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Camino Minerals Corp.
Summary
| Project: | Los Chapitos | |
|---|---|---|
| Deposit: | Los Chapitos | |
| Location: | Peru | |
| Commodities: | Copper-Silver | |
| Date: | 6/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-6-2017: Camino Minerals Corp. announces an Exploration/Drilling Update report for its Los Chapitos deposit at the Los Chapitos project. Drilling results incl. 168.5m @ 0.72% Cu from 190m. 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 diamond drill hole completed at its Los Chapitos Project (“Chapitos”), located in southern Peru. Hole DCH-001 was designed to twin CHR-002 on the Adriana Zone which intersected 106 meters averaging 1.30% copper. Hole DCH-001 intersected numerous intervals of oxide and sulphide mineralization which had a combined total length of 316 meters averaging 0.63% copper. Diamond drilling appears to have recovered the oxide mineralization better than RC drilling, as noted by the interval from 5.7 to 61 meters. Copper oxide mineralization was found throughout the hole, including in the magnetite rich zones. Most of the deeper intersections averaging greater than 1% copper were generally sulphide mineralization. The comparable diamond drill interval to the high grade intersection of hole CHR-002 was well brecciated and resulted in it being mostly oxide mineralization containing reduced copper values. DCH-001 was stopped in a fault zone at 386 meters. Chalcopyrite was observed at the bottom of the hole with the last 3.8 meters averaging 0.94% copper. The Company plans to drill additional holes from another location that will be approximately perpendicular to the fault. These will better define the location of the fault and test the IP chargeability anomaly, located immediately to the south. | |
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