Camino Minerals Corp. [COR-TSXV; CAMZF-OTC] has released results for the first two drill holes completed at its Los Chapitos Project located 15 km north of the coastal city of Chala, Arequipa, 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 metres (with the hole ending in mineralization), including 2.12% copper over 38 metres; and
- Hole CHR-001 intersected 0.47% copper over 76 metres, including 0.67% copper over 22 metres.
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-metre thick interval of high-grade copper sulphide mineralization composed mainly of bornite and chalcocite. The hole was stopped in mineralization, with the last two-metre 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