Camino Intercepts 1.34% Cu over 25m from Surface and 0.79% Cu over 12.7m in New Areas of Copper Mineralization at Los Chapitos, Peru
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Camino Intercepts 1.34% Cu over 25m from Surface and 0.79% Cu
over 12.7m in New Areas of Copper Mineralization at Los
Chapitos, Peru
Vancouver, April 11, 2024 – Camino Minerals Corporation (TSXV: COR) (OTC PINK: CAMZF) (WKN:
A116E1) (“Camino” or the “ Company”) is pleased to announce exploration results from step-out
drilling at its Los Chapitos copper property (“Los Chapitos” or the “Project”) near the coastal city of
Chala in the department of Arequipa in Peru. New exploration targets at Diana, Lourdes, Koji Norte,
and Koji Sur; were tested for the first time where the Company is targeting large-scale disseminated
manto-type copper mineralization to support resource delineation studies at Los Chapitos and to
identify new open-pit copper oxide deposits that could potentially be aggregated into a mine plan.
The recently completed drill campaign aimed to expand beyond the previously identified Ad riana
zone, the main zone of mineralization at Los Chapitos with over 20,000 meters of drilling that is
summarized in the Company’s corporate presentation. Camino and its partner Nittetsu Mining Co.,
Ltd. (“Nittetsu”) plan to commence the next phase of drilling in the second half of 2024.
Highlights of the First Phase of Drilling:
Diana Mineralized Zone:
• 25m @ 1.34 % Cu, 13.1 g/t Ag from surface in DCH-112
Lourdes Mineralized Zone:
• 12.7m @ 0.79% Cu from 20.2m depth, including 4.5m @ 1.37% Cu, 6.24 g/t Ag in DCH-100
• The intercept in DCH-100 potentially extends copper oxide mineralization 120 meters along
strike connecting to intercepts in the 2022 drill program at Lourdes of:
o 55.5m @ 0.93% Cu from surface, including 7.5m @ 2.58% Cu in DCH-97 and
o 5.1m @ 1.32% Cu from 29m depth in DCH-92
Jay Chmelauskas, CEO of Camino said “we are committed to expanding the boundaries of
exploration at Los Chapitos to unlock the potential of our significant land package. The recent
success of our step -out drilling campaign has revealed high -grade copper mineralization across
significant intervals, underscoring the potential of the copper mineralizing system at Los Chapitos.
The discovery of the Diana zone and the extension of the Lourdes zone reaffirm our strategic focus
of identifying new deposits that co uld significantly contribute to our resource delineation studies
and ultimately form our mine planning strategies.”
The objective of the step-out drilling campaign that was completed in March 2024 at Los Chapitos
was to explore for new zones of oxide copper mineralization. Drillholes targeted new areas more
than 2 km from the known copper mineralization in the Adriana copper zone (Figure 6). The program
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was designed to test for buried copper stratabound mantos located near the copper-controlling
structures like the Diva Fault Trend. In this first drilling phase, a total of 15 drillholes were completed
to depths of ~150 metres (to a maximum of depth 256 metres) for a total of 2,225.7 metres drilled.
Drilling results are summarized in Table 1.
The program was successful at identifying or extending two new high -grade copper areas at the
Diana and Lourdes zones (Figure 1). At other tested targets, such as Olguita, Melissa Norte, or Koji
Sur, low-grade strata bound copper intercepts were encountered, or leaching zones were identified
where copper zones had been previously leached, leaving trace remnants of copper. In addition to
the planned follow-up drilling program in the Fall of 2024, Camino and Nittetsu plan to continue to
expand exploration at Los Chapitos to the major mineralized trend at Atajo and surface mapping
along the La Estancia trend.
Figure 1. Oxide copper “manto” is hosted in a favorable vesicular andesitic flow, copper wad (black
patches), chrysocolla, and malachite mineralization up to 1.37% Cu over 4.5 meters and 0.79% Cu over
12.7 m in DCH-100.
