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Camino Reports Underground Workings Sampling 5.1% Cu, 7.9 g/t Au and 3.5 % Cu, 9.3 g/t Au at Los Chapitos
Vancouver, British Columbia--(Newsfile Corp. - April 13, 2021) - Camino Corp. (TSXV: COR) (O...
About this update from Camino Minerals Corporation
[{"type":"text","content":"Camino Reports Underground Workings Sampling 5.1% Cu, 7.9 g/t Au and 3.5 % Cu, 9.3 g/t Au at Los ChapitosVancouver, British Columbia--(Newsfile Corp. - April 13, 2021) - Camino Corp. (TSXV: COR) (OTC: CAMZF) (WKN: A116E1) (\"Camino\" or the \"Company\") is pleased to announce new rock chip sample results from the extensive Lidia Zone copper-gold system at the northern end of the Diva Trend at its Los Chapitos copper project. Underground samples from artisanal workings returned up to 5.12% copper (Cu) and 9.33 g/t gold (Au), with the vein samples measuring 0.3 to 0.6 metres (m) in width (Table 1). The Lidia Zone is a large 3 km by 4 km area that is geochemically anomalous for high-grade copper and gold, with 238 samples taken in 2018/19 averaging 0.78 % Cu and up to 23% Cu and 11 g/t Au. The veins are hosted within part of the volcanic sequence that forms the Chocolate Formation, which is the main host of Iron-Oxide-Copper-Gold (IOCG) deposits found along west coast of Peru. The samples are comprised of copper oxides, chrysocolla, covellite, malachite, specularite, hematite, and quartz (Photos 1 & 2). Significant siliceous alteration is associated with the Lidia Zone and can be traced along the main Diva Structure to the southeast, where it intersects with the robust copper mineralization at the Adriana Zone (see January 19, 2021 news release). Camino's 2021 exploration program will aim to determine whether the alteration at the Lidia Zone is part of a subsequent hydrothermal event and how it relates to the Los Chapitos IOCG system. Jose Bassan, Chief Geologist at Camino, commented, \"Hydrothermal veins and gold mineralization are commonly found at the top of an IOCG system. IOCG deposits can be formed by multiple hydrothermal events with different mineralizing fluid characteristics that are controlled by the same major structural feature, in our case, the Diva Trend. We have a large 3 km by 4 km area to add to our copper and gold exploration target at Los Chapitos.\" Jay Chmelauskas, CEO at Camino stated, \"The high-grade copper and gold results that we see at the Lidia Zone may be geologically significant because they are hosted in the same \"Chocolate\" volcanics that host the large copper deposits along the west coast of Peru. We will explore to determine whether there is a series of veins to bulk mine or whether the high...