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Camino Minerals Corp.
Summary
| Project: | Los Chapitos | |
|---|---|---|
| Deposit: | Los Chapitos | |
| Location: | Peru | |
| Commodities: | Copper-Silver | |
| Date: | 4/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-4-2017: Camino Minerals Corp. announces an Exploration/Drilling Update report for its Los Chapitos deposit at the Los Chapitos project. Drilling results incl. 106m @ 1.30% Cu from 188m. Camino Minerals Corporation ("Camino" or the "Company") (COR: TSX- | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kenneth C. McNaughton (Internal) | |
| ABSTRACT: | Camino Minerals Corporation ("Camino" or the "Company") (COR: TSX-V) is pleased to report results for the first two drill holes completed at its Los Chapitos Project (“Chapitos”), located in southern Peru. These first two holes have confirmed the down dip extension of the Adriana Zone surface oxide mineralization, with one hole intersecting a zone of high-grade sulphide mineralization at depth. The Adriana Zone is one of five known zones located along the northeastern trend of Chapitos. The initial drilling was completed using a reverse circulation (“RC”) drill and was focused on testing the down dip extension of the Adriana surface mineralization as well as testing magnetic and IP geophysical targets at depth. Both holes were successful in intersecting the down dip extension of the surface mineralization, which was comprised predominantly of copper oxides. Hole CHR-002 passed through a magnetite rich zone, below which it encountered a 106 meter thick interval of high grade copper sulphide mineralization composed mainly of bornite and chalcocite. The hole was stopped in mineralization, with the last two meter sample assaying 0.86% copper. The projection of this hole cut along the margin of a moderate IP chargeability anomaly that was defined as part of the geophysical surveys completed by Camino in 2016. Hole CHR-001 was stopped in the magnetite rich zone at 300 meters due to excessive hole deviation. | |
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