TSX Venture Symbol: COR
OTCQB
Symbol: CAMZF
Frankfurt Symbol: XC01
VANCOUVER, March 13, 2018 /CNW/ - Camino Minerals Corp.
("Camino" or the "Company") (COR: TSX-V) is pleased to report that
the 2018 soil sampling program has delineated a new target area
along the Diva Structural Trend at its Los Chapitos project
("Chapitos"), located in southern Peru.
The soil sampling program tested a six kilometer-long area along
the projection of the Diva Structure and centered on the Adriana
Zone ("Adriana"). A very strong copper anomaly covers Adriana
and extends from 600 meters northwest of the zone over to the Katty
Zone ("Katty") which is 1,400 meters southeast. The
drill-defined Adriana Zone is presently 600 meters in strike
length
In addition, a new copper anomaly was delineated starting about
800 meters southeast of Katty and is over 800 meters in strike
length. This new anomaly is in an area which has very little
outcrop and has not previously been examined. The results of
the expanded soil survey are shown slides 18 and 19 in the
presentation on the Company website at
www.caminominerals.com.
Kenneth McNaughton, President and
CEO, said, "These latest results are extremely encouraging and
provide further support for our confidence that Chapitos could host
a very large copper oxide deposit similar to Mina Justa located on the same belt of rocks 100
kilometers to the northwest.
"We're very excited to build on our success from last year with
the discoveries of Adriana and Katty and now work to connect these
two zones and then to expand them into this new area to the
southeast. We're currently planning sufficient drilling to
complete an initial resource estimation before the end of the
year."
The drill is scheduled to arrive at the project around
March 20. It will take three to
four weeks to complete this next program, the results of which may
set the stage for aggressive follow-up drilling.
Preliminary metallurgical composites from Adriana and Katty have
been collected and sent to a metallurgical lab in Lima for column test work on the soluble
copper mineralization and flotation on the sulphides. Heap
leaching with Solvent Extraction Electrowinning ("SXEW") has the
advantage of having relatively low capital and operating
costs. As the project advances, further metallurgical test
work will be completed with an emphasis on recovery of copper by
SXEW.
Kenneth C. McNaughton, M.A.Sc.,
P.Eng., the President and Chief Executive Officer of the Company,
is a Qualified Person (QP) and is responsible for the Chapitos
Project exploration program.
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.
SOURCE Camino Minerals Corporation