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