Camino Identifies New Polymetallic Silver Mineralization and New Veins at Plata Dorada with up to 1,565 g/t Ag, 0.67 g/t Au, 1.19% Cu, 32% Zn, and 18.25% Pb; Increases Mineral Claims to 5,500 Hectares
Vancouver, British Columbia--(Newsfile Corp. - May 12, 2021) - Camino Corp. (TSXV: COR) (OTC: CAMZF) (WKN: A116E1) ("Camino" or the "Company") is pleased to announce new exploration results from its 100% owned Plata Dorada Copper and Silver project ("Plata Dorada" or "the Project") in Peru. In March 2021, the Company completed an exploration program at Plata Dorada and identified six new polymetallic veins, bringing the total to sixteen identified veins at the Project (see news release dated February 3, 2021). A rock chip sample taken along the Plata Dorada mesothermal trend identified a new copper and silver mineralized structure with a width of 0.5 m grading 1.19% copper (Cu), and 18.35 ppm silver (Ag). Camino also identified new areas of polymetallic vein mineralization south of the existing claim position and acquired 1,700 hectares (ha) of new claims for a total claim area of 5,500 ha (Figure 1).
The new mineralized veins hosting copper, silver, gold, zinc, and lead have rock chip sample grades up to 1,565 g/t silver (Ag), 0.67 g/t gold (Au), 1.19% copper (Cu), 32% zinc (Zn), and 18.25% lead (Pb). The rock chip samples range in width from 0.2 to 2.0 m across the veins and are found in a preferential direction from northwest to southeast parallel to the Andean trend. The individual polymetallic veins have been mapped with strike lengths up to 5 m, before disappearing under shallow cover. A summary of identified significant vein and channel sample results is shown in Figure 1 and Table 1.
Photo 1. Sample 91 - diorite filling of argentiferous galena, sphalerite, limonite, goethite and epidote
To view an enhanced version of Photo 1, please visit:
Jose Bassan, Chief Geologist at Camino, said, "We have identified veins with strong silver and copper anomalies at Plata Dorada, along the Andean trend. During our recent prospecting efforts, we have also identified a polymetallic system with silver, copper, gold, lead, and zinc in vetiform structures. Our early exploration results indicated that there is a very rich metal endowment in the area."
"We continue to increase our land position at Plata Dorada based on exceptional high-grade samples returned from subsequent reconnaissance traverses," said Camino CEO Jay Chmelauskas. "This is a region with a rich history of high-grade metal mines and discoveries."
Figure 1. Plata Dorada Project Historic (Orange) and New (Red) Claims with 2021 Sample Results
To view an enhanced version of Figure 1, please visit:
High-grade silver samples 90 (0.4 m @ 1,565 g/t Ag) and 91 strike in the northwest to southeast direction and are spaced approximately 50 m apart. Sample 90 was taken across a 0.4 m wide outcropping vein. Sample 91 is a grab sample that is projected to be an extension to the vein in sample 90.
Historical artisanal mining shows a structural lineament in the Andean trend "Rumbo Andino" from northwest to southeast that contains multiple mineralized structures with directions varying from northwest to northeast, following the same trend from rock chip samples. The structures are subvertical with sigmoidal and lenticular shape on the surface, and filled with milky saccaroidal-quartz, iron oxides, argentiferous galena, sphalerite, and chalcopyrite. The veins are clearly identifiable around artisanal workings, but otherwise disappear under soil cover.
Camino is developing an exploration program that will include collecting over 450 soil samples for x-ray fluorescence (xrf) analyses, as well as detailed 1:2500 geological mapping of the mineralized structures with the goal of defining a drilling program by the end of 2021.
Plata Dorada is located 158 kilometers east of the city of Cusco. The Project can be accessed by a 2.5-hour drive along a paved highway from Cusco. There are 18th century records of colonial mining activities at several locations within 50 kilometers of Plata Dorada. Numerous pits and shallow underground workings exist on the property as a result of recent artisanal mining activities.
The 2021 channel samples were collected and analyzed by ICP-61, with digestion by four acids for 33 elements and fire assay for Au. The geochemical analyses of the samples were labelled according to analysis batch "LI21099746, LI21097983" & ME-MS61 & Cu-OG62 & Au-AA23 & Ag-GRA21 & Ag-OG62 & Pb-OG62 & Zn-VOL70 & Pb-VOL70 and sent to ALS global based in Lima, Peru for analysis.
