Select drill highlights for the Adriana Zone include:
- DCH-025 intersected 1.43% copper over 16.3 meters, including 2.62% copper over 6.7meters;
- DCH-027 intersected 1.06% copper over 17.10 meters, including 2.91% copper over 3.0 meters.
Select drill highlights for the Katty Zone include:
- DCH-017 intersected 1.30% copper over 18.5 meters, including 2.20% copper over 8.8 meters;
- DCH-020 intersected 0.78% copper over 20.7 meters, including 1.17% copper over 5.7 meters.
Drill holes DCH-025 and DCH-027 were drilled from Pad 2 at the Adriana Zone to test up dip extent of the mineralization found in drill hole DCH-019, which intersected 0.97% copper over 42.0 meters, including 3.31% copper over 7.5 meters. Both of these holes intersected high-grade copper mineralization and successfully extended the high grade mineralization 100 meters closer to surface. All six holes drilled on this section intersected both structurally controlled sulphide mineralization as well as stratigraphically controlled magnetite replacement mineralization. The structurally controlled mineralization is interpreted to be the feeder zone for the Adriana copper system, is dominantly sulphide mineralization and has been traced for 200 meters down dip, ranges up to 7.0 meters in width, has average grades between 2.48% copper and 5.01% copper and is open along strike and at depth. The magnetite replacement mineralization is dominantly copper oxides, extends up to 150 meters away from the feeder zone and is open along trend to the northwest and southeast.
The Adriana Zone is currently defined by 24 drill holes totaling over 7,800 meters. It now measures over 450 meters long by 200 meters wide, and remains open along strike to the northwest and southeast and at depth.
At the Katty Zone, holes DCH-017 and DCH-020 extended the near surface mineralization a further 50 meters to the southeast and to depth. The mineralization has been tested by 11 drill holes totaling 2,250 meters, which define an area measuring 125 meters long, up to 75 meters wide and to depths of 100 meters below surface. The copper oxide mineralization is found in structurally controlled breccias and transitions into sulphide mineralization at depth. The zone is open along trend to the southeast and at depth.
Work continues on the project with step out drilling underway at the Adriana Zone and additional drilling planned for the Katty Zone. The Company also expects to receive authorization in October to initiate field activities at the Atajo Zone located on a separate trend six kilometers to the southwest of the Adriana Zone. The Company recently received approval of its environmental assessment and negotiated a community access agreement as part of the permit application for drilling at the Atajo Zone.
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 |
Dip/ Azimuth (degrees) |
From (meters) |
To (meters) |
Interval (meters) |
Total Copper (%) |
Acid Soluble Copper (%) |
|---|---|---|---|---|---|---|
| Adriana Zone | ||||||
| DCH-022 | -61/229 | 100.00 | 142.00 | 42.00 | 0.20 | 0.09 |
| 142.00 | 175.00 | 33.00 | 0.63 | 0.27 | ||
| Incl. | 142.00 | 149.50 | 7.50 | 1.32 | 0.68 | |
| 193.00 | 203.50 | 10.50 | 0.36 | 0.30 | ||
| 241.00 | 253.00 | 12.00 | 0.37 | 0.29 | ||
| 268.00 | 280.40 | 12.40 | 1.51 | 0.18 | ||
| Incl. | 269.50 | 275.80 | 6.30 | 2.48 | 0.27 | |
| DCH-023 | -50/135 | 81.20 | 87.00 | 5.80 | 0.46 | 0.30 |
| 160.00 | 166.00 | 6.00 | 0.35 | 0.08 | ||
| DCH-025 | -45/225 | 158.90 | 175.20 | 16.30 | 1.43 | 0.35 |
| Incl. | 168.50 | 175.20 | 6.70 | 2.62 | 0.29 | |
| DCH-027 | -52/225 | 151.50 | 169.00 | 17.50 | 0.18 | 0.07 |
| 169.00 | 186.10 | 17.10 | 1.06 | 0.33 | ||
| Incl. | 183.10 | 186.10 | 3.00 | 2.91 | 0.10 | |
| Katty Zone | ||||||
| DCH-017 | -50/28 | 0.00 | 12.05 | 12.05 | 0.22 | 0.12 |
| 73.30 | 91.80 | 18.50 | 1.30 | 1.02 | ||
| Incl. | 83.00 | 91.80 | 8.80 | 2.20 | 1.75 | |
| DCH-018 | -50/180 | 46.60 | 53.50 | 6.90 | 0.27 | 0.07 |
| DCH-020 | -60/28 | 17.50 | 33.15 | 15.65 | 0.30 | 0.22 |
| 70.40 | 83.70 | 13.30 | 0.45 | 0.29 | ||
| 116.70 | 137.40 | 20.70 | 0.78 | 0.55 | ||
| Incl. | 128.80 | 134.50 | 5.70 | 1.17 | 0.82 | |
| DCH-021 | -50/67 | 90.20 | 93.85 | 3.65 | 0.84 | 0.72 |
- True thickness to be determined.
- 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 fire assay with AA finish for gold. Samples over 1% copper were reanalyzed using four acid digestion with an ore grade ICP finish. Mineralized samples were analyzed for acid soluble copper by being agitated at room temperature in a 5% sulphuric acid solution with the copper content measured by AA. 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 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
info@caminominerals.com
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 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 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 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.
