Camino Intercepts High-Grade Copper with 83.5m at 0.94% Cu including 7.1m at 2.13% Cu at Los Chapitos, Peru
Camino Intercepts High-Grade Copper with 83.5m at 0.94% Cu including
7.1m at 2.13% Cu at Los Chapitos, Peru
Vancouver, February 17, 2026 – Camino Minerals Corporation (TSXV: COR) (OTC: CAMZF)
(“Camino” or the “ Company”) is pleased to announce the exploration results from Phase 1 of
the recent drilling campaign at its Los Chapitos copper project (“Los Chapitos” or the “Project”)
in Peru. This news release reports the results from eight drill holes completed along the Diva
trend corridor, where drilling activities focused on several targets with the objective of
expanding the known mineralized body and improving the understanding of the scale and
continuity of the mineralized system. Los Chapitos is Camino’s second copper project with
partner Nittetsu Mining Co, Ltd. ( “Nittetsu”), who is completing a 35% earn -in interest in Los
Chapitos after investing CAD $10 million and after the completion of Phase 2 of the current
drilling campaign (see news release dated June 14, 2023). Camino is also advancing its Puquios
Copper Project in Chile with Nittetsu Mining towards mine construction and development (see
news release dated April 17, 2025).
Key highlights of recent Los Chapitos drill holes:
Mirador: DCH-123:
8.7 m @ 0.45% Cu & 8.65 g/t Ag, including
• 5.7 m @ 0.62% Cu & 11.77 g/t Ag
Adriana: DCH-124:
17.6 m @ 0.85% Cu & 2.48 g/t Ag, including
• 5.4 m @ 1.64% Cu & 4.51 g/t Ag
DCH-125:
83.5 m @ 0.94% Cu & 10.40 g/t Ag, including
• 7.1 m @ 2.13% Cu & 34.36 g/t Ag
• 13.6 m @ 1.13% Cu & 15.13 g/t Ag
• 6.2 m @ 1.34% Cu & 14.10 g/t Ag
• 14.7 m @ 0.98% Cu & 6.35 g/t Ag
Lourdes: DCH-129:
63.3 m @ 0.62% Cu & 1.62 g/t Ag, including
• 3 m @ 2.12% Cu & 0.80 g/t Ag
• 8.5 m @ 1.12% Cu & 4.28 g/t Ag
• 4.3 m @ 1.09 Cu & 3.99 g/t Ag
Enjambre: DCH-126:
17.8 m @ 0.20% Cu & 2.55 g/t Ag, including
• 3 m @ 0.31% Cu & 4.70 g/t Ag
• 2.3 m @ 0.46% Cu & 4.44 g/t Ag
• 7 m @ 0.23% Cu & 1.94 g/t Ag
“The Los Chapitos project is interpreted to belong to the northwest extension of the upper
Jurassic metallogenic belt defined in Chile, which hosts porphyry copper deposits (“PCD”), iron-
oxide-apatite deposits (“IOA”), copper–silver deposits (“Cu-Ag”), iron-oxide-copper-gold
deposits (“IOCG”) and epithermal systems. This belt contains several Cu-Ag deposits, from south
to north such as Las Luces, Carolina de Michilla, and Mantos de La Luna, that are hosted by the
La Negra (“black”) formation in Chile, which is geologically equivalent to the Chocolate
formation in Peru . The recent drilling results validate the geological model at the Adriana,
Mirador, and Lourdes zones, and demonstrate that the interpreted Cu -Ag mineralized bodies
have continuity along strike to the north and south and extend at depth," said Jose Bassan,
consulting geologist.
“Over the past year, exploration efforts have focused on understanding the main copper
corridor along the Diva northwest trend. This work included systematic 1:2,000 scale geological
mapping, re-logging thousands of met res of drill core, and interpreting numerous geological
cross sections, incorporating lithology, alteration and mineralization. These activities have
resulted in a robust geological model,” said Yoshikazu Fujimoto, Nittetsu’s exploration manager.
The objective of Phase 1 of the drilling campaign was to validate the geological model and to
demonstrate the extension and continuity of the interpreted mineralized breccias hosting the
Cu-Ag, both to the north and south, and at depths deeper than the previously known limits.
