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CAMINO EXPANDS ADRIANA ZONE 100 METERS WITH STEP OUT DRILLING
I just returned from the Vancouver Resource Investment
Conference and spoke with Ken McNaughton, President and CEO of Camino Minerals.
Their Chapitos Copper Project is almost at a "resource" stage in only 18 months.
This is quite an achievement and Ken reminded me that this is a new discovery
with little to no historical workings, which is quite impressive. Their latest
press release is below and many have been asking about copper projects due to
the EV (Electric Vehicle) Market. ~ David Morgan
News Release
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 (“Adriana”) at its Los Chapitos Project (“Chapitos”),
located in southern Peru.
View The Full News Release Here
Select drill highlights are:
-
DCH-049 intersected 0.82% copper over 49.40 meters,
including 2.04% copper over 9.00 meters;
-
DCH-052 intersected 0.65% copper over 45.50 meters,
including 1.08% copper over 6.50 meters.
Holes DCH-048, DCH-049, DCH-052, and DCH-053 were drilled as a
100 meter step out fan of holes targeting the southeast extension of Adriana.
All of the holes continued to intersect the shallow bed of oxide mineralization
as well as the extension of the mineralization related to the Diva Structure.
The shallow mineralization extends further north from the Diva Structure than
seen in previous drilling which appears to be the result of influence from a
northeast trending cross structure. An additional three drill holes were
completed to test for further extensions of the shallow oxide and Diva Structure
mineralization, assays for which will be released when available.
The 2017 diamond drill program totaled over 16,000 meters. Most of this drilling
was focused on the Adriana Zone which now measures 600 meters long, by up to 200
meters wide, and over 300 meters deep. It is defined by 34 drill holes totaling
11,275 meters, and contains dominantly copper oxide or soluble secondary
sulphide mineralization, as well as structurally hosted, high grade sulphide
mineralization. The zone remains open at depth, along trend to the northwest,
and to the southeast towards the Katty Zone.
The mineralization at the Katty Zone covers an area measuring roughly 150 meters
by 150 meters that has been defined by 13 drill holes totaling 2,560 meters.
Interpretation of the recent results suggests there is potential that this zone
may be related to the southeast extension of the Diva Structure. The remainder
of the program comprised the previously reported eight holes at the Atajo Zone
on the western side of the property, and at the southern end of the six
kilometer long Adriana/Katty trend, two holes at the Vicky Zone, the assays for
which are still pending.
Proposed work for the 2018 exploration program will include additional step out
drilling to test the extensions of the Adriana Zone to the northwest and to the
southeast, over to the Katty Zone. Drill results from the Atajo and Vicky Zones
will be reviewed and additional drilling completed as required. Preliminary
drilling will also be planned for several untested surface showings. Scoping
level metallurgical studies will be started on samples from the Adriana and
Katty Zones. Finally, permit applications will be filed so that sufficient
drilling can be completed to support an initial resource estimation.
View The Full News Release Here
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.
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. . .
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.
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