Camino Intercepts Satellite High-Grade Copper with 55.5m at 0.93% Cu from Surface, including 7.5m of 2.58% Cu at Los Chapitos, Peru
Camino Intercepts Satellite High-Grade Copper with 55.5m at 0.93%
Cu from Surface, including 7.5m of 2.58% Cu at Los Chapitos, Peru
Vancouver, September 07, 2022 – Camino Corp. (TSXV: COR) (OTC: CAMZF) (WKN: A116E1) (“Camino” or
the “Company”) is pleased to announce the final results of the 2022 drilling campaign at its Los Chapitos
copper project (“Los Chapitos”). Camino achieved its exploration goal to successfully drill new satellite
copper discoveries 1.4 to 2.2 km north of its main zone of copper mineralization (see Figure 1 and Table
1). The campaign consisted of 1,513 meters of diamond drilling and identified several new satellite areas
for follow-up copper and silver exploration drilling. Camino’s exploration strategy at Los Chapitos is to
drill for additional copper oxide tonnage that could support a copper heap-leach mine (see Video Series,
Part 1). The copper intercepts highlighted below represent a new high-grade copper satellite discovery at
Los Chapitos.
The Company believes that Los Chapitos is approaching the minimum tonnage required to support a small-
scale mining operation, and that these latest results indicate the potential for additional copper tonnage.
With a land package of 220 sq uare kilometers, the Company plans to continue its drilling efforts with its
overall strategy to determine the size potential of an envisioned copper mine, as new drilling permits
become available.
Highlights:
Lourdes Mineralized Zone
• 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
Condori Mineralized Zone
• 28m @ 0.41% Cu, including 14.4m @ 0.60% Cu in DCH-83
• Trace gold (Au) anomalies grading from 6 ppb to 141 ppb Au
Suite 1780 – 555 W Hastings Street 604-493-2058
Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
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Figure 1. Plan map of mineralization zones at Los Chapitos, Peru
“The Lourdes satellite discovery has multiple drillhole intercepts of high-grade copper from surface,” said
Jay Chmelauskas, CEO of Camino Corp . “This satellite deposit will add oxide tonnage to the resources
previously drilled at the Adriana Zone. Our drilling campaign has demonstrated an extensive copper
system at Los Chapitos and our efficacy to intercept new copper mineralization on substantial step-out
exploration holes. Our exploration will focus on these mineralized structures and at identifying lithological
units that can host bulk tonnage copper deposits adjacent to them.”
Jose Bassan, Chief Geologist at Camino said, “the high-grade copper mineralization discovered at Lourdes
is controlled by two cross-cutting faults and it is the new North-South fault system that is opening a new
corridor for follow-up drilling at Lourdes and more exploration. In addition, t he copper intercepts at
Condori, combined with the alteration and lithology sequence, support follow-up exploration.”
Suite 1780 – 555 W Hastings Street 604-493-2058
Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
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Table 1. Summary of Drill Results August 2022, Los Chapitos Copper Project, Peru
Suite 1780 – 555 W Hastings Street 604-493-2058
Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
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Figure 2. Site Map of 2022 Drilling Campaign, Los Chapitos, Peru
Figure 3. Location Map of the Los Chapitos Copper Project, Peru
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Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
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Lourdes Copper Mineralization
A new satellite discovery was made during the 2022 drilling campaign at Los Chapitos. The Lourdes
discovery is supported by the following drillhole intercepts:
o 55.5m @ 0.93% Cu from surface, including 7.5m @ 2.58% Cu in DCH-97
o 65.2m @ 0.70% Cu from surface, including 31m @ 1.23% Cu in DCH-80
o 19.5m @ 1.34% Cu from 55m depth, including 7.4m @ 2.32% Cu in DCH-89
o 5.1m @ 1.32% Cu from 29m depth in DCH-92
o 22.6m @ 0.64% Cu from 73m depth in DCH-96
The Lourdes mineralized zone covers an area of 30 to 40 meters wide, striking in a north-south direction
by 100 meters, and extends to depths of 70 meters (see Figures 4 and 5) . Mineralization remains open
along strike and at depth. The m ineralization observed in drill core is soluble oxides of malachite,
chrysocolla, brochantite, tenorite, pitch limonite, and occa sional sulphides consisting of chalcocite,
chalcopyrite, bornite, and covellite (see Photo 1 and Video Series 3 ). Camino plans to begin solubility
testing on select intervals of copper mineralization to determine amenability to heap-leaching.
DCH-095 (31.20m) DCH 096 (45.60m) DCH-97 (49.10m)
malachite-brochantite chrysocolla, tenorite bornite, pitch limonite, black oxides
Photo 1. Mineralization at Lourdes, Los Chapitos, Peru
Mineralization controlled by major fault structures plays an important role at Lourdes. The main copper-
bearing Diva fault that trends north-west is intersected by a north-south trending fault that provides
copper feeders to the receptive Chocolate Formation host rock . Camino is exploring for lithology within
the volcanic sequence at Los Chapitos to host bulk tonnage copper deposits.
Suite 1780 – 555 W Hastings Street 604-493-2058
Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
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Figure 4. Cross section of copper mineralization at Lourdes Zone, Los Chapitos
Suite 1780 – 555 W Hastings Street 604-493-2058
Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
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Figure 5. Longitudinal section of copper mineralization at Lourdes Zone, Los Chapitos
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Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
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Condori Copper Mineralization
Copper mineralization at Condori was confirmed in two fault structures located on the periphery of a
broad 1.0 km by 1.0 km hydrothermal alteration system (see Photo 2). Drill holes DCH -083, intercepted
28m @ 0.41% Cu, including 14.4m @ 0.60% Cu (see Figure 6) . Camino believes that t his copper
mineralization, along with the broad halo of hydrothermal alteration, provides the potential for primary
sulfide mineralization at depth as a target for follow-up drilling.
Photo 2. Artisanal mining exposes copper oxides in fault structures at Condori, Los Chapitos