Geological Discussion
The recently completed 1,036.25 metre drilling program has increased total drilling at the Los
Chapitos Copper Project to 2 8,660 metres, further strengthening the Project’s growing
exploration database. Notably, approximately 91% of all historical drilling has been focused
along the highly prospective Diva trend, extending approximately 7 km, underscoring the
Company’s strategic emphasis on this important copper corridor.
In addition to the Diva trend , other major structural corridors, such as La Estancia and Atajo ,
extending approximately 18 km and 8 km, respectively, remain significant, underexplored, and
present compelling targets for future drilling campaigns.
Drilling along the Diva northwest trend has successfully recognized a new mineralized body such
as Mirador and validated the interpreted mineralized bodies at Adriana, Lourdes, and Enjambre,
highlighting the upside potential of the project. (Figure 1).
Eight drill holes were completed along the highly prospective Diva trend corridor (holes DCH -
123, DCH -124, DCH -125, DCH -126, DCH -127, DCH -128, DCH -129, and DCH -130), testing the
Mirador, Adriana, Enjambre, Maqui, Piloto and Lourdes targets.
Figure 1. Target location and holes drilled in the Fall 2025 drilling campaign.
Table 1. Summary of Phase 1 of the 2025 fall drilling campaign, Los Chapitos Copper Project, Peru.
The project area is underlain by volcanic rocks of the Jurassic-aged Chocolate Formation, which
are intruded by monzodioritic and dioritic hypabyssal bodies. Mineralization is primarily
controlled by Diva, Atajo, and La Estancia faults that act as conduit s for mineralizing copper
fluids, together with secondary faults, such as Lourdes, Maqui and Claudia faults.
Copper mineralization is hosted within breccias and mantos related to first, second and third
order faults and occurs near the surface as oxide minerals, including malachite, chrysocolla, and
brochantite, associated with copper wad, and at deeper locations sulfide mineralization is
dominated by chalcopyrite and some bornite.
Mirador Target
At the Mirador target, drill hole DCH -123 intersected 8.7 m @ 0.45% Cu & 8.65 g/t Ag.
Mineralization is hosted within breccias developed in intrusive rocks and is characterized
predominantly by green copper oxides, including malachite and brochantite, together with
copper wad (Figure 2).
The mineralization intercepted corresponds to surface outcrops previously reported by the
Company (see news release dated July 16, 2025). The exploration potential at Mirador remains
open, extending over 200 m to the northwest of the Adriana sector, supported by the continuity
of surface mineralization and its confirmation at depth in drill hole DCH-123.
Figure 2. Cross section of copper mineralization at Mirador zone, Los Chapitos
Adriana Target
At the Adriana target, drill holes DCH -124 and DCH -125 intersected significant copper
mineralization. Drill hole DCH-124 intercepted 17.6 m @ 0.85% Cu & 2.48 g/t Ag, while DCH-125
intersected 83.5 m @ 0.94% Cu & 10.40 g/t Ag (Figure 3). Mineralization is dominated by copper
oxides (malachite –chrysocolla) near surface, transitioning at depth to high -grade copper
mineralization associated with disseminated sulfides, mainly chalcopyrite and bornite. These
sulfides are hosted in volcanic rocks brecciated by hydrothermal fluids ascending along the Diva
Fault (Figure 3). This vertical transition from oxides to sulfides confirms a well -preserved, deep
high-grade system, extending the exploration potential beyond 200 m depth.
The Diva Fault is a key structural control on mineralization, and recent drilling has validated the
high prospectivity of this target, opening additional exploration potential both to the southeast
and northwest of the Adriana area
Figure 3. Cross section of copper mineralization at Adriana Zone including chalcopyrite and bornite, Los
Chapitos
Enjambre, Maqui, and Piloto Targets
At Katty's satellite targets (Enjambre, Maqui, and Piloto), a single drillhole was executed on each
target. At these targets, the mineralization is hosted in volcanic rocks intruded by hypabyssal
bodies.
At Enjambre, drillhole DCH-126 intercepted 17.8 m @ 0.20% Cu & 2.55 g/t Ag related to copper
oxides such as malachite mainly and copper wad. The Maqui fault is a secondary fault related to
Diva northwest trend.
