TSX Venture Symbol: COR
VANCOUVER, May 18, 2017 /CNW/ - Camino Minerals Corporation ("Camino" or the "Company") (COR: TSX-V) is pleased to report that the Phase 2 drill program has started at its Los Chapitos Project ("Chapitos"), located in southern Peru.
The diamond drill arrived at the property on May 12 and began drilling a few days later. It is currently set up on Pad #1 and is drilling a twin hole to CHR-002 which intersected 1.30% copper over 106 meters, including 2.12% copper over 38 meters, with the hole ending in mineralization. Diamond drill hole DCH-001 is expected to drill through this mineralization and continue to a proposed depth of between 400 and 500 meters. The plans for additional drilling on the Adriana Zone will be finalized based on observations from this first hole.
The Phase 2 program has been expanded and will now total at least 3,000 meters of diamond drilling. Individual holes will range in length from 150 to 450 meters. In an effort to accelerate the pace of the program, a second diamond drill has been contracted. This drill is expected to arrive before the end of May and will begin work testing the Katty Zone. Drill results will be released as they become available.
In addition to the ongoing drill program, a number of other field activities are planned over the coming months. Field crews will continue mapping and prospecting the property. Recent work has discovered an extension of the Lourdes Zone, which is located two kilometers northwest of the Adriana Zone. The magnetic survey grid will be expanded to cover the entire 6 kilometers of the eastern trend of mineralization. Finally, the area covered by IP survey will be extended to the southeast from the current grid over the Adriana and Katty zones across to cover both the Vicky and Pilar zones.
A summary presentation, including drill plans and sections, can be found on the company website at www.caminominerals.com.
Kenneth C. McNaughton, M.A.Sc., P.Eng., is the Qualified Person (QP) responsible for the Chapitos project.
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.
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.
SOURCE Camino Minerals Corporation
For further information: and investor inquiries, contact: Ken McNaughton, President and Chief Executive Officer, Phone (604) 566-8778, firstname.lastname@example.org, http://www.caminominerals.com