Camino Receives Start of Activities Authorization for the Next Drilling Targets at the Los Chapitos Copper Project in Peru
Suite 1780 – 555 Hastings Street 604-493-2058
Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
Camino Receives Start of Activities Authorization for the Next
Drilling Targets at the Los Chapitos Copper Project in Peru
Vancouver, September 18, 2023 – Camino Corp. (TSXV: COR) (OTC: CAMZF) (WKN: A116E1)
(“Camino” or the “Company”) is pleased to announce that it has received the first phase of its Start-
of-Activities authorizations from the General Directorate of Mining (DGM) of the Ministry of Energy
and Mines to begin earth moving activities at the Company’s Los Chapitos copper project ( “Los
Chapitos” or the “Project”) in Peru. This authorization coincides with the Environmental Impact
Study (“EIA”) expansion that was received in June, 2023 that allows the Company to explore over
an area of 6,012 hectares (see news release dated June 20, 2023).
The first phase covers approximately half of the EIA area ; it is expected that the second phase will
receive authorization in several months once a cultural review has been completed. The permit will
enable Camino to commence road construction and preparations for its next explorat ion drilling
campaign. Recent geological field work has identified n ew d rilling targets over broad zones of
potential mineralization to the south of Camino’s main Adriana zone, and also to the north at the
Lourdes Zone. Lourdes is a new copper discovery made in 2022 with broad intercepts of oxidized
copper mineralization including 55 m at 0.93% Cu from surface (see news release dated September
7, 2022). The target zones are modelled around new interpretations and fault controls similar to
geological features found in the copper-rich Candelaria district of Chile, where our partner Nittetsu
Mining Co., Ltd. operates the Atacama Kozan mine. Drilling will target near-surface oxidized copper
and will likely commence as early as December 2023.
“Recent geological mapping with our partner Nittetsu has identified broad areas to target new near-
surface oxide copper. Nittetsu operates the Atacama Kozan mine in the prolific copper district of
Candelaria, and our work over the summer included mapping with Chilean geologists who offer new
ideas and bring their experience in the Candelaria district to our copper project in Peru ”, said Jay
Chmelauskas, CEO of Camino. “ We are currently prioritizing drill targets for our next drilling
campaign at our Los Chapitos copper project that we plan to launch as early as December.”
Suite 1780 – 555 Hastings Street 604-493-2058
Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
Figure 1. Major structures and geological units that control copper mineralization at Los Chapitos
About Camino Corporation
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 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 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 technical information in 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]
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 necessary authorizations and approvals . 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 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.