Camino Granted Drilling Permit in Central Area of the Maria Cecilia Copper Gold Porphyry Complex in Peru
Camino Granted Drilling Permit in Central Area of the Maria Cecilia
Copper Gold Porphyry Complex in Peru
Vancouver, September 12, 2022 – Camino Corp. (TSXV: COR) (OTC: CAMZF) (WKN: A116E1) (“Camino” or
the “ Company”) is pleased to announce that it has received the Declaration of Environmental Impact
permit (“DIA Maria Cecilia”) that authorizes drilling of up to 23,000 metres on 20 platforms in the central
porphyry of its Maria Cecilia copper project in Peru (“Maria Cecilia”). Approximately US $28 million has
been invested at Maria Cecilia since 2012, including 32,120 metres of drilling between 2013 and 2015 ,
resulting in the release of a maiden copper and gold resource in 2021 (see Maria Cecilia National
Instrument 43-101 here). The Maria Cecilia intrusion and skarn exhibits the largest magnetic anomaly in
the copper complex and is the central intrusion with the potential to host significant copper (Cu) and gold
(Au) grades (see Figure 1 and 2 and fly-over video here).
Highlights:
• Up to 6.7% Cu is Skarn Zone and up to 0.9% Cu in central Porphyry Zone at Maria Cecilia
• 67 m @ 0.72% Cu, 0.16 g/t Au - historical intercept in northern epithermal (Toropunto)
• 290 m @ 0.21% Cu and 0.24 g/t Au - historical intercept in southern porphyry (Emmanuel)
Figure 1. Maria Cecilia Porphyry Complex and NI 43-101 Resources
“The Maria Cecilia porphyry complex is a new copper deposit with a maiden NI 43-101 copper resource
that was in private hands until our acquisition in 2021”, said Jay Chmelauskas, CEO of Camino. “We plan
to drill the central portion of the complex for the first time to test for higher grades of copper and gold
and to potentially extend the strike of copper mineralization over 4.5 km.”
Suite 1780 – 555 Hastings Street 604-493-2058
Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
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The DIA Maria Cecilia was received from the General Directorate of Mining Environmental Affairs
(DGAAM) of the Ministry of Energy and Mines (MEM) . Camino has applied for its Start of Operations
permit (which it expects to receive in the Fall of 2022 ); this is the final authorization to commence road
construction, drilling pad preparation and core drilling.
As part of the Com pany’s continuous consultation process, i n August 2022 t he Company attended an
assembly with the local community of Santa Rosa de Quikakayan to confirm the effective area of the DIA
Maria Cecilia and to inform the community of the work to be carried out in the area.
Photo 1. Camino representatives speak at the assembly with the community at Maria Cecilia in August 2022
Suite 1780 – 555 Hastings Street 604-493-2058
Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
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Figure 2. Maria Cecilia Porphyry Complex – Skarn, Stockworks, Porphyry, Breccia Zones, Magnetic Anomaly
Maria Cecilia Copper Complex
In July 2021, Camino completed the acquisition of Minera Maria Cecilia Ltd. with Denham Capital affiliate,
Stellar Investment Holdings LLC, which resulted in Camino owning and controlling the mineral rights and
titles comprising the Maria Cecilia Porphyry and Skarn Complex located in Ancash, Peru (see news release
dated July 14, 2021).
The Maria Cecilia property consists of 15 mineral concessions (approximately 7,110 ha) in the northern
Peruvian region of Ancash (see Figure 3). Toropunto, Emmanuel, and Maria Cecilia are three contiguous
epithermal and porphyry systems that form the Maria Cecilia project and were subject to a series of
exploratory works since 2009, with geological mapping, geochemical sampling, surface geophysics, and
diamond drilling. The Maria Cecilia exploration prospect has been identified as the main target for further
exploration work, as Camino believes that it lies at the centre of a large porphyry complex.
Suite 1780 – 555 Hastings Street 604-493-2058
Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
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Figure 3. Claim Map of Maria Cecilia and proximity to Caraz and the Peruvian coastline
About Camino Corporation
Camino is a discovery and development stage copper exploration company. The Company i s focused on
advancing its high-grade Los Chapitos copper project located in Peru through to resource delineation and
to add new discoveries. Camino is also permitting the Maria Cecilia copper porphyry project towards 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 NI 43 -101, has
reviewed and approved the technic al 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
Suite 1780 – 555 Hastings Street 604-493-2058
Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
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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 Maria Cecilia and the ability to obtain
any necessary permits and approvals for Maria Cecilia. 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.