Camino Provides Exploration Summary for the Maria Cecilia Copper Porphyry Project in Peru
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Camino Provides Exploration Summary for the Maria Cecilia
Copper Porphyry Project in Peru
Vancouver, October 28, 2024 – Camino Minerals Corporation (TSXV: COR) (OTC: CAMZF) (“Camino”
or the “ Company”) is pleased to provide a summary of the summer drilling and exploration
campaign at its Maria Cecilia porphyry project (“Maria Cecilia” or the “Project”) in Ancash, Peru.
The 2024 summer campaign included the construction of access roads and the drilling of one
diamond drillhole (MC24-001) at Porphyry 1. Geochemical assays indicate low grades of copper,
molybdenum, silver , and gold intercepts over significant intervals , including 234 meters of
continuous low -grade copper, gold, silver, and molybdenum mineralization. In addition, mineral
zoning, multiple altered intrusions, areas of widespread multi-vein stock work, pervasive potassic
alteration, as well the potential for copper mineralization in surrounding reactive sedimentary
host rocks were observed. The drilling campaign was successful at identifying zonation in the
porphyry stock for further follow-up drilling.
Over 30,000 meters of drilling, as well as a NI43-101 compliant resource, have been completed at
the adjacent mountains, Toropunto, and Emmanuel. The entire porphyry complex within Camino’s
claims spans over 5 kilometers, and the current drilling target, Maria Cecilia, is at the centre of the
complex.
Highlights:
• Continuity of mineralization at depth in drillhole MC24-001 with grades up to 0.16%
copper, 0.053ppm gold, 5.1ppm silver, and 819ppm molybdenum. A continuous drilling
intercept over the first 234 m graded 0.08% Cu, 0.007ppm Au, 0.51ppm Ag, 57ppm Mo.
• Drilling confirms mineral zonation of a porphyry system at Maria Cecilia located at the
centre of a 5 km mineraliz ed system spanning from Camino’s Toropunto copper -
molybdenum-gold high-sulphidation epithermal resources to Camino’s Emmanuel porphyry
copper-molybdenum resources.
“During the summer of 2024, Camino focused its efforts on acquiring the Puquios copper production
asset in Chile and advancing its joint venture exploration activities at Los Chapitos in Peru with
Nittetsu Mining,” said Jay Chmelauskas, CEO of Camino. “At the same time , we drill tested Maria
Cecilia and evaluated exploration priorities. Maria Cecilia is proving to be a very large porphyry
system that is worthy of follow-up drilling when the copper market conditions improve or after we
advance our production and exploration assets at Puquios and Los Chapitos. While we intercepted
234 metres of continuous copper mineralization, the grades at Maria Cecilia still do not explain the
metal content in the ground , either pyrite or chalcopyrite, generating a significant geophysical
anomaly.”
Camino Geological consultant Jose Bassan stated: “Three styles of mineralization are recognized at
Maria Cecilia: Polymetallic (Zn-Pb-Cu-Ag) skarn mineralization, hydrothermal high-sulphidation (Cu-
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Au) epithermal deposit related to porphyry systems , and finally, a copper and gold porphyry, like
we see at Maria Cecilia and the adjacent Emmanuel resource. The hornfels package that exhibits
better copper and gold grades than the other porphyry-sills implies that the main source of copper
mineralization has not yet been reached.”
The package of sedimentary rocks of Goyllarisquizga group and hornfels sequence has N335 azimuth
and subvertical dips, observed with geological mapping at 1:1,000.
At Maria Cecilia 99% of the area is covered by colluvium , new road access has provided new
exposures. A total of 95 chip samples were taken at the road openings for over 2.5 km towards the
new drill pads. All samples were anomalous in copper, mainly in copper oxides (tenorite) in fractures
and veinlets, with 35 of these samples greater than 0.1% Cu with grades up to 0.32% Cu. There were
also 11 samples greater than 0.01ppm gold with grades up to 0.061ppm . There were 7 samples
greater than 100ppm molybdenum and graded up to 222ppm (Figure 3).
The first exploration hole in Maria Cecilia MC24-001 is located in an outcrop zone of copper oxides
with grades up to 0.7% Cu . The drillhole was oriented towards the NW edge of the geophysical
magnetic anomaly, Porphyry 1, reaching a total depth of 696 meters, including anomalous copper
continuity over 234 m from surface with grades of 0.08% Cu mainly in veinlets with chalcopyrite and
disseminated after the first 40m of drilling . Drilling at surface initially intercepted black copper
oxides (tenorite) (Figure 1).
Figure 1. Long section of the Maria Cecilia porphyry - skarn system.
Drill hole MC24 -001 exhibited potassic alteration characterized by secondary biotite and minor
secondary feldspar. The identified sulphides consist of finely -grained pyrite and chalcopyrite,
present in micro -veins and as random disseminations. Quartz veinlets primarily contain
molybdenite, and the porphyries encountered in the drill hole follow the stratification . The
geological logging of drill hole MC24-001 highlights the significance of the hornfels host rock within
the mineralized system of the Maria Cecilia project. The hornfels demonstrates higher copper and
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molybdenum grades compared to other rock types, accompanied by strong potassic alteration and
a stockwork of early veinlet types, including EB (biotite -quartz), A (quartz with K -spar), and B
veinlets (quartz -sulphides). Disseminated pyrite and chalcopyrite sulphides, along with quartz-
molybdenite veinlets, are observed in contact with the Plg-Hb porphyry (hornblende porphyry).
At greater depths, porphyry sills ranging from 1 to 32 meters thick influence the alteration and
veinlet patterns within the host rock. However, the copper and molybdenum grades remain higher
within the hornfels package, suggesting that the primary source of copper mineralization has not
yet been reached.
Figure 2. Geology and average grades Cu, Au, Ag, Mo descriptions from core pictures MC24-001, ppm
grades. (The average Cu, Au, Ag, Mo grades of the porphyry are not included in the hornfels analysis).
Table 1. Summary of Drillholes location, Maria Cecilia Porphyry Copper Project, Peru
HOLEID East(m) North(m) Elevation(m) Azimuth Dip Total Depth Start Date End date
MC24-001
(Porphyry 1) 179151 8982554 4220 180 -75 695.85 2-Jun-24 26-Jun-24
Porphyry 2
Porphyry 3 Open roads, Geology mapping, Chip samples
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Figure 3. Plan view with copper surface rock chip samples, geophysical magnetic anomaly, and 2024 drilling
at Maria Cecilia.
Final coordinates (East-North-Elevation, metric) taken at the end of the drillhole using GPS model
(GPS MAP 64) and measurement of the drillhole trajectory with DeviGyro #4693 tool every 20m
according to protocol.
Core has been logged and sampled for drillhole MC24-001 at the Company’s facilities in the town of
Caraz, 20 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.
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About Camino
Camino is a discovery and development stage copper exploration company. On October 7, 2024,
Camino signed a Definitive Agreement to purchase the construction-ready Puquios copper mine in
Chile. Camino is focused on developing copper producing assets such as Puquios, and 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 pote ntial 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.
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 ba sed 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, future planned drilling
programs, prospectivity for copper exploration in new targets Porphyry 1, 2, 3; 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 different than those expected by management, that the
Company may not realize the benefits of joint ventures and/or strategic partnerships with respect to the
Company’s properties, that the Company may be unable to obtain or may experience delays in obtaining
any required authorizations and 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.