Camino and Rio Tinto Both Acquire New Claims at Auction near the Los Chapitos Copper Project in Peru
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Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
Camino and Rio Tinto Both Acquire New Claims at Auction near
the Los Chapitos Copper Project in Peru
Vancouver, May 17, 2024 – Camino Corp. (TSXV: COR) (OTC: CAMZF) (WKN: A116E1) (“Camino” or
the “Company”) is pleased to announce that it has increased its claims at its Los Chapitos copper
property (“Los Chapitos” or the “Project”) by an additional 1,700 hectares. In a land auction, Camino
successfully competed against other bidders that included Rio Tinto, to gain titles to new exploration
claims immediately adjacent to the Company’s Los Chapitos copper claims. The claims increase
brings the Los Chapitos areas to a total of 22,571 hectares. This is the second increase in claims by
Camino in the last year (see news release dated November 8, 2023). Rio Tinto also had the winning
bid for part of the auction and increased their claim position next to Camino.
The first new claim block 59 (Figure 1), is located to the northwest, connecting Camino’s claims and
Rio Tinto’s claims, and follows the extension of a major fault structure called La Estancia (see news
release dated October 24, 2023). The La Estancia fault has been mapped on Camino’s existing Los
Chapitos claim to extend over 12 kilometers in a northwest direction.
The second new claim block 54 (Figure 1) extends Camino’s claims immediately to the north,
adjacent to the existing Los Chapitos claims near the Diana pro spect. The claim block is located
between two major regional faults, the Rumi Puka fault that extends over 10 kilometers over Los
Chapitos claims in the North-South direction, and the Pochco fault that extends over 8.5 kilometers
in the East-West direction.
Suite 1780 – 555 Hastings Street 604-493-2058
Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
Figure 1. Locations of Copper Projects and Claims in the Los Chapitos District
About Camino Corporation
Camino is a discovery and development stage copper exploration company. Camino is focused on
advancing its high -grade Los Chapitos copper project located in Peru through to resource
delineation and to add new discoveries. Camino has also permitted the Maria Cecilia copper
porphyry project for a planned exploration drilling program. In addition, Camino has increased its
land position at its copper and silver Plata Dorada project. Camino seeks to acquire a portfolio of
advanced copper assets that have the potential to deliver copper into an electrifying copper
intensive global economy. For more information, please refer to Camino’s website at
www.caminocorp.com.
Jose A. Bassan, FAusIMM (CP) 227922, MSc. Geologist, an independent geologist and a qualified
person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has
reviewed and approved the technical contents of this document. Mr. Bassan has reviewed and
verified relevant data supporting the technical disclosure, including sampling and analytical test
data.
Suite 1780 – 555 Hastings Street 604-493-2058
Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
ON BEHALF OF THE BOARD For further information, please contact:
/S/ “Jay Chmelauskas” Camino Investor Relations
President and CEO [email protected]
Tel: (604) 493-2058
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
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 Los Chapitos and the receipt of nece ssary 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 fa ctors 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 will be different than those
expected by management, that the Company will 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.