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Camino identifies Copper and Gold System at Los Chapitos sampling 1.71% Cu, 1.3 g/t Au and 6.1% Cu, 0.48 g/t Au
Vancouver, British Columbia--(Newsfile Corp. - February 22, 2021) - Camino Corp. (TSXV: COR)...
About this update from Camino Minerals Corporation
[{"type":"text","content":"Camino identifies Copper and Gold System at Los Chapitos sampling 1.71% Cu, 1.3 g/t Au and 6.1% Cu, 0.48 g/t AuVancouver, British Columbia--(Newsfile Corp. - February 22, 2021) - Camino Corp. (TSXV: COR) (OTC: CAMZF) (WKN: A116E1) (\"Camino\" or the \"Company\") is pleased to announce new sampling, geological mapping, and geophysical interpretation on its Los Chapitos copper project located in Southern Peru's Arequipa Department. The successful 2020 drilling campaign returned significant copper intercepts (see January 19 News Release) from the central portion of the 10 km copper mineralized Diva Trend. Sampling and mapping in 2020 along the Diva Trend (Table 1, Figure 2, and Figure 3) have identified large zones of alteration associated with Iron Oxide Copper and Gold (IOCG) mineralization to the northwest. Northwest - Potential Copper & Gold IOCG SystemFour km north of the 2020 drilling program, a recent sample from artisanal mine workings that extend over 30 metres underground returned 1.71% copper (Cu), 1.3 g/t gold (Au), and 12.5% iron (Fe) (Table 1 and Figure 2). The fault breccia in this area has green oxidized copper and calc-sodic alteration indicative of the regional Chocolate Formation IOCG hosting lithology. Previous sampling, in the northwest from 238 rock samples at the Lidia Zone, has returned an average of 0.78% copper, and copper and gold samples up to 23% Cu and 11 g/t Au, including similar copper and gold anomalies along the parallel Atajo Trend (see Figure 3) within the Company's 220 km2 claims. The Company is expanding its Environmental Impact Assessment (EIA) coverage to obtain permits for planned drilling of these areas as part of its Stage 2 drilling campaign in 2021. Southeast - Significant Magnetic Anomaly and Stage 1 Permitted Drilling Stage 1 drilling at Los Chapitos is fully permitted and is planned to commence in May or June 2021. The Stage 1 drilling campaign will target the continuity of copper mineralization in the Adriana central portion of the Diva Trend where the Company is delineating the extent of copper mineralization as it works towards a maiden resource estimate. The Company also plans exploratory drilling in permitted areas towards the southeast to potentially expand mineralization, and extension drilling where copper has been previously intercepted in drillholes at the Katty zone loc...