Activities started at the end of March, with drilling to commence by the end of
'The drilling program that starts in April at Maria Cecilia provides a chance to make a new copper discovery on a project that has seen over 30,000 metres of historical drilling. Over USD
The Maria Cecilia complex is a mineralized system of intrusives that extends for over 5 km and hosts the mineral resources of Toropunto, Emmanuel, and the undrilled central porphyry target, Maria Cecilia. The Maria Cecilia target, exhibits the largest magnetic anomaly in the porphyry complex. Camino intends to drill up to two 750 meter holes to intercept a significant magnetic anomaly with the potential to host a robust mineralized porphyry system. Molybdenum has been encountered during previous exploration immediately adjacent to Maria Cecilia, that zonation models indicate potential proximity to a copper source. The proposed drilling program aims to discover ore-grade copper mineralization and associated minerals within the host rocks. This package of rocks is believed to have the potential to host significant mineral deposits characteristic of large-scale porphyry-style mineralization.
Maria Cecilia is in the center of the Northwest-Southeast belt between Toropunto, a copper-molybdenum-gold high-sulphidation epithermal system and the Emmanuel porphyry copper-molybdenum mineralization, hosted in a package of sandstones and limestones of the Goyllarisquizga group. This approximately 20-million-year-old Formation, hosts andesitic porphyry and granodiorite intrusions that could host large-scale concentrations of copper mineralization in the Cordillera Negra belt. At Maria Cecilia there is a 2.0 km Northeast-Southwest zonation, from unaltered calcareous rocks, grading to skarns of brown garnets, green garnets, and pyroxenes with the presence of sulfides, sandstones and hornfels with a stockwork of quartz veinlets, intruded by a porphyritic stock with copper oxides sampled at surface.
The drill holes at Maria Cecilia will seek to define copper mineralization and to estimate the corresponding zonation in the porphyry stock for further follow up drilling.
The Company is also pleased to announce the
Further to the
About Camino
Camino is a discovery and development stage copper exploration company. Camino is focused on advancing its high-grade Los Chapitos copper project located in
Contact:
President and CEO
Tel: (604) 493-2058
Email: info@caminocorp.com
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 prospectivity of future exploration work at Maria Cecilia and the receipt of necessary authorizations and approvals. Although the Company considers these assumptions 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 may be different than those expected by management, that the Company may be unable to obtain or will experience delays in obtaining any required authorizations and 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.
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