting the southeast extension of Adriana . All of the h oles continued to
intersect the shallow bed of oxide mineralization as well as the extension of the
mineralization related to the Diva Structure. The shallow mineralization extends
further north from the Diva Structure than seen in previous drilling which appears to be
the result of influence from a northeast trending cross structure. An additional three
drill holes were completed to test for further extensions of the shallow oxide and Diva
Structure mineralization, assays for which will be released when available.
The 2017 diamond drill program totaled over 16,000 meters. Most of this drilling was
focused on the Adriana Zone which now measures 600 meters long, by up to 200 meters
wide, and over 300 meters deep. It is defined by 34 drill holes totaling 11,275 meters,
and contains dominantly copper oxide or soluble secondary sulphide mineralization, as
well as structurally hosted, high grade sulphide mineralization. The zone remains open
at depth, along trend to the northwest, and to the southeast towards the Katty Zone.
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The mineralization at the Katty Zone covers an area measuring roughly 150 meters by
150 meters that has been defined by 13 drill hole s totaling 2,560 meters. Interpretation
of the recent results suggests there is potential that this zone may be related to the
southeast extension of the Diva Structure. The remainder of the program comprised the
previously reported eight holes at the Atajo Zone on the western side of the property ,
and at the southern end of the six kilometer long Adriana/Kat ty trend, two holes at the
Vicky Zone, the assays for which are still pending.
Proposed work for the 2018 exploration program will include additional step out
drilling to test the extensions of the Adriana Zone to the northwest and to the southeast,
over to the Katty Zone . Drill results from t he Atajo and Vicky Zones will be reviewed
and additional drilling completed as required. Preliminary drilling will also be planned
for several untested surface showings. Scoping level metallurgical studies will be
started on samples from the Adriana and Katty Zones. 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) r esponsible for
the Chapitos project.
Updated drill section s 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-048 Pad - 4 70.00 145.00 75.00 0.45 0.36
Incl. -65/195 119.50 133.00 13.50 1.07 0.99
379.50 417.00 37.50 0.73 0.18
Incl. 387.00 399.00 12.00 1.26 0.35
DCH-049 Pad - 4 70.50 81.00 10.50 0.35 0.30
-55/195 106.10 155.50 49.40 0.82 0.74
Incl. 137.50 146.50 9.00 2.04 1.89
318.00 384.00 66.00 0.34 0.22
Incl. 366.00 369.00 3.00 1.76 0.89
DCH-052 Pad - 4 102 147.5 45.5 0.65 0.59
Incl. -45/195 128.50 137.00 8.50 1.08 1.01
298.00 328.00 30.00 0.13 0.07
345.50 349.95 4.45 0.94 0.13
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Hole
Number
Pad #
Dip/Azimuth
(degrees)
From
(meters)
To
(meters)
Interval
(meters)
Total
Copper
(%)
Soluble
Copper
(%)
DCH-053 Pad - 4 70.55 92.50 21.95 0.40 0.35
-77.5/195 100.00 109.00 9.00 0.19 0.14
(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
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, 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 adequa cy 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 or statements that certain actions, events or results “may”, “could”, “would”,
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and similar expressions, have been used to identify 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 dif fer 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
materials. P rospective 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.