Camino Intersects 106 Meters Averaging 1.30% Copper at Los Chapitos Project

TSX Venture Symbol: COR

VANCOUVER, April 18, 2017 /CNW/ - Camino Minerals Corp. ("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. 

Selected drill highlights from the first two drill holes at the Adriana Zone include:

• Hole CHR-002 intersected 1.30% copper over 106 meters (with the hole ending in mineralization), including 2.12% copper over 38 meters; and
• Hole CHR-001 intersected 0.47% copper over 76 meters, including 0.67% copper over 22 meters.

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. 

A further three RC drill holes (CHR-003, 004, and 005) have been completed as part of the Phase 1 program.  Assays will be released for these holes when available.  All of the RC drilling experienced significant hole deviations, with drill cutting returns averaging 70%.  As a result, the decision was made to contract a diamond drill to complete the rest of the Phase 1 program, which is scheduled to begin work in early May.  Additional diamond drilling will be planned to test for extensions of the Adriana surface oxide mineralization and deeper sulphide mineralization.  Diamond drilling will also be used to test the down dip extension of the surface oxide mineralization at the Katty Zone, located one kilometer southeast of Adriana.

A summary presentation, including drill plans and sections, can be found on the company website at www.caminominerals.com.

Table 1: Selected Reverse Circulation Drill Results ^(1,2) 

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.

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SOURCE Camino Minerals Corp.