Total Soluble Copper Significantly Improved Versus Acid Soluble Copper FOR Adriana and Katty Drill Intersections
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
#06-2018
February 8, 2018 TSX Venture Symbol: COR
OTCQB Symbol: CAMZF
Frankfurt: XC01
TOTAL SOLUBLE COPPER SIGNIFICANTLY IMPROVED VERSUS ACID
SOLUBLE COPPER FOR ADRIANA AND KATTY DRILL INTERSECTIONS
Camino Minerals Corporation (“Camino” or the “Company”) (COR: TSX-V) is pleased to
report soluble copper results for diamond drill holes DCH- 001 through DCH -040 which
were completed as part of the 2017 drill program on the Adriana Zone (“Adriana”) and the
Katty Zone (“Katty”) at its Los Chapitos Project (“Chapitos”), located in southern Peru.
Select highlights are:
• DCH-012 intersected 0.93% total copper over 96.50 meters of which 0.69 %
reports as soluble copper, including 5.01% total copper of which 4.37% reports
as soluble copper;
• DCH-024 intersected 0.85% total copper over 95.95 meters of which 0.75%
copper reports as soluble copper, including 3.16% total copper over 6.15 meters
of which 3.01% copper reports as soluble copper.
Drill samples for the mineralized intervals in holes DCH -001 through DCH -040 were
reanalyzed using a sequential leach to determine the total soluble copper values which
includes values from both oxide copper and secondary copper sulphide minerals. This
reanalysis found that t he average soluble copper values more than doubled over the
previously reported oxide copper values. For intervals specifically within the high grade
Diva Structure, the average soluble copper increased by over 500% . This is significant
as the mineralization in the Diva Structure could potentially be processed either by heap
leach producing cathode copper or by conventional milling producing a copper
concentrate. Results comparing the acid soluble to the total soluble copper values have
been tabulated and can be found under the Chapitos Project tab of the Company website.
Holes DCH-041 to DCH-057 were assayed directly using the sequential leach technique
and are included in the tabulation.
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In other developments, drill data from the Adriana drilling has been compiled into a 3D
model which can be viewed on the Company website.
https://www.caminominerals.com/projects/los-chapitos-project/.
The model shows the multiple intersections that delineate the Diva Structure, and several
beds of volcanoclastics, one of which forms the discovery outcrop and host s the near
surface mineralization inter sected by the drilling from Pad 1. Th is bed dips to the
northwest and is open for extension in that direction, particularly where it intersects the
Dive Structure. A second, deeper bed of volcanoclastics dips parallel to the upper one
and is projected to daylight southeast of Adriana. Drill results from late in 2017 confirm
that this bed is well mineralized with oxide copper values and is open for extension to the
southeast and at depth. The current geologic interpretation suggests there are additional
beds which would daylight further to the southeast and may be related to mineralization
at Katty and other showings.
Ground crews recently completed a soil survey which covers the 6 kilometer long trend
centered on the Adriana and Katty Zones. The results for the central portion of the grid
are available and shown in the updated presentation on the Company website. Results
are still pending for the remaining two thirds of the samples which cover the east and west
ends of the grid. The available results show a well-defined, linear anomaly that is
coincident with the projection of the Diva Structure. There are also a number of broad
anomalies which will be prospected and trenched in the weeks ahead.
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. 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 estimate.
Kenneth C. McNaughton, M.A.Sc., P.Eng., is the Qualified Person (QP) responsible for
the Chapitos project.
Updated summary presentation can be found on the company website at
www.caminominerals.com.
Camino is a discovery -oriented mineral exploration company . The Company is focused
on the acquisition 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
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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 hi storical 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 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”,
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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 limit ation, 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.