At the Maqui target, drillhole DCH -127 intercepted 4.2 m @ 0.19% Cu & 4.5 m @ 0.13% Cu
related to copper oxide mineralization, mainly malachite and copper wad. Mineralization is
structurally controlled by the Claudia fault, a secondary fault related to Maqui fault.
At the Piloto target, drillhole DCH -128 intercepted 13.1 m @ 0.15% Cu & 4.6 m @ 0.23% Cu,
mainly copper oxides.
The Enjambre, Maqui, and Piloto targets showed limited copper intercepts; however, the
presence of mineralization, albeit at a lower grade, confirms that these areas are mineralized
and controlled by secondary structures associated with the Diva northwest fault system. This
confirms the extension of mineralization to the southeast, a covered area that has not yet been
explored.
Lourdes Target
At Lourdes, two drill holes were drilled . drill hole DCH-129 intercepted 63.3 m @ 0.62% Cu &
1.6 g/t Ag related to green copper oxide minerals, such as malachite, chrysocolla, and
brochantite, with localized high -grade zones. The mineralization occurs in a breccia hosted by
epiclastic volcanic rocks intruded by hypabyssal bodies (Figure 4).
The Lourdes north-south fault acted as a conduit for hydrothermal fluids in order to form
mineralized breccia bodies . Drill hole DCH -129 intersected a mineralized breccia, in contrast,
drill hole DCH-130 didn´t reach the Lourdes fault and is barren.
Figure 4. Cross section of copper mineralization at Lourdes zone, Los Chapitos.
Picture 1. Example of high-grade copper mineralization in drillhole DCH-129. The 73 to 76-metre interval
has an average grade of 2.13% copper.
These results validate the Project's exploration potential; the mineralization is hosted in breccias
controlled by the Diva northwest fault, Lourdes northsouth fault and other mapped faults of
second and third order. Drilling has validated the vertical continuity of mineralization from the
surface, demonstrating that the system remains open and preserved at depth. Additionally,
there are untested targets along the Diva trend and along prospective La Estancia fault and the
Atajo faults trend . Based on these advances, the Company plans to begin a second phase of
drilling in March, focused on Sombrero Blanco target along the La Estancia fault, subject to
receiving a modification to the current permit, and continued targets along the Diva trend. The
objective is to validate the extension at depth of the stratabound Cu -Ag mineralized zones
recognized at surface.
Sampling and Assay Procedures
During this campaign, eight drillholes were completed. Core has been logged and sampled at
the Company’s facilities in the town of Chala, 15 km 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.
Corporate
Separately, the Company announces that, following discussions with the TSX Venture Exchange,
the Company has determined not to proceed with the issuance of the 139,535 common shares
(the finder shares) previously proposed to be issued to Resource Play, as described in the
Company’s news release dated December 3, 2025.
About Camino
Camino is a discovery and development stage copper exploration company. The Company has
entered into a joint venture partnership with Nittetsu Mining Co., Ltd. to advance the
construction-ready Puquios copper project in Chile toward development and
production. Camino is advancing its IOCG Los Chapitos copper project located in Peru through
to resource delineation and development, and to add new discoveries. Camino has also
permitted the Maria Cecilia copper porphyry project for exploration discovery drilling to add to
its NI43-101 resources. 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 potential to deliver copper into an electrif ying copper intensive global economy. For more
information, please refer to Camino’s website at www.caminocorp.com
Jose A. Bassan, MSc. Geologist, an independent geologist FAusIMM (CP) 227922, 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, without limitation, statements with respect to the prospectivity
of future explorat ion work at Los Chapitos, future planned drilling programs, the interpretation of
geological models, the potential continuity and extent of mineralized systems, the continuation of
drilling with future campaigns, and the prospectivity for copper exploration in new targets. 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 may be differ ent than those
anticipated by management; that geological interpretations, including the continuity or extent of
mineralized bodies, may change with additional drilling; that the Company may not realize the
benefits of joint ventures and/or strategic partnerships; that the Company may be unable to obtain
or may experience delays in obtaining required permits, authorizations and approvals; operational
and technical risks inherent in exploration ; and risks related to 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.