Wednesday, 03 Jun 2020

Step Out Drilling Extends Adriana Zone 400 Meters to the Southeast

VANCOUVER, May 24: Camino Minerals Corporation (Camino or the Company) (COR: TSX-V) is pleased to report results for the four southeast step out diamond drill holes completed as part of the 2018 drill program on the Adriana Zone (Adriana) at its Los Chapitos copper project (Chapitos), located in southern Peru.

This drilling has now defined the Adriana mineral system for over 1,000 meters while the Diva Structure has been mapped on surface for over six kilometers. Ongoing work suggests that copper mineralization, such as the Adriana and Katty Zones, can potentially be found anywhere along its length.

Selected drill highlights are:

DCH-061 intersected 0.68% Cu over 10.00 meters, including 1.05% Cu over 5.00 meters;

DCH-062 intersected 0.43% Cu over 21.60 meters, including 1.64% Cu over 1.50 meters.

Holes DCH-059 through DCH-062 were drilled as step out holes targeting the southeast extension of Adriana. Holes DCH-060 and DCH-062 were drilled to test mineralization found as a result of the earlier soil sampling program. All four holes intersected the Diva Structure which is interpreted to be the feeder zone for Adriana. The drill program was completed in early May and assays for the three remaining holes will be released when available. A total of 17,500 meters of diamond drilling has been completed to date on the project.

Kenneth McNaughton, President and CEO, said, Our work to date has looked at less than ten percent of the project so the Company will now focus on evaluating the rest of the property before resuming drilling. We continue to make new discoveries on a regular basis. For example, new copper mineralization was found along a 100-meter road cut south of the collars of holes DCH-060 and DCH-061. This new mineralization was first identified by soil sampling and subsequent prospecting. Soil sampling is providing growing evidence that Chapitos has excellent potential to host several significant copper deposits.

Field crews have started work on the regional soil sampling program which will survey approximately 400-line kilometers of grid. Analysis of the roughly 16,000 soil samples will be done on site using a portable XRF, with about 5% of the samples also being sent to the lab for confirmation ICP analysis. This will allow the Company to complete the survey at relatively low cost and be able to add infill sampling on anomalous areas almost immediately.

The first phase of this work has targeted the southern trend which hosts the Atajo and PDA zones located six kilometers southwest of Adriana. Work was prioritized on this trend since prospecting had previously identified some impressive copper showings. Preliminary results are encouraging and will be reported when this grid has been fully tested. The northern grid, which includes Adriana and Katty, will then be expanded to test along its full strike and some parallel zones to the north.

Scoping level metallurgical studies have been started which include bottle roll and column tests on four copper oxide composites from Adriana and Katty, and flotation test work on a single sulphide rich composite from Adriana. The program is expected to be completed in Q3 of 2018.

Kenneth C. McNaughton, M.A.Sc., P.Eng., is the Qualified Person (QP) responsible for the Chapitos project.

(PRN | 2 years ago)