Camino Extends High Grade Mineralization at Adriana and Katty Zones
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.
- 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.
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 |
- True thickness to be determined.
- 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.
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:
Ken McNaughton President and Chief Executive Officer Phone (604) 566-8778 info@caminominerals.com http://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.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.