TSX Venture Symbol: COR
VANCOUVER, Sept. 14, 2017 /CNW/ - Minerals Corporation
("Camino" or the "Company") (COR: TSX-V) is pleased to report
results for four diamond drill holes completed on the Adriana Zone
and four holes on the Katty Zone at its Los Chapitos Project
("Chapitos"), located in southern Peru.
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
|
(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 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.
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.
SOURCE Camino Minerals Corporation