|Sample No.||East||North||Elev.||Area |
|Pb PPM||Zn PPM|
|2||278040||8495365 ||3,954||DORADA SUR||0.2||330||75NE||18||2.78||0.016||New vein||468||>10000|
|56||280001||8495809 ||4,291||HITHZA II||0.6||58||2.78||0.424||New vein||315||44|
|Hist_MARC027||280446 ||8496546 ||HITHZA II||-||20||1,500||3.13||Historic|
|Hist_MARC024||280455 ||8496526 ||HITHZA II||-||20||433||1.32||Historic|
|Hist_MARC028||280479 ||8496585 ||HITHZA II||-||20||1,500||8.57||Historic|
|Hist_MARC025||280479 ||8496555 ||HITHZA II||-||20||400||1.85||Historic|
|Hist_MARC029||280488 ||8496578 ||HITHZA II||0.3||20||323||1.95||2.12||Historic|
|Hist_MARC013||280503 ||8496657 ||HITHZA IV||0.5||20||222||2.45||0.44||Historic|
|Hist_MARC012||280504 ||8496661 ||HITHZA IV||0.7||20||1,030||2.47||0.718||Historic|
|Hist_MARC021||280505 ||8496598 ||HITHZA II||0.5||20||586||1.86||Historic|
|Hist_MARC016||280513 ||8496616 ||HITHZA II||1.5||20||1,430||1.45||1.125||Historic|
|Hist_MARC030||280647 ||8495706 ||HITHZA II||0.6||140||56||6.93||0.056||Historic|
|Hist_MARC031||280668 ||8495699 ||HITHZA II||0.6||140||42||5.97||Historic|
|Hist_MARC032||280684 ||8495685 ||HITHZA II||1.0||140||27||2.36||0.048||Historic|
|Hist_MARC033||280690 ||8495661 ||HITHZA II||0.5||140||117||3.51||Historic|
|53||280697 ||8495678 ||4,412||HITHZA II||0.8||345||68NE||39||1.51||0.119||New Sample||320||36|
|Hist_MARC034||280715 ||8495654 ||HITHZA II||1.0||140||19||0.99||Historic|
|Hist_MARC035||280732 ||8495618 ||HITHZA II||0.5||140||93||2.72||0.017||Historic|
|28||281289 ||8496214 ||4,375||HITHZA II||0.5||38||3.38||0.013||New vein||55||23|
|30||281683 ||8496325 ||4,246||TALI||1.4||10||45E||36||1.49||0.053||New vein||11||14|
|11||281950 ||8496998 ||4,010||TALI 1||0.3||190||60SE||1,500||5.76||0.03||New vein||148||723|
|Hist_MARC007||282270 ||8496653 ||TALI 1||0.4||140||31||1.54||Historic|
|Hist_MARC005||282280 ||8496665 ||TALI 1||0.5||140||17||1.01||Historic|
|32||282309 ||8496630 ||4,023||TALI 1||1.0||0||75SE||15||1.42||0.292||New Sample||23||64|
|31||282314 ||8496569 ||4,047||TALI||0.5||20||70W||21||1.25||0.353||New Sample||16||27|
|104||280624||8496945||4103||HITHZA IV||0.5||18.35||1.19||0.01||New Sample||10.2||31|
|Sample No.||East||North||Elev.||Area |
|Gold (Au) |
|Pb-VOL70 %||Zn-VOL70 %|
|89||279207||8485020||4,550||Dorada 4||0.5||883||0.15||0.49||New Sample||10.30||12.64|
|90||279214||8485011||4,552||Dorada 4||0.4||1565||0.26||0.48||New Sample||11.41||32.00|
|91||279163||8485055||4,516||Dorada 4||1565||0.25||0.67||New Sample||18.25||9.86|
|100||288526||8482296||4,615||Dorada 5||0.7||85||0.17||0.06||New Sample||1.99||0.02|
|102||280073||8496310||4,218||HITHZA II||2||71||0.37||0.06||New Sample||0.06||0.02|
|103||280073||8496310||4,218||HITHZA II||2||127||0.50||0.08||New Sample||0.21||0.16|
Table 1. Channel Sample Results in 2021 and Historic Sampling at Plata Dorada
About Camino Minerals Corporation
Camino is a discovery and development stage copper exploration company. The Company is focused on advancing its high-grade Los Chapitos copper project located in Peru towards potential resource delineation and new discoveries. In addition, the company has commenced field studies at its copper and silver Plata Dorada project. Camino is currently closing the acquisition of the Maria Cecilia copper porphyry. The Company seeks to acquire a portfolio of advanced copper assets that have the potential to deliver copper into an electrifying copper intensive global economy. For more information, please refer to Camino's website at www.caminocorp.com.
Jose Bassan MAusIMM (CP) 227922, MSc. Geologist, a Qualified Person as defined by NI 43-101, has reviewed and approved the technical contents of this document. Mr. Bassan has reviewed and verified relevant data supporting the technical disclosure, including sampling and analytical test data.
ON BEHALF OF THE BOARD
/S/ "Jay Chmelauskas"
President and CEO
For further information, please contact:
Camino Investor Relations
Tel: (604) 608-4513
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements: Certain disclosures in this release constitute forward-looking information. In making the forward-looking disclosures in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. Forward-looking information in the release includes the timing and results of upcoming exploration programs at Plata Dorada. Although the Company considers these statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking information in this release is subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking information. Such risk factors include, among others, that actual results of the Company's exploration activities will be different than those expected by management, that the Company will be unable to obtain or will experience delays in obtaining any required approvals and the state of equity and commodity markets. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/83725