Camino Granted Drill Permits to Target High-Grade, Near Surface Copper Mineralization at Los Chapitos, Peru
Camino Granted Drill Permits to Target High-Grade, Near Surface
Copper Mineralization at Los Chapitos, Peru
Vancouver, February 7, 2022 – Camino Corp. (TSXV: COR) (OTC: CAMZF) (WKN: A116E1) (“Camino” or the
“Company”) is pleased to announce that it has received additional drilling permits at its Los Chapitos
copper project near the coastal town of Chala, Peru (“Los Chapitos”). The approval was received from the
General Directorate of Mining Environmental Affairs (DGAAM) of the Ministry of Energy and Mines (MEM)
for the Declaration of Environmental Impact (DIA Lourdes) environmental instrument. The instrument
allows for 33 drill holes distributed on 11 platforms, 9.6 km of access roads and two water storage ponds.
Highlights
• Permits received for additional drilling at the Lourdes and Condori copper oxide zones.
• Lourdes manto grades up to 4.16% Cu and 26.9ppm Ag in channel samples.
• Condori breccia grades up to 3.94% Cu and 24ppm Ag in artisanal mining samples.
• Los Chapitos is a 220 sq. km project with multiple-permitted areas along the 8 km mineralized
Diva Trend, other trends include Atajo and Lagunillas providing district-scale copper exploration
potential.
• Field work consisting of additional mapping, topographic survey, and core logging has
commenced in January 2022.
• Analysis of mineralization at the Adriana copper zone has advanced, combining the 3D lithological,
alteration, and mineral zone models, to form the basis of a future resource estimate.
“The new permit at Los Chapitos opens up drilling targets at two new copper oxidized zones: the breccia
zone at Condori and a copper manto zone at Lourdes. The manto mineralization has similar characteristics
to the discovery drill hole that was made at the Adriana outcrop in 2017 (see news release dated April 18,
2017)”, said Jay Chmelauskas, CEO of Camino. “We expect a similar drilling permit DIA approval at our
new Maria Cecilia copper porphyry project in the coming weeks. This will provide the ability for Camino
to prioritize drilling at the beginning of 2022 at two world-class copper exploration projects. We are
preparing our Maria Cecilia porphyry project as our next drilling campaign at Camino. We have also been
very active with our business development efforts towards our goal of creating a diversified copper
producer and platform at Camino.”
Camino’s chief geologist Jose Bassan commented, "The mineralization at Chapitos is structurally
controlled and we are finding more controlling structures with copper mineralization along the main Diva
fault. The new permitted oxidized copper zones at Lourdes and Condori have the potential for bulk
tonnage manto-style intercepts similar to previous drilling at Adriana."
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Photo 1. Oxidized copper, abundant chrysocolla, malachite in breccia, Chocolate Formation in outcrop found in the
Condori zone. The outcrop can be seen from Google Earth, Lat: -15.659223° / Long: -74.328591°.
Lourdes-Condori Oxide Targets
Geological mapping completed to date at Lourdes-Condori shows a lithological predominance of the
volcaniclastic complex of the Chocolate Formation of andesitic tuffs, sedimentary, reddish -brown
breccias, which are also dominant in the Adriana zone. Seventy percent of the outcropping rocks
correspond to Chocolate Formation volcanics and the rest mainly to microdiorite intrusives. The
brecciated outcrops of the Chocolate Formation in the Lourdes-Condori zone follow the NW-SE Diva
Trend, outcropping discontinuously in areas ranging from 2 m2 to 1,000 m2. These outcrops show green
copper oxides filling the breccia matrix as well as joints and faults visible at surface. The copper oxidized
breccia matrix is common in Adriana at depth as seen in the photo 2. The structures are oriented NW and
NE dipping mainly to the west from 55° to subvertical. The Lourdes-Condori zone extends over 1.5 km and
begins to outcrop at Lourdes 1.4 km NW from the northern sector of the previously drilled Adriana copper
zone.
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Photo 2. Petrographic cut sample from hole DCH-001 at depth from 282.95 m to 283.05, grade up to 1.06% Total
copper and 1.02% Soluble copper in the core interval 282 m to 283.5 m.
Figure 1. Lourdes and Condori 2022 drilling targets along an 8.0 km Diva Trend with green copper oxide
mineralization, between Lidia and Adriana zones.
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The Lourdes target is a continuous visible copper manto style mineralization over 120 m with azimuth N-
S, dipping 25°E, and varying in width from 5 to 20 metres. The mineralization grades up to 4.16% Cu and
26.9 ppm Ag in channel sampling intervals of 1.3 to 2 metres. The manto mineralization in Lourdes is
coincident with regional stratigraphy of the Chocolate Formation and very well defined in the Lourdes
zone.
The Condori target is structurally controlled like a feeder type breccia filled by malachite, chrysocolla with
rock sample grades up to 3.94% Cu and 24ppm Ag that was previously mined by artisanal miners. The
mineralization extends over 300 metres covered by crumbled rocks following the Diva Trend NW-SE. The
green copper oxide outcrops can be seen in Google Earth (click - Google Earth, Lat: -15.659223° / Long: -
74.328591°).
The dominant surface alterations in the Lourdes-Condori zone are the same as those observed in the
Adriana outcrops, described as potassic-silicic with sodic-calcic patches. In the Lourdes-Condori zone,
towards the lower topographic parts, traces of fine chalcopyrite were visible in the microdiorite rock.
Figure 2. DIA permit area, showing mantos-style drilling targets in Lourdes, and breccia feeder-type in Condori.
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Exploration Progress
After the completion of drilling at Lidia, Katty, and Natty in 2021, Camino rapidly advanced the relogging
of 5,698 metres consisting of 16 drillholes in the Adriana zone. In addition, detailed 1:2000 scale
geological mapping in the Lourdes-Condori zones is expected to be completed in January 2022 covering
an area of approximately 100 ha. A structural study is currently underway of mineralized copper oxide
structures to establish vectors for new drilling targets along the 8 km of the Diva Trend. Currently, there
are 95 structures identified in the Adriana area with copper oxides preferentially N -SSE trending.
Structures in the adjacent Carlotta zone are NE trending with all these structures dipping mainly to the
west from 23° to subvertical.
Mineralization Analysis
In November 2021, the Company commenced relogging of previous drill holes to build the first 3D
lithology and alteration model for the Adriana zone. The 3D model will form the basis for a future resource
estimate following the best practices and standardized guidelines. The relogging process has included
38% of the Adriana zone consisting of 5,698.2 m and 16 drillholes. The lithological and alteration model
will allow Camino to add greater certainty to the 3D mineral zones model that is based on sequential
copper analysis. Relogging of drill holes and the creation of a lithology and alteration 3D model for the
Adriana zone has enabled Camino to identify geological and structural similarities between Adriana and
the Lourdes-Condori copper zones.
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Figure 3. Permitted drilling areas within the Los Chapitos copper claims.
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
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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) 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 on the Los Chapitos projects, completion
of the necessary drilling permits at Maria Cecilia, that actual results of exploration and engineering
activities are consistent with management's expectations , and the potential results of business
development activities. 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.