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Diana Zone Drillhole Intercepts
Drillhole DCH-112 was collared approximately 15 metres west of a trench that graded 56m of 1.05%
Cu, therefore, it is possible that up to 10 metres of additional copper mineralization was missed in
the wall of the drilling platform.
DCH-112 intercepted (Figure 4):
• 25.0m @ 1.34 % Cu, 13.10 g/t Ag from surface; and
• 5.9m @ 0.17 % Cu, 5.35 g/t Ag at 34.2 meters.
Three drillholes at Diana tested targets based on geological mapping work and geochemical
sampling of rocks and soils that showed both soil and trench copper and silver anomalies . It is
interpreted that stratabound copper extends to drillhole DCH-098, located 100 m etres from DCH-
112, where stratabound intercepts of 5.5m @ 0.17 % Cu , 4.62 g/t Ag at 105.8 meters depth , and
7.3 m of 0.16% Cu in sulphide at 155.5 m. The high-grade intercept in DCH-112 of 1.34% Cu over 25
metres outcrops at surface, is open to the north and south, and at depth, to explore for a copper
feeder zone. Diana is located over 2km north of the copper mineralized Adriana zone, and 1.5
kilometers northeast of the Lourdes copper intercepts.
Figure 2. Cross section of high-grade copper intercept at the Diana zone.
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Lourdes Drillhole Intercepts and Zone Extension
During the 2022 exploration campaign (see news release dated September 7, 2022), Camino
achieved its exploration objective of discovering a new copper satellite at the Lourdes target. The
results of this exploration campaign can be summarized as:
• 55.5m @ 0.93% Cu from surface, including 7.5m @ 2.58% Cu in DCH-97
• 65.2m @ 0.70% Cu from surface, including 31m @ 1.23% Cu in DCH-80
• 19.5m @ 1.34% Cu from 55m depth, including 7.4m @ 2.32% Cu in DCH-89
• 5.1m @ 1.32% Cu from 29m depth in DCH-92
• 22.6m @ 0.64% Cu from 73m depth in DCH-96
The second phase of exploration at the Lourdes target was carried out with five diamond drillholes,
in which copper and silver stratiform bodies were intercepted and evaluated by Camino. The
program successfully extended the corridor of mineralization by over 120 metres along a new north-
south corridor from the Lourdes drill intercepts in 2022, to the new Lourdes intercepts in March
2024 (Figure 3).
DCH-100 intercepted:
• 12.7m @ 0.79 % Cu, 3.45 g/t Ag in copper oxides at depth 20.2 meters
• Surface evidence and geological mapping indicate that this oxide copper mineralization may
continue to extend towards the north and the south of current drilling (Figure 4) .
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Figure 3. Southern extent of the Lourdes “manto” type copper oxide mineralization.
(A) position of DCH-100 next to mapped outcrops of copper mineralization (red polygons), inferred
boundary of copper mineralization (red dashed). (B) Oxide copper “manto” outcrop is hosted in a favorable
vesicular andesitic flow.
The next phase of exploration and drilling plans to focus on structural controls and proximity to
intrusive bodies that act as conduits for hydrothermal fluids to create mineralized copper mantos.
In addition, primary permeable and secondary permeable (fractures) lithological controls add to the
supergene oxidation processes and generate zoning, along with the historical water table that
existed in the area.
The DCH drillholes 101, 102, 103, 81, and 97 at Lourdes demonstrate leaching zones, the enrichment
of copper oxides and mineralized mantos for further follow up and vectoring, including Melissa
Norte that projects to the northwest of the area based on soil studies carried out during geological
mapping campaigns in October 2023.
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Figure 4. Cross section at Lourdes zone of copper oxide manto intercept in drillhole DCH-100.
