Aug 15, 2017
Camino Minerals Corporation ("Camino" or the "Company") (COR: TSX-V) is pleased to report results for the next four diamond drill holes completed on the Adriana Zone at its Los Chapitos Project ("Chapitos"), located in southern Peru. This drilling was designed to test below the copper oxide mineralization found in outcrop. All of the drill holes intersected multiple zones of copper oxide and sulphide mineralization starting at or near surface.
Selected drill highlights include:
This drilling confirms that the mineralization found on surface at Adriana measures at least 250 meters long, is up to 150 meters wide, and extends to a depth of at least 200 meters. It ranges in grade from 0.10% copper up to 4.75% copper, and is open at depth, to the west, and to the south. This portion of the Adriana Zone appears to be controlled by north-south trending structures that are dipping steeply to the west. Additional drilling is underway to test for extensions to this mineralization.
Drilling continues testing the deeper oxide/sulphide mineralization intersected earlier in the program. A fan of four holes (DCH-012, DCH-016, DCH-019, and DCH-022) oriented at azimuth 230 degrees has been completed from Pad 2A, with two more holes being completed up-dip from these. Drilling has started on a second fan of holes from Pad 2A oriented at azimuth 205 degrees (DCH-024). Additional fans of drill holes are planned to test the over 400 meters of currently defined strike length of this mineralization, which remains open along strike and at depth.
To date, 25 diamond drill holes have been completed totaling 6,975 meters, which includes 14 holes at Adriana totaling 4,725 meters, and 11 holes at Katty totaling 2,250 meters. Assays are pending for seven holes at Adriana and eight holes at Katty and will be released when available.
Work continues on the project with two drills active, both currently working at the Adriana Zone. Through the end of the year, the Company expects to complete an additional 8,000 to 10,000 meters of definition and step-out drilling at the Adriana Zone; 2,000 to 3,000 meters at the Katty Zone; and preliminary drill programs at both the Vicky Zone, 2 kilometers south east of Katty, and the Atajo Zone, located on a separate trend 6 kilometers to the south west. An amendment to the existing exploration permit has been filed for the proposed drilling at the Vicky Zone. A separate permit application has been filed for the initial drill program at the Atajo Zone. The Company expects both will be approved in time to allow drilling in the fourth quarter of this year.
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)
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
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