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Camino Corporation Announces Further Drilling Results and New IOCG Alteration Zones at Its Los Chapitos Copper Property
Vancouver, British Columbia--(Newsfile Corp. - November 24, 2020) - Camino Corp. (TSXV: CO...
About this update from Camino Minerals Corporation
[{"type":"text","content":"Camino Corporation Announces Further Drilling Results and New IOCG Alteration Zones at Its Los Chapitos Copper PropertyVancouver, British Columbia--(Newsfile Corp. - November 24, 2020) - Camino Corp. (TSXV: COR) (OTCQB: CAMZF) (WKN: A116E1) (\"Camino\" or the \"Company\") is pleased to announce results from the next four holes (DCH-67, 68, 69, and 70) in its 2020 campaign on its Los Chapitos copper project located in Southern Peru's Arequipa Department that commenced on October 2, 2020. There are four more additional drillholes that are pending assay results. Summary for all holes to date are presented in Table 1.Table 1: Drill Intercepts for Holes DCH-066 to DCH-70HOLE IDFROM (m)TO (m)WIDTH (m)(not true width)GRADE (% Cu)DCH - 06610101.292.10.52Incl.68.589.320.80.97212.1253.1410.29DCH-6719.531.5120.3996.510710.50.38DCH-068No Significant ResultsDCH-0692237.515.50.35DCH-070No Significant Results \"The objective our drilling campaign has been to delineate copper oxide mineralization closer to surface and to make new discoveries. Our recent results have intercepted additional copper (Cu) mineralization by fence drilling at our Carlotta outcrop, including an additional 41 metres @ 0.29% Cu, from previously reported 92.1 metres @ 0.52% Cu, in hole DCH - 066 cutting through the Diva Fault. We also intersected near surface 15.5 meters @ 0.36% Cu intercepting the Diva Fault at the front of our Adriana outcrop along the Diva Trend in hole DDH-069. In order to meet a suitable mining tonnage and establish an oxide mining resource, we are also pursuing new discoveries within the Los Chapitos IOCG system. Future drilling will target oxide outcrops to the North (Photos 1 & 2) at Olga, Lourdes, and Condori,\" said Jay Chmelauskas, CEO of Camino. \"Drill hole DDH-070 was designed to intercept copper mineralisation near surface, and also test the Diva West area for a new discovery on the west of the Diva Fault. Drilling into Diva West intercepted highly altered and mineralized rock with sulphides estimated at up to 10%. However, our assays did not confirm our expectation of copper sulphides in the drilling intercepts. The Diva West volcanics do remain prospective based on oxide copper sampling at Olga (24m @ 0.56 % Cu) and a rockchip sample hosting 2.2% Cu and 49ppm Ag. The remaining holes in the drilling campaign test both the Diva Fau...