HOLE ID EASTING (m) NORTHING (m) AZIMUTH DIP LENGTH (m) FROM TO WIDTH GRADE (% Cu) GRADE (ppm Ag) AREA
DCH-098 573188 8269089 172 -58 197.5 105.9 111.4 5.5 0.17 4.62 DIANA (Hypogenic)
155.5 162.9 7.3 0.16 0.92 DIANA (Hypogenic)
DCH-099 573016 8268988 194 -84 135.2 DIANA
DCH-100 572637 8267354 244 -49 100.0 20.2 32.9 12.7 0.79 3.45 LOURDES (CuOx)
incl 20.2 24.7 4.5 1.37 6.24
DCH-101 572564 8267440 244 -66 148.6 LOURDES
DCH-102 572533 8267365 64 -69 256.1 124.3 127.3 3.0 0.12 0.23 LOURDES (fault zone)
DCH-103 572774 8267500 244 -65 135.8 MELISSA NORTE
DCH-104 572649 8267649 236 -60 208.3 0.0 35.4 35.4 0.10 1.00 MELISSA NORTE (Copper wad)
incl 4.0 20.0 16.0 0.14 1.35
112.3 115.8 3.5 0.18 0.40 MELISSA NORTE (fault zone)
130.5 138.6 8.1 0.15 0.80
DCH-105 573744 8266763 237 -77 163.2 47.9 54.0 6.1 0.13 re-analysis MELISSA NORTE (leach zone)
DCH-106 573531 8266834 236 -55 150.4 KOJI NORTE-PLT-KN-01
DCH-107 573863 8266189 220 -57 100.0 OLGUITA (leach zone)
DCH-108 574283 8266249 221 -54 101.2 OLGUITA (leach zone)
DCH-109 574508 8266243 221 -51 150.2 67.85 69.7 1.85 0.12 0.36 KOJI SUR-KS-L3-P02
DCH-110 574537 8266146 221 -53 112.1 KOJI SUR-KS-L2-P01
DCH-111 574698 8266159 221 -55 146.6 71.8 78.8 7.0 0.18 3.21 KOJI SUR (CuOx)
90.3 100.8 10.5 0.20 0.89 KOJI SUR (CuOx)
DCH-112 573218 8268951 172 -61 120.5 0.0 25.0 25.0 1.34 13.10 DIANA (CuOx)
34.2 40.1 5.9 0.17 5.35 DIANA (CuOx)
Traces Copper no more than 643 ppm and Ag 1.6 ppm
Traces Copper no more than 916 ppm and Ag 1.82 ppm
Traces Copper no more than 528 ppm and Ag 29.7 ppm
Traces Copper no more than 762 ppm and Ag 1.76 ppm
Traces Copper no more than 593 ppm and Ag 0.74 ppm
Traces Copper no more than 218 ppm and Ag 0.18 ppm
Traces Copper no more than 739 ppm and Ag 1.26 ppm
Table 1. Table of all drill hole assay results.
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Figure 5. Location map at Los Chapitos with the yellow box indicating area of recent drilling to March
2024.
Figure 6. Location map of new step-out drillholes completed to March 2024.
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Sampling and Assay Procedures
During this campaign, 15 drillholes were completed. Core has been logged and sampled at the Company’s
facilities in the town of Chala, 15km from the Project. Industry standard chain of custody and QA/QC
practices are followed with samples sent to Lima where they are analyzed by ICP-MS at ALS Chemex Labs’
facility. The Camino geological team complied with the written internal QA/QC procedures, where the
insertion of blank samples, certified international standards (pulps) and duplicates met the objectives
and acceptable results. Although the results of the QA/QC controls are acceptable, the traceability
analysis processes continue mainly for Silver value s in hole DCH -105, not only in the sampling process
but also in the geochemical analysis laboratory.
About Camino
Camino is a discovery and development stage copper exploration company. Camino 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, Camino has increased its
land position at its copper and silver Plata Dorada project. Camino seeks to acquire a portfolio of
advanced copper assets that have the pot ential 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, FAusIMM (CP) 227922, MSc. Geologist, an independent geologist and 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.
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 at Los Chapitos and the receipt of nece ssary authorizations and approvals . Although the
Company considers these assumptions to be reasonable based on information currently available to