Camino Commences Discovery Drilling at the Los Chapitos Copper Project, Peru
Camino Commences Discovery Drilling at the Los Chapitos Copper Project,
Peru
VANCOUVER, BC / ACCESSWIRE / September 7, 2021 / Camino Corp. (TSXV:COR)
(OTC PINK:CAMZF) (WKN:A116E1) ("Camino" or the "Company") is pleased to announce
that core drilling has commenced at the high-grade copper and gold Lidia Zone at its Los
Chapitos copper project near the coastal town of Chala in Arequipa Department, Peru ("Los
Chapitos"). On August 27, 2021, Camino received the necessary Start of Operations certificate
from the Ministry of Energy and Mines in addition to the drilling permit that was received at the
beginning of August. Camino is initially focusing its drilling towards new discoveries and is
targeting mineralization extensions at the Lidia Zone, 4 km north from previous drill intercepts
along a major controlling fault structure. The Lidia Zone is a vein system with rock chip samples
of artisanal workings channel samples returning grades up to 9.3 g/t gold (Au) and up to 5.1%
copper (Cu) (see news release dated August 10, 2021).
"We commenced our 2021 drilling campaign at Los Chapitos with a traditional Pachamama
mother earth ceremony. We recognize that the copper that we use for our technologically
intensive lifestyles comes from concentrated copper endowments in the earth's crust. Peru has a
particularly large endowment of copper mineralization as the second largest copper producer in
the world," said Jay Chmelauskas, CEO of Camino. "We are testing the geological endowment at
Los Chapitos by drilling at new locations that demonstrate the potential for large new
discoveries."
"Drilling has advanced to a depth of 76 metres and nearing the target mineralization zone," said
Chief Geologist, Jose Bassan. "We are starting to see trace chalcopyrite in a rock assemblage of
volcanic Andesitic Tuff with moderate alteration and the presence of epidote, chlorite, hematite,
magnetite and carbonates, plus evidence of magnetite replacement by specularite. We are within
the same metallogenic system previously drilled along the Diva Trend fault system that had
significant copper intercepts at Adriana (see news release dated August 10, 2021)."
Photo 01: Alteration assemblage Chlorite + Epidote + Hematite + Feldspar-K + Magnetite
(DCH0688-75 depth 71.00 m)
(weak +, moderate ++, strong +++ alteration)
Photo 02: Andesite porphyritic, pervasive alteration Chlorite +++ Epidote ++ Magnetite
+ Chalcopyrite (trace) DCH0688-75 depth 71.50 m
Photo 03: Lidia Zone Copper & Gold Drill Targets at Los Chapitos
Options
The Company has recently granted incentive stock options to various directors, officers,
employees, and consultants to purchase up to 5,500,000 common shares of the Company on or
before September 1, 2026, at an exercise price of $0.18 per share in accordance with its stock
option plan.
About Camino Minerals Corporation
Camino is a discovery and development stage copper exploration company. The Company is
focused on advancing its high-grade Los Chapitos copper project located in Peru towards
potential resource delineation and new discoveries. In addition, the company has commenced
field studies at its copper and silver Plata Dorada project. Camino has also recently acquired the
Maria Cecilia copper porphyry project. The Company 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 Bassan MAusIMM (CP) 227922, MSc. Geologist, a Qualified Person as defined by NI 43-
101, 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.
ON BEHALF OF THE BOARD For further information, please contact:
/S/ "Jay Chmelauskas" Camino Investor Relations
President and CEO [email protected]
Tel: (604) 608-4513
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 on the Los Chapitos projects the ability to complete the necessary permit
requirements for drilling, or that actual results of exploration and engineering activities are
consistent with management's expectations. 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 will be different than those expected by
management, that the Company will be unable to obtain or will experience delays in obtaining
any required 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.
SOURCE: Camino Minerals Corp.