Camino Continues to Expand Adriana Zone with Northwest Step Out Drilling
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
#10-2018
April 26, 2018 TSX Venture Symbol: COR
OTCQB Symbol: CAMZF
Frankfurt Symbol: XC01
CAMINO CONTINUES TO EXPAND ADRIANA ZONE WITH NORTHWEST
STEP OUT DRILLING
Camino Minerals Corporation (“Camino” or the “Company”) (COR: TSX-V) is pleased to
report results for the first diamond drill hole completed as part of the 2018 drill program
on the A driana Zone (“Adriana”) at its Los Chapitos Project (“Chapitos”), located in
southern Peru.
Select drill highlights are:
• DCH-058 intersected 0.37% copper over 18.5 0 meters, including 0.53% copper
over 6.10 meters.
DCH-058 was drilled 100 meters to the northwest of holes DCH-32 and DCH-34, which
were on the westernmost section drilled in 2017. Hole DCH -58 is also northwest of the
Adriana discovery outcrop, and was drilled below the ridge which features no copper
mineralization on surface.
The hole confirmed that the mineralization and stratigraphy are continuing down dip as
predicted, and in particular, is similar to the intersections in hole DCH-32 on the adjacent
section (0.21% copper over 29.2 meters, Section 190 – Pad 1). A follow-up drill hole will
be completed to drill below hole DCH -58 and test for thicker intervals of high grade
mineralization similar as to th ose seen in holes DCH -34 (0.85% copper over 95 meters ,
Section 190 – Pad 1), DCH-19 (0.97% copper over 42 meters , Section 230 – Pad 2A), and
DCH-12 (0.93% copper over 96.5 meters , Section 230 – Pad 2A ). The Adriana Zone
remains open for expansion in all directions as shown on the updated set of plans and
sections which are available on the Company website at www.caminominerals.com.
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Kenneth McNaughton, President and CEO, said, “The significance of this intersection is
greater than what it may appear. It confirms the system can be extended into areas where
there is little or no surface expressio n. It also means the exploration potential of the
project is much higher than what we saw when we started work in 2017.
“Our initial work had targeted areas with outcropping mineralization, then expanded
those zones through geophysics, trenching and drilling and now reveal what we believe
are largely continuous zones of mineralization that remain open for expansion.
“With the completion of the successful soil survey in early 2018 along the Diva Structure,
which revealed anomalous copper geochemistry along the six kilometer -long trend, this
low cost method proved that geochemical sampling is an effective prospecting tool in an
IOCG setting and will be used to evaluate the rest of the property.”
The copper mineralization is potentially more pervasive than outcrop would suggest so
Camino has staked additional claims and increased the size of the project by 20% to over
14,000 hectares. A property-wide geochemical sampling program is now being planned
with two primary objectives: (1) identify new zones of previously unrecognized
mineralization and (2) to prioritize exploration over the entire property.
Meanwhile diamond drilling continues with a total of four additional holes having been
completed testing for southeast extensions of the Adriana Zone. Surface work on the
Maria geochemical anomaly has exposed the continuation of the Diva Structure cutting
across a large area which appears to host favorable lithologies that have been highly
altered and brecciated. The zone will need to be properly mapped and sampled prior to
drilling.
Kenneth C. McNaughton , M.A.Sc., P.Eng., is the Qualified Person (QP) responsible for
the Chapitos project.
Updated drill section s and summary presentation are presented separately and 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-058 Pad - 5 18.50 27.50 9.00 0.21 0.06
-60/220 135.50 154.00 18.50 0.37 0.28
Incl. 138.00 144.10 6.10 0.53 0.42
190.00 200.00 10.00 0.21 0.12
(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
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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 simil ar 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
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
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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 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.