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Camino Minerals Corp (2)
Symbol COR
Shares Issued 52,917,380
Close 2018-01-08 C$ 0.38
Market Cap C$ 20,108,604
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Camino drills 49.4 m of 0.82% Cu at Los Chapitos

2018-01-09 06:41 ET - News Release

Mr. Ken McNaughton reports

CAMINO EXPANDS ADRIANA ZONE 100 METERS WITH STEP OUT DRILLING

Camino Minerals Corp. has released results for the next four diamond drill holes completed on the Adriana zone at its Los Chapitos project, located in southern Peru.

Select drill highlights are:

  • DCH-049 intersected 0.82 per cent copper over 49.40 metres, including 2.04 per cent copper over 9.00 m.
  • DCH-052 intersected 0.65 per cent copper over 45.50 m, including 1.08 per cent copper over 6.50 m.

Holes DCH-048, DCH-049, DCH-052 and DCH-053 were drilled as a 100 m stepout fan of holes targeting the southeast extension of Adriana. All of the holes 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 farther 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 totalled over 16,000 m. Most of this drilling was focused on the Adriana zone which now measures 600 m long, by up to 200 m wide and over 300 m deep. It is defined by 34 drill holes totalling 11,275 m 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 toward the Katty zone.

The mineralization at the Katty zone covers an area measuring roughly 150 m by 150 m that has been defined by 13 drill holes totalling 2,560 m. 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-kilometre-long Adriana/Katty trend, two holes at the Vicky zone, the assays for which are still pending.

Proposed work for the 2018 exploration program will include additional stepout drilling to test the extensions of the Adriana zone to the northwest and to the southeast, over to the Katty zone. Drill results from the 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, MASc, PEng, is the qualified person (QP) responsible for the Chapitos project.

Updated drill sections and summary presentation can be found on the company website.

                            SELECTED DIAMOND DRILL RESULTS (1,2)

Hole              From (m)        To (m)  Interval (m)  Total Cu (%)    Soluble Cu (%)

DCH-048             70.00        145.00         75.00          0.45              0.36
Incl.              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             70.50         81.00         10.50          0.35              0.30
                   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               102         147.5          45.5          0.65              0.59
Incl.              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
DCH-053             70.55         92.50         21.95          0.40              0.35
                   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 multidigestion with ICP
finish and select samples were analyzed for gold using fire assay with AA finish.
Samples over 1 per cent 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-per-cent-sulphuric-acid solution with the copper content measured by AA. The tails 
from the acid leach are then agitated in a 10-per-cent-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 Corp.

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.

We seek Safe Harbor.

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