Camino Confirms Highly Soluble Oxide Copper Minerals in New Discovery at Lourdes Zone, Los Chapitos, Peru
Camino Confirms Highly Soluble Oxide Copper Minerals in New
Discovery at Lourdes Zone, Los Chapitos, Peru
Vancouver, November 23, 2022 – Camino Corp. (TSXV: COR) (OTC: CAMZF) (WKN: A116E1) (“Camino” or
the “Company”) is pleased to announce high solubility results over significant copper oxide intercepts in
the new Lourdes Zone at its Los Chapitos property in Peru. The near-surface copper oxide minerals in
drillholes DCH-97 and DCH-80 had acid solubilities of 83% and 79%, and total solubilities of 92% and 87%,
respectively. The solubility results confirm continuity of oxide mineralization to a depth of at least 100
metres in the new zone. Lourdes is one of several new zones identified to target additional drilling
campaigns to expand known copper mineralization at Los Chapitos for an envisioned copper oxide heap-
leach mine.
Results from the July 2022 drilling campaign can be viewed in Camino’s news release dated September 7,
2022.
Highlights:
• 83% acid solubility and 92% total solubility in drill hole DCH-97 that intercepted:
- 55.5m @ 0.93% Cu from surface, including 7.5m @ 2.58% Cu;
• 79% acid solubility and 87% total solubility in drill hole DCH-80 that intercepted:
- 65.2m @ 0.70% Cu from surface, including 31m @ 1.23% Cu;
• Hole DCH-83 in the Condori zone shows well-marked zonation of copper oxides, and mixed and
enriched supergene (with anomalous values in rhenium and gold grading up to 0.21 ppm and
0.13 ppm, respectively).
“A c opper oxide heap -leach mine is generally the easiest and most cost -effective method to start
development of a copper project”, said Jay Chmelauskas, CEO of Camino. “As we permit new areas for
drilling at Los Chapitos, we are finding more near -surface copper mineralization amenable to our
development vision. At depth, we also see potential for large sulphide mineralized bodies as a second
phase to our development strategy.”
“The solubility results confirm near -surface oxide mi neralization to a depth of a least 100 met res at
Lourdes, which compares favourably to oxide mineralization at our Adriana zone that extends to depths
of over 200 metres”, said Jose Bassan, Chief Geologist. “The results of the geochemical analysis were
consistent with mineralization described in drilling logs by Camino geologists (Figure 1). Our geological
team will use this experience to continue exploring our Los Chapitos property for surface evidence along
large structural faults that crosscut the property.”
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Figure 1. Various types of copper oxides logged in the drill core at the Lourdes Zone
A) DCH-89_71.70 m. Volcaniclastics (VAR), presence of green and black copper oxides (0.36% Cu, oxide
zone).
B) DCH-96_45.60 m. Crystal Andesitic Tuff (CAT) with chrysocolla patina and black tenorite dots in
fractures (1.1% Cu, oxide zone).
C) DCH-92_33.6 Crystal Andesitic Tuff (CAT) with presence of malachite and chrysocolla (1.52% Cu, oxide
zone).
D) DCH-83_90.80 m. Hydrothermal breccia (BXH) green copper oxides/pitch limonite in breccia matrix
(0.64% Cu, Mixed Zone).
E) DCH-97 35m. Crystal Andesitic Tuff (CAT), mineralization corresp onds to chrysocolla and tenorite in
fractures and veinlets (0.8% Cu, Oxide Zone)
F) DCH-80_36.20m. Crystal Andesitic Tuff, mineralization is chrysocolla and black oxides in fractures and
veinlets (1.61% Cu, Oxide Zone).
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*for detailed information on azimuth and depth, please see Camino’s news release dated September 7, 2022
Table 1. Solubility Results including CuS, CuCn, and CuT for the 2022 Drilling Campaign
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Figure 2. Lourdes cross-section showing the oxide zone
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Figure 3. Condori cross-section showing the mineral zones at hole DCH-83
Metallurgical Heap-Leach Testing
The copper oxide mineralization with acid solubilities CuS (Sulfuric Leach)/CuT ratios up to 99% in the
Lourdes zone shows good continuity to depths of at least 100 metres. In the new Condori zone, hole DCH-
83 shows well marked zonation of copper oxides, with mixed and enriched supergene. Solubility results
from the main Adriana Zone are summarized in the technical report titled “NI 43-101 Technical Report on
the Los Chapitos Property, Arequipa Province, Peru” dated March 19, 2018 and available under the
Company’s SEDAR profile at www.sedar.com. High solubility results reported in our new discovery at the
Lourdes Zone are similar to the results at Adriana.
Metallurgical analyses developed a t SGS Minerals S.A. Santiago for the Adriana drill holes in oxide
composites to depths of approximately 300m, showed up to 74% average copper recoveries for composite
head grade of 0.80% Cu from 3 Column tests, 73% to 76% copper recoveries from Bottle Roll tests with
preliminary acid consumption rates for bottle/column of 3.3/9.05 kg acid/kg Cu. A summary of previous
metallurgical column testing results for Los Chapitos can be found in Camino’s news release dated May
14, 2020.
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Sequential Copper procedures
The Company analyzed 293 samples (429 metres) with 1.5 metre average intervals, for sequential copper
from the 2022 Lourdes -Condori discoveries. 237 samples (345 metres) have geochemical analysis for
copper >=0.1% Cu (48 element four acid ICP -MS). 72% of the samples had CuS/CuT ratio >= 55%. In the
Lourdes Zone, continuity of oxidized mineralization extends to at least 100 metres from surface. The
Condori Zone, located 1.5 km north of Lourdes, has mainly mixed mineralization in 56% of the intervals
analyzed by sequential copper. Drill hole DCH-83, showed mixed mineralization composed of:
• pyrite, chalcopyrite, and chalcocite at depths of 6 to 89 metres;
• a zone of copper oxides at depths of 89 to 97 metres associated with crackle breccia grading up
to 1.6% CuT;
• and at depths of 97 to 127 metres, a supergene enriched zone with values up to 0.77% CuT and
anomalous values in renium grading up to 0.21 ppm, gold 0.13 ppm, Molybdenum 633 ppm and
Cobalt 108 ppm.
Sequential copper analysis on the pulps samples from the drill core using the flying disc mill or the ring
and disc mill (PUL-31- Pulverized split -250 g (85%<75 microns ) was performed at ALS Perú S.A.. The
geochemical analysis of the pulps consisted of Sulfuric Leach (Cu -AA06s) and Cyanide Leach (Cu -AA16s)
with the Lab Instrument "AAS" (Atomic Absorption Spectroscopy) in acceptable ranges from 0.01 to 100%
without residual value analysis. Copper oxide minerals such as malachite, azurite, chrysocolla and portions
of cuprite and tenorite can be leached using sulphuric acid (referred to as ‘acid soluble’ copper). Cyanide
leach will dissolve the secondary chalcocite, covellite, bornite and a portion of the chalcopyrite content
of the sample.
About Camino 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 through to resource delineation and
to add new discoveries. Camino has also permitt ed the Maria Cecilia copper porphyry project for a
planned exploration drilling program. In addition, the Company has increased its land position at its
copper and silver Plata Dorada 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 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.
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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 info rmation currently available to the Company. Forward-looking information
in the release includes the prospectivity of future exploration work at Los Chapitos , metallurgical
recoveries, and amenability for heap-leach mining. 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 fac tors
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.