-- Published: Tuesday, 13 March 2018 | Print | Disqus
Camino Minerals Corp. ("Camino" or the "Company") (COR: TSX-V) is pleased to report that the 2018 soil sampling program has delineated a new target area along the Diva Structural Trend at its Los Chapitos project (“Chapitos”), located in southern Peru.
The soil sampling program tested a six kilometer-long area along the projection of the Diva Structure and centered on the Adriana Zone (“Adriana”). A very strong copper anomaly covers Adriana and extends from 600 meters northwest of the zone over to the Katty Zone (“Katty”) which is 1,400 meters southeast. The drill-defined Adriana Zone is presently 600 meters in strike length.
In addition, a new copper anomaly was delineated starting about 800 meters southeast of Katty and is over 800 meters in strike length. This new anomaly is in an area which has very little outcrop and has not previously been examined. The results of the expanded soil survey are shown slides 18 and 19 in the presentation on the Company website at www.caminominerals.com.
Kenneth McNaughton, President and CEO, said, “These latest results are extremely encouraging and provide further support for our confidence that Chapitos could host a very large copper oxide deposit similar to Mina Justa located on the same belt of rocks 100 kilometers to the northwest."
“We’re very excited to build on our success from last year with the discoveries of Adriana and Katty and now work to connect these two zones and then to expand them into this new area to the southeast. We’re currently planning sufficient drilling to complete an initial resource estimation before the end of the year.”
The drill is scheduled to arrive at the project around March 20. It will take three to four weeks to complete this next program, the results of which may set the stage for aggressive follow-up drilling.
Preliminary metallurgical composites from Adriana and Katty have been collected and sent to a metallurgical lab in Lima for column test work on the soluble copper mineralization and flotation on the sulphides. Heap leaching with Solvent Extraction Electrowinning (“SXEW”) has the advantage of having relatively low capital and operating costs. As the project advances, further metallurgical test work will be completed with an emphasis on recovery of copper by SXEW.
Kenneth C. McNaughton, M.A.Sc., P.Eng., the President and Chief Executive Officer of the Company, is a Qualified Person (QP) and is responsible for the Chapitos Project exploration program.
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:
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.
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-- Published: Tuesday, 13 March 2018 | E-Mail | Print | Source: GoldSeek.com