TSX Venture Symbol: COR
VANCOUVER, Oct. 24, 2017 /CNW/ - Camino Minerals Corporation
("Camino" or the "Company") (COR: TSX-V) is pleased to report on
recent exploration activities at its Los Chapitos project
("Chapitos"), located in southern Peru, including receipt of the exploration
permit to begin the drill program at the Atajo Zone ("Atajo"),
located 6 kilometers southwest of the Adriana Zone ("Adriana").
The Company recently received the Authorization to Initiate
Activities at Atajo from Ministry of Energy and Mines
("MEM"). The review of the permit application was completed
in less than 6 months reflecting the many positive aspects of
Chapitos, which include being in an area very well suited for
mineral exploration, a positive working relationship with the local
community of Atiquipa, a dedicated effort by Camino staff, and
government initiatives to make the review process more
effective.
Both diamond drills will be mobilized immediately to Atajo to
begin delineation drilling. Work is expected to continue
until early December, and will comprise up to 4,000 meters of
diamond drilling. Drill holes will range in depth from 150 to
350 meters. Atajo has been exposed over a strike length of
400 meters by shallow historical mining activities which reportedly
totaled up to 10,000 tonnes of copper oxide material being shipped
to a processing plant near the town of Nazca in the 1940's and
1950's. Surface sampling by the Company returned values
averaging 1.57% copper over 64 meters and 2.10% copper over 34
meters. Assays for the drilling will be released as they become
available.
The initial phase of drilling at the Adriana and Katty Zones has
been completed with 11,200 meters drilled in 40 holes. At
Adriana, 27 drill holes totaling 8,700 have defined a zone
measuring at least 450 meters along trend, up to 150 meters wide,
and over 300 meters deep. The mineralization begins near
surface, comprises both copper oxides and sulphides, is open along
trend to the northwest, southeast, and at depth. The Company
has drilled along trend to the maximum limits allowed under its
existing exploration permit. The environmental review has
been approved for a modification of that permit, and the Company is
now awaiting the Authorization to Initiate Activities. This
modification includes the expansion of the Adriana drill program to
test along trend and the initial drilling at the Vicky Zone,
located 4 kilometers southeast of Adriana.
Assays are pending for an additional 5 holes at Adriana and 2
holes at the Katty Zone, and will be released when available. A
summary presentation can be found on the company website at
www.caminominerals.com.
Kenneth C. McNaughton, M.A.Sc.,
P.Eng., is the Qualified Person (QP) responsible for the Chapitos
project.
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