VANCOUVER, March 14, 2017 /CNW/ - Camino Minerals Corporation ("Camino" or the "Company") (COR: TSX-V) is pleased to report on permitting and exploration activities at its Los Chapitos project ("Chapitos"), located in southern Peru, including receipt of the exploration permit for the Phase 1 Reverse Circulation ("RC") drill program.
The Company has received the Authorization to Initiate the Phase 1 drill program from Ministry of Energy and Mines. The review of the permit application was completed in less than 6 months, reflecting the many positive aspects of the project, a dedicated effort by Camino staff, and government initiatives to make the review process more effective.
A track mounted RC drill has been contracted and will mobilize to site shortly. The initial program is expected to be completed in 2 to 3 weeks and will total between 2,500 and 3,000 meters of drilling, in 10 holes. The drill holes are planned to range in depth from 150 to 350 meters. Mineralization at the Adriana and Katty Zones will be the principle targets of this program. Assays will be released as they become available.
Ongoing field studies have confirmed certain of the controls on the mineralization at Adriana and have expanded the known exposure for the Katty Zone. A new area, called the Vicky Zone, is located about 2 kilometers along trend to the south east of Katty. It comprises a series of 0.2 to 0.5 meter wide structures that contain copper values ranging from 0.5% to plus 5.0%. This mineralization overlies a subsurface rectangular magnetic anomaly that measures 200 meters by 400 meters and continues to depth. The Vicky zone is still being evaluated and may be included as part of the Phase 1 program. A summary presentation 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
