Camino's Chapitos Copper Project Keeps Expanding

Published: Tue, 09/19/17



 

You are receiving this email as part of your subscription to the TheMorganReport.com.
The distribution of this email does not constitute a recommendation or advice of any kind.

Camino's Chapitos Copper Project Keeps Expanding

CAMINO EXTENDS HIGH GRADE MINERALIZATION AT ADRIANA AND KATTY ZONES

Camino 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 2 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 detailed summary can be found here.

You can view the Chapitos Presentation here.

Visit their website: www.caminominerals.com
 


. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Cautionary Note Regarding Forward-Looking Statements and Information

This article 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 article.
 

Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment objectives vary, this Summary should not be construed as advice to meet the particular needs of the reader. Any opinions expressed herein are statements of our judgment as of this date and are subject to change without notice. Any action taken as a result of reading this independent market research is solely the responsibility of the reader.

The Morgan Report is not and does not profess to be a professional investment advisor, and strongly encourages all readers to consult with their own personal financial advisors, attorneys, and accountants before making any investment decision. The Morgan Report and/or independent consultants or members of their families may have a position in the securities mentioned. Mr. Morgan does consult on a paid basis both with private investors and various companies. Investing and speculation are inherently risky and should not be undertaken without professional advice. By your act of reading this independent market research letter, you fully and explicitly agree that The Morgan Report will not be held liable or responsible for any decisions you make regarding any information discussed herein.