Camino to Commence the Inaugural Drilling Program at Maria Cecilia porphyry with 0.7% Oxidized Copper Identified at Surface
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Camino to Commence the Inaugural Drilling Program at Maria
Cecilia porphyry with 0.7% Oxidized Copper Identified at Surface
Vancouver, May 29, 2024 – Camino Minerals Corporation (TSXV: COR) (OTC: CAMZF) (WKN: A116E1)
(“Camino” or the “ Company”) is pleased to announce that the discovery drilling campaign at its
wholly-owned Maria Cecilia copper porphyry project (“Maria Cecilia” or the “Project”) in Peru will
commence on June 1, 2024. The purpose of the drilling campaign at Maria Cecilia is to discover
copper mineralization and to enable Camino to estimate the corresponding zonation in the porphyry
stock for further follow -up drilling. Over 30,000 metres of drilling, including a NI43 -101 compliant
resource has been completed at the adjacent mountains, Toropunto and Emmanuel. The entire
porphyry complex spans over 5 kilometers, and the current drilling target, Maria Cecilia, is at the
centre.
Highlights from previous drilling (see figure 5):
At Toropunto:
• TOR13-09: 40 metres @ 1.34% CuEq from 186 m
• TOR13-09: 66 metres @ 1.52% CuEq from 271 m
• TOR14-23: 67 metres @ 0.81% CuEq from 216 m
At Emmanuel:
• EMM15-06: 46m @ 0.61% CuEq from 380 m
• EMM 15-08: 52m @ 0.71% CuEq from 160 m
Geological consultant Jose Bassan stated that “the potential for copper mineralization exists in both
the reactive host rocks and in the intrusive porphyries that outcrop at Maria Cecilia. We plan to drill-
test Porphyry 1 to a depth of 750 metres to determine if the oxide copper observed at surface
extends to a copper, gold, and molybdenum primary sulphide deposit at depth. It is possible, based
on geophysics, that one large sulphide deposit connects to all the porphyry outcrops 1, 2 and 3. In
addition, historical drilling at the adjacent deposits at Toropunto and Emmanuel demonstrate the
potential to intercept high grade copper and gold.”
Camino’s geological team has observed exposed rock exhibiting green copper oxide mineralization
(Figure 1) with corresponding chip samples up to 0.7% Copper at the location of the first drilling
platform at Porphyry 1. These recent assay results are comparable in grade to historical test pit
samples in this area. Camino intends to drill up to two 750 -meter holes , at locations of copper
mineralized porphyry outcrops Porphyry 1 and Porphyry 2 (Figure 2), to intercept a significant
magnetic anomaly with the potential to host a robust mineralized porphyry system. The goal of
current drilling campaign is to confirm the presence of primary porphyry copper mineralization,
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along with gold and molybdenum, at depth. In addition, mineralization may be discovered in
reactive host rocks, notably the sandstone and limestones of the Goyllarisquizga group that could
host large-scale concentrations of copper mineralization, within the Cordillera Negra belt.
Figure 1. Exposed rock exhibiting green copper oxide mineralization at surface of Porphyry 1.
Figure 2. Maria Cecilia drilling targets, Porphyry 1, and Porphyry 2. Dimple marks are historical rock chip
sample test pits around Porphyry 1 and Porphyry 2.
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The first drillhole at Maria Cecilia is designed to be drilled at a steep angle due south to a depth of
approximately 750 metres, targeting a large geophysical anomaly at depth. Layers of cream
coloured sandstone with different shades have been exposed over 350 metres of the new road
towards the first drilling plat form, with a N25°W strike and subvertical dips. This sandstone
sequence is interspersed with multiple sill -like porphyry fingerings. Skarn horizons and massive
sulfide mantles have been observed a t the location. These are characterized by moderate argillic
alteration superimposed on a potassic background alteration, in addition to intense quartz veining
>20/m, forming stockwork. Observed mineralization consists of black copper oxides (Figure 3)
attached to the fracture planes and is in some cases accompanied by jarosite-goethite.
Figure 3. Yellowish-gray porphyry with moderate argillization, fine and thick quartz veinlets forming
stockwork. The mineralization is represented by moderate black copper oxides in the fractures and in the
vein walls.
Finally, a new target, Porphyry 3, was identified during the drilling platform's construction, covering
approximately 0.4 by 1 kilometer. The geological composition of this target includes metasediments
with pronounced quartz -sericite alteration, a stockwork of quartz veinlets, and the presence of
oxidized copper minerals, primarily tenorite (Figure 4). These features are attributed to the porphyry
systems outcropping at Porphyry 1 and Porphyry 2, which are believed to be the sources of the
observed alterations and mineral deposits.
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Figure 4. Exposed oxidized copper at a newly identified Porphyry 3.
The Maria Cecilia porphyry complex spans over 5 km with historical NI43 -101 compliant resources
at the adjacent Toropunto and Emmanuel deposits that demonstrate mineralization of copper, gold,
and molybdenum (Figure 5).
Figure 5. Long Section of Maria Cecilia Multi-Intrusive Copper Porphyry System
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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 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, 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 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 Company’s internal view of
potential results of the contemplated drill program at Maria Cecilia . 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 and that the Company may be unable to obtain or will experience delays in obtaining
any required authorizations and approvals. 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.