Camino Granted Additional Drilling Permits at the Los Chapitos Project, Peru; Expands Permitted Area to 6,012 Hectares
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Camino Granted Additional Drilling Permits at the Los Chapitos
Project, Peru;
Expands Permitted Area to 6,012 Hectares
Vancouver, June 20, 2023 – Camino Corp. (TSXV: COR) (OTC: CAMZF) (WKN: A116E1) (“Camino” or
the “ Company”) is pleased to announce that it has received approval of the Evaluation of the
Environmental Impact Study (EIA) for the Los Chapitos Copper Project (“Los Chapitos ” or the
“Project”). The Project area has been expanded to 6 ,012.50 hectares with the approval of the
Modified Environmental Impact Study (MEIA), allowing Camino to target exploration drilling at the
Lagunillas, Diva, and part of the Atajo copper mineralized structural trends that cumulatively extend
over 20 km (Figure 1). The expanded permit allows for significant copper exploration over new
areas of known copper mineralization with exploration partner Nittetsu Mining (see news release
dated June 14, 2023).
Highlights:
• Expanded EIA now includes 3 copper mineralized fault trends: Lagunillas, Diva and Atajo
that cumulatively extend over 20km.
• New Diana prospect with surface channel samples of 1.05% oxidized copper over 56
meters permitted for inaugural drilling.
• Exploration work to commence under Nittetsu Mining partnership consisting of surface
mapping, geophysics, and road building to access new drilling targets.
“Through a comprehensive EIA expansion process, w e have opened up three copper mineralized
trends to explore with our new partner , Nittetsu, at our Los Chapitos copper discovery”, said Jay
Chmelauskas, CEO of Camino. “Our goal is to connect new discoveries of oxide mineralization to add
to our inventory at the Adriana Zone (see news release dated January 19, 2021) and Lourdes Zone
(see news release dated September 7, 2022 ). We are now permitted to diamond drill the Diana
outcrop with 1.05% Cu over 56 m at surface and explore for additional buried copper mantos that
connect to the same copper mineralized trends.”
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Figure 1. Location map of the Los Chapitos claims, and view of the extended EIA permitted area.
The extension of the EIA allows Camino to focus exploration strategies in the new structural Trends
of Lagunillas and Atajo, which form a fault system parallel to the Diva Trend that host the Adriana
and Lourdes copper discoveries . New targets, such as Diana (see news release dated February 8,
2023), Lagunillas, and Higos, have been identified in the Lagunillas Trend (Figure 2). In the Atajo
Trend, previous diamond drilling has intercepted broad zones of copper mineralization (see news
release dated December 6, 2017), and geochemical copper anomalies of greater than 1% copper at
surface (Figure 2), provide geological potential for further discoveries (Figure 3).
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Figure 2. Exploration plan for targets along the Diva Trend (possible leached zones); and the Diana target.
Figure 3.- Location of the new targets and the exploratory potential covered by the EIA extension.
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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 permitted 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 th at 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, 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 information in this document. Mr. Bassan has reviewed and verified relevant data
supporting the technical information, 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) 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 we ll 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 . Although the Company considers these assumptions to be reasonabl e 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 thos e 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.