Issue link: http://resourceworld.uberflip.com/i/882975
52 www.resourceworld.com O C T O B E R / N O V E M B E R 2 0 1 7 CAMINO MINERALS FOLLOWING UP GOOD PERUVIAN DRILL RESULTS Following numerous good drilling results over the past summer, Camino Minerals Corp. [COR-TSXV; CAMZF-OTC] has received notice that its Environmental Assessment (Declaration de Impacto Ambiental – DIA) has been approved for a drill program on the Atajo Zone of its Los Chapitos Project, Arequipa, southern Peru. The 100%-owned project is 15 km north of the coastal city of Chala. Assays from the current Phase II drilling program included hole DCH-012 that intersected 0.93% copper over 96.5 metres, including 2.03% copper over 19.5 metres and 5.01% copper over 4.5 metres in the Adriana Zone. Selected drill highlights from hole DCH-001 include: • 0.73% copper over 55.0 metres, including 1.21% copper over 28.3 metres; • 0.72% copper over 168.5 metres, including 1.63% copper over 27.0 metres, and; • 0.94% copper over 3.8 metres at the end of the hole. • Hole DCH-001 was designed to twin CHR-002 on the Adriana Zone which intersected 106 metres averaging 1.30% copper. The Katty Zone has also returned encouraging drill results. Select drill highlights for the Katty Zone include: • DCH-010 intersected 0.70% copper over 43.5 metres, including 1.85% copper over 5.6 metres; • DCH-014 intersected 1.20% copper over 21.4 metres, including 2.70% copper over 7.9 metres. The DIA was completed as part of the permit application for 20 drill platforms at the Atajo Zone located on a separate trend 6 km southwest of the Adriana Zone. Camino has also filed with the Public Registry a two-year access agreement negotiated with the commu- nity of Atiquipa for all exploration activities on community lands, which cover the western half of Chapitos, including the Atajo Zone. Part of its Corporate Social Responsibility program, the agree- ment commits Camino to fund community development projects totaling about US $30,000 in year one and US $35,000 in year two. These documents, along with an Archeological Certificate, are in the process of being submitted to the Mining Ministry for autho- rization to initiate field activities. While Camino Minerals is currently focused on the Los Chapitos Project, it also holds three other mineral projects: the Lost Cabin gold project in Oregon; the Red Beds copper-silver project in Peru; and the Plata Dorada copper project in Peru. In January 2015 Camino acquired MinQuest Peru, a private syn- dicate formed by Ken McNaughton, Joe Ovsenek & Ken Konkin, created to conduct generative exploration in Peru. This team has a successful history of exploration and mine building in Canada, Mexico, Peru and Argentina. In early June, Camino Minerals completed a non-brokered private placement for gross proceeds of $5,035,000 which is being used to fund the Phase 2 drill program at Los Chapitos. The company has 44.8 million shares outstanding and 62.4 million shares fully diluted. n MINING