Camino Minerals Corp. advances copper exploration and development projects in South America, with recurring updates centered on the Puquios copper project in Chile and the Costa de Cobre, formerly Los Chapitos, project in Peru. Company news covers drilling results, trenching and geological modeling, project-level joint venture activity with Nittetsu Mining, and metallurgical work tied to copper recovery methods.
Camino's announcements also address equity financing, strategic shareholder participation, management and operating appointments, and project planning for its Chilean and Peruvian copper portfolio. The company's updates are primarily tied to exploration results, development readiness, partner funding arrangements, and corporate capital needs.
Camino Corp. (TSXV:COR, OTC PINK:CAMZF) has identified the Diana Zone as a new drilling target at its Los Chapitos copper project in Peru. Previous sampling showed 1.05% total copper and 14 ppm silver over 56 meters. The company anticipates an expansion of its EIA drilling permit in Q2 2023, increasing its coverage to 6,012 hectares. The Diana Zone is strategically positioned near existing targets and shows similar geology to prior discoveries at the Lourdes Zone. CEO Jay Chmelauskas highlighted the potential for significant copper mantos in this new area, leveraging geological similarities to successful past drilling campaigns.
Camino Corp. (TSXV:COR)(OTC PINK:CAMZF) has announced a non-binding Letter of Intent with Nittetsu Mining Co., Ltd. for a partnership in its Los Chapitos copper project in Peru. Nittetsu can obtain a 35% interest by investing CAD $10.1 million over three years, which will support exploration and studies. Initial payments include CAD $100,000 for exclusivity and CAD $1 million upon signing a Definitive Agreement by April 2023. Camino will continue as the project operator. The Los Chapitos Project is located in a promising IOCG belt, adjacent to significant mines, highlighting its potential in the copper market.
Camino Corp. (OTC PINK:CAMZF) announced promising results from the Lourdes Zone at its Los Chapitos property in Peru, revealing high solubility rates in copper oxide minerals from drillholes DCH-97 (83% acid solubility, 92% total solubility) and DCH-80 (79% acid solubility, 87% total solubility). These results confirm the continuity of mineralization to depths of at least 100 meters. The findings strengthen the feasibility of establishing a copper oxide heap-leach mine, aligning with the company’s development strategy.
Camino Corp. (OTC PINK: CAMZF) announced the receipt of the Declaration of Environmental Impact permit for its Maria Cecilia copper project in Peru, allowing drilling of up to 23,000 metres on 20 platforms. Since 2012, the project has received around US $28 million in investments, including a maiden copper and gold resource unveiled in 2021. Historical drilling has reported grades of up to 6.7% Cu and a significant magnetic anomaly in the region. The company is now seeking its Start of Operations permit to begin preparations for drilling.
Camino Corp. (TSXV:COR)(OTC PINK:CAMZF) announced the final results of its 2022 drilling campaign at the Los Chapitos copper project. The campaign identified several new satellite areas with promising copper and silver mineralization, achieving a total of 1,513 meters drilled. Key yields include 55.5m at 0.93% Cu from surface. The company believes it is nearing the tonnage required for a small-scale mining operation and plans to continue exploration as permits are acquired. The findings bolster potential for expanding copper resources at Los Chapitos.
Camino Corp. (OTC PINK: CAMZF) announced promising drill results from the Los Chapitos copper project in Peru. Initial drilling at the Lourdes zone revealed a significant high-grade intercept of 1.23% oxidized copper over 31 meters. The current drilling campaign is set for 1,500 meters completion by mid-July, with final results expected in September. Additional exploration potential exists in connecting with the Diana zone, enhancing the project's scope. The company aims to expand exploration areas significantly pending environmental approvals.
Camino Corp. (OTC PINK:CAMZF) has successfully completed the first phase of its Spring 2022 drilling campaign at the Lourdes zone of its Los Chapitos copper project in Peru. The campaign involved three drillholes, with mineralization observed in two. The drillholes are being prepared for assaying, with results expected by late June or early July 2022. The company plans to proceed to the Condori zone for further exploration, aiming to enhance its copper resources.
Camino Corp. (TSXV:COR)(OTC PINK:CAMZF) has begun core drilling at the newly permitted Lourdes-Condori zones of its Los Chapitos copper project in Peru. These drill targets are located in previously undrilled areas and aim to identify bulk-scale copper mineralization that may support resource studies. Chief Geologist Jose Bassan noted the discovery of copper oxides along a road cut leading to the Lourdes zone, suggesting similar characteristics to the Adriana zone. CEO Jay Chmelauskas emphasized the potential positive impact on the copper market and Camino shareholders.
Camino Corp (OTC PINK:CAMZF) has announced a drilling agreement with AK Drilling International S.A. for a 1,500-metre exploration program at its Los Chapitos copper project in Peru. The drilling aims to explore high-grade copper targets in a newly permitted area, with mobilization scheduled for May 15, 2022. The new drill targets are located near oxidized copper outcrops, potentially extending previous mineralization reported along a significant fault trend. This initiative aligns with Camino's strategy to enhance its copper exploration capabilities.
Camino Corp. (OTC PINK:CAMZF) announced plans to begin road building and pad preparation for drill targets at its Los Chapitos copper project in Peru. The company has received necessary authorizations from the General Directorate of Mining to initiate activities, with drilling expected to start in May 2022. Key highlights include channel sample grades at Lourdes of up to 4.16% Cu and 26.9 ppm Ag, and at Condori, grades of 3.94% Cu and 24 ppm Ag. Los Chapitos spans 220 sq. km and shows significant potential for further discoveries.