Welcome to our dedicated page for Camino Minerals news (Ticker: CAMZF), a resource for investors and traders seeking the latest updates and insights on Camino Minerals stock.
Camino Minerals Corporation (OTC: CAMZF) regularly publishes news updates describing its activities as a discovery and development stage copper exploration company. Its releases focus on the advancement of copper projects in Chile and Peru, including the construction-ready Puquios copper mine and the IOCG Los Chapitos copper project.
News items frequently cover exploration results such as trenching, channel sampling, and drilling outcomes at Los Chapitos, where Camino reports high-grade copper and associated silver mineralization at targets like Mirador, Katty, Maqui, Piloto, Enjambre, Adriana, Lourdes, and Sombrero Blanco. The company also reports on geological mapping, geochemical sampling, and the identification of new copper-silver targets along the Diva and La Estancia trends.
For project development, Camino’s news includes updates on Puquios in Chile, including regulatory approvals for project modifications, descriptions of planned sulphide leaching operations using SXEW technology, and leaching studies at Nittetsu Mining’s research and development facility in Tokyo. Releases also describe efforts to secure project financing with Japanese lenders and to evaluate scale-up opportunities for deeper copper mineralization.
Investors following CAMZF news will also see financing and corporate updates, including private placements with strategic investors, share issuances related to project acquisitions and finders’ fees, and information on joint venture arrangements with Nittetsu Mining. Camino’s news flow additionally highlights its participation in Peru’s “Perú Explora” initiative, community engagement activities, and technical oversight under National Instrument 43-101.
This news page aggregates these disclosures so readers can review exploration milestones, project development steps, and financing events associated with Camino’s copper-focused portfolio.
Camino Minerals (TSXV:COR)(OTC PINK:CAMZF) has announced significant progress in its Summer 2024 mapping and exploration campaign at the Los Chapitos copper project in Peru. The company, in collaboration with Nittetsu Mining CO., , has identified five new exploration targets along the La Estancia fault, which extends for approximately 12 km through Camino's claims.
Key highlights include:
- Discovery of additional copper zones at Pilar Maria along the Diva Trend
- Notable mineralization at multiple targets, with copper grades reaching up to 7.3% Cu and 54 ppm Ag at Pilar Maria
- Drilling expected to begin at prioritized targets as early as December 2024
- Ongoing exploration targeting structural controls across the 12 km La Estancia trend
The new targets at Los Chapitos show similarities to manto-type copper deposits in northern Chile and demonstrate potential for copper-silver manto and IOCG type deposits. This exploration complements Camino's recent agreement to purchase the Puquios construction-ready copper mine in Chile.
Camino Minerals (TSXV:COR)(OTC PINK:CAMZF) has entered into a definitive share purchase agreement with Nittetsu Mining Co., and Denham Capital-advised vendors to jointly acquire the Puquios Copper Project in Chile. The transaction, valued at CAD $45.5 million plus contingent payments and an NSR royalty, will be structured as a 50/50 joint venture between Camino and Nittetsu. Key highlights include:
1. Initial CAD $20.5 million payment (CAD $10 million cash from Nittetsu, CAD $10.5 million in Camino shares)
2. Five contingent payments totaling CAD $25 million
3. 1.25% NSR royalty on all sales
4. Camino to undertake a CAD $2 million private placement
5. Transaction classified as a non-arm's length Reverse Takeover
The acquisition aims to transform Camino into a mid-tier copper producer, complementing its existing exploration projects in Peru. The deal is subject to shareholder and regulatory approvals, with closing expected by December 15, 2024.
Camino Minerals (TSXV:COR, OTC PINK:CAMZF) and Nittetsu Mining Co., have extended their exclusive negotiation period for the acquisition of the Puquios Project, a construction-ready copper mine in Chile. The exclusivity period, initially set to end on August 31, 2024, has been extended by one week to September 7, 2024. This extension allows both parties additional time to finalize negotiations and documentation for the Proposed Acquisition. The Puquios Project represents a significant opportunity in the copper mining sector, with potential implications for Camino's market position and future operations in Chile.
Camino Minerals has received a CAD$1.5 million third option payment from Nittetsu Mining to support further exploration of its Los Chapitos Copper Project in Peru. This payment is part of a Definitive Agreement signed in 2023, allowing Nittetsu to secure a 35% interest in the project with a total investment of CAD$10 million over three years. To date, Nittetsu has invested CAD$5.5 million. The funds will support the next phase of exploration, focusing on near-surface green oxide copper mantos and potential large sulphide copper deposits. Upcoming exploration activities include developing a new geological model for the Adriana zone and continued geological mapping at the Diva Trend to generate new drilling zones for the Fall 2024 campaign.
Camino has announced its inaugural drilling program at the Maria Cecilia copper porphyry project in Peru, starting June 1, 2024. This program aims to discover copper mineralization and estimate zonation for further drilling. Previous drilling at nearby Toropunto and Emmanuel revealed significant copper equivalent grades, indicating potential at Maria Cecilia. Camino plans to drill two 750-meter holes at Porphyry 1 and Porphyry 2 to target a large magnetic anomaly. Geological observations and recent assay results show promising copper oxide mineralization at surface levels. The project also includes newly identified Porphyry 3, which covers 0.4 by 1 km with notable copper mineralization features.
Camino has expanded its claims at the Los Chapitos copper project in Peru by an additional 1,700 hectares, following a land auction where it outbid competitors, including Rio Tinto. This increase brings the total area of Los Chapitos to 22,571 hectares. This marks Camino's second expansion in the past year. The new claims, identified as block 59 and block 54, are strategically located to connect existing claims and follow major fault structures. Rio Tinto also secured additional claims adjacent to Camino's property.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
FAQ
What is the current stock price of Camino Minerals (CAMZF)?
What is the market cap of Camino Minerals (CAMZF)?
