Negotiations with leaders from Atequipa have been ongoing for several months. At an assembly held on November 20, 2016, a large majority of attendees voted to allow Camino access to their lands in consideration of a onetime payment of $5,000 soles (US$1,500), and providing technical support for finding additional water resources for their agricultural and ranching operations. Atequipa community lands covers the western half of Chapitos, including the Atajo Zone, which has historical workings along 400 meters of strike length, that returned surface chip samples values averaging 2.10% copper over 38 meters, and a second line averaging 1.57% copper over 64 meters.
There are no community lands currently covering the eastern half of the property, host of the Adriana and Katty zones, which will be the focus of the initial drill program. An environmental assessment report has been prepared and filed as part of the drill permit application, and included prior consultation with Atequipa. Recent work on the Adriana Zone included chip sample lines across exposed mineralization that averaged 1.28% copper over 68 meters, and a second line averaging 0.60% copper over 120 meters. Modeling of the ground magnetic data indicates the surface exposure is near the apex of a conical shaped anomaly that extends at least 800 meters below surface. IP results suggest the surface oxide mineralization is likely to transition into sulphides starting around 250 meters below surface. The Katty Zone is located about 1 kilometer to the southeast, along the projection of a bounding fault of the Adriana Zone. Katty mineralization is in a shear hosted breccia with surface values up to 3.23% copper across 10 meters.
A summary presentation of the results from the geophysical surveys, and updated surface sampling, can be found on the company website at www.caminominerals.com
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:
President and Chief Executive Officer
Phone (604) 566-8778
http://www.caminominerals.comCautionary 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.
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