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. (OTC PINK:CAMZF) has received new drilling permits for its Los Chapitos copper project in Peru, allowing for 33 drill holes across 11 platforms. The Declaration of Environmental Impact permits target copper oxide zones at Lourdes and Condori, with significant channel sample grades up to 4.16% Cu and 26.9 ppm Ag at Lourdes. Field work has commenced, including mapping and core logging, with a focus on developing a 3D model for future resource estimates. The company anticipates additional permits for the Maria Cecilia project soon, potentially enhancing its copper exploration endeavors.
Camino Corp. (OTC PINK:CAMZF) announced promising results from its exploration drilling at the Los Chapitos copper project, with 5 drillholes revealing copper mineralization over a 6.5 km strike, reaching grades of up to 1.05% Cu. The project has shown consistent cobalt mineralization and trace amounts of gold and silver. Future drilling is planned for the Lourdes outcrop, anticipated to begin early next year upon receiving new permits. The company aims to capitalize on the favorable geological conditions similar to the nearby Mina Justa copper mine.
Camino Corp. (TSXV:COR, OTC PINK:CAMZF) announced plans for a new drilling campaign at the Maria Cecilia copper porphyry project in Peru. Following the acquisition from Denham Capital in July 2021, the company aims to initiate exploration activities including road construction and sampling. An environmental permit is under review, expected to be finalized in December 2021, allowing drilling to commence in early 2022. The project holds significant inferred resources, including over 120 million tonnes of copper, gold, silver, and molybdenum.
Camino Corp. (TSXV:COR, OTC PINK:CAMZF) announced its completion of the Environmental and Social Governance (ESG) disclosure submission with Digbee Ltd., a UK-based ESG platform endorsed by major financial firms like Blackrock and BMO. This strategic move aligns with Camino's ambition to lead in ESG practices, particularly in the copper sector which is crucial for sustainable energy. The collaboration with Digbee provides a framework for evaluating and improving ESG metrics, aiming to enhance access to capital markets and corporate transparency.
Camino Corp. has initiated core drilling at its high-grade Lidia Zone within the Los Chapitos copper project in Peru, following the receipt of necessary permits. The drilling aims to uncover new mineralization discoveries and extend known resources, targeting an area with previous significant gold and copper intercepts. The drilling depth has reached 76 meters, with early signs of mineralization observed. Additionally, the company has granted options for stock purchases amounting to 5,500,000 shares at $0.18 each, set to expire in 2026.
Camino Corp. (OTC PINK:CAMZF) has announced its engagement with AK Drilling International to initiate core drilling at the Los Chapitos copper project in Peru. The company received drilling permits earlier this month and plans to start operations by the end of August. The recently completed ground magnetometry survey is being analyzed to enhance the drilling program targeting the Lidia Zone. Drilling aims to investigate copper and gold mineralization with notable historical intercepts. Camino is focused on ongoing exploration efforts throughout 2021, including its Maria Cecilia porphyry project.
Camino Corp. (OTC PINK:CAMZF) has reported significant community developments at its Los Chapitos copper project in Peru, where local communities are beginning to receive COVID-19 vaccinations. The company has provided testing kits and financial support during the pandemic, contributing to community health and safety. Recently, Camino raised $8M to further develop its operations and advance exploration projects. The company is gearing up for a drilling campaign at Los Chapitos in August 2021 and is actively pursuing opportunities to enhance its investments in Peru.
Camino Minerals Corporation (OTC PINK:CAMZF) has successfully acquired Minera Maria Cecilia Ltd., enhancing its copper exploration portfolio in Ancash, Peru. The acquisition involved issuing 23,193,098 common shares to Stellar Investment Holdings LLC for about $4.64 million. This strategic move positions Camino for growth with plans to drill at the Maria Cecilia Porphyry Complex and continue work at its flagship Los Chapitos project. Additionally, a recent $7.5 million financing strengthens Camino's financial position for upcoming exploration activities.
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Camino Corp. (OTC PINK:CAMZF) has engaged several consulting firms including GOLDINVEST and Mezzo Consulting to enhance investor awareness and communication for its copper assets in Peru. The agreements, each lasting twelve months, involve quarterly and bi-annual payments totaling CAD $45,000 and USD $14,200 for marketing services. President Jay Chmelauskas emphasized the importance of copper for global electrification and outlined plans to educate investors on exploration and ESG initiatives amidst an anticipated demand surge. The company aims to attract a broader investor base while advancing its projects.