Camino’s Mapping and Geophysics Program Identifies Major Deep-Seated Fault at 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’s Mapping and Geophysics Program Identifies Major
Deep-Seated Fault at Los Chapitos Copper Project in Peru
Vancouver, October 24, 2023 – Camino Corp. (TSXV: COR) (OTC: CAMZF) (WKN: A116E1) (“Camino”
or the “Company”) together with its project partner Nittetsu Mining Co. Ltd (“Nittetsu”), is pleased
to announce that the recent geological mapping and geophysics program has identified the La
Estancia fault (“ La Estancia”), a deep -seated “thick skinned” fault structure through the centre of
the property constituting the Los Chapitos Copper Project (“ Los Chapitos” or the “ Project”). The
La Estancia fault extends for 12 kilometers in a northwest direction. Historically, Camino has made
copper discoveries on either side of this structure, drilling significant copper intercepts along
secondary fault structures such as at Adriana, Lourdes, and Atajo.
Surface geological mapping and a geophysics program completed to depths of 500 meters support
the presence of the La Estancia fault. La Estancia’s significance lies in its interpretation as a deep
fault, serving as a conduit for the copper mineralization that Camino has been drilling near surface,
as well as for buried copper mantos. The Company’s current strategy prioritizes extensions to
existing near-surface copper oxide deposits, and the discovery of new copper oxide zones, with the
potential for copp er sulphide discoveries at depth. Major deposits, such as Manto Verde,
Candelaria, Carolina de Michilla, have all been discovered in relation to deep-seated structures.
Highlights:
• Identified new La Estancia deep fault system extending for 12 kilometers.
• Completed a m agnetic survey to depth s of 500 meters covering 1,0 79 km and 9,626
hectares.
• 1:25,000 scale and 1:5,000 scale geological mapping complete.
• 1:1,000 geological mapping and drill targeting underway for proposed drilling campaign
commencing in December.
The mapping and drone geophysics survey (see news release dated July 26, 2023 ) was carried out
by Camino’s geological team and Nittetsu, together with Chilean geologists from July to September
2023, and consisted of 1,079 line kilometers of survey and covering 9,626 hectares. As a result of
this work, Camino has identified multiple “thin skinned faults” as well as a deep-seated "thick skin"
La Estancia fault system (Figure 1). The La Estancia fault provides additional information about the
intrusive bodies in the Los Chapitos claim area and their relationship with hydrothermal alteration
and copper mineralization in both oxides and sulfides. The discovery of this fault system has
significant implications as it relates to the spatial -temporal relationship observed between large
copper deposits in significant mining districts of Chile . The presence of this “thick skinned” fault
increases the possibility of finding a major copper deposit. This relationship is observed in the
copper porphyry and molybdenum belts, and in the IOCG belts along the Chilean Coast , with
Suite 1780 – 555 Hastings Street 604-493-2058
Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
significant deposits typically situated within a radius of less than 5 km from a “thick skinned” fault’s
propagation zone.
For the current drilling campaign planned to commence as early as December, 2023, Camino is
conducting 1:1,000 scale geological mapping in targeted prospective zones along the main Diva
Trend to determine locations for drill holes.
Figure 1. Fault structures controlling copper mineralization at Los Chapitos, Peru
Felix Cornelio, Chief Geologist at Camino stated, “ While the planned winter drilling campaign will
continue to target near-surface copper oxides, we will also consider copper sulfide targets at depth,
providing additional opportunities for larger discoveries. The discovery of the La Estancia fault has
provided us with the opportunity to evaluate a new structural corridor extending more than 12
kilometers through the center of Los Chapitos, in addition to the Diva and Atajo trends.”
Camino used unmanned aircraft and magnetometers equipped with georeferencing systems and
other navigation instruments to perform the magnetic surveys. Aero-magnetometry is a relatively
new technique that provides for automated missions, flying at low altitudes and covering large
distances in a short time for increased efficiency and high precision accuracy.
The recent geophysical survey detected a main magnetic body following a N orthwest-Southeast
trend. This continuous magnetic susceptibility observed along the Atajo Trend, suggests possible
magnetite enrichment , with anomalies likely associated with ultramafic rocks with stratigraphic
control and/or replacement by secondary magnetic mineralization. A second important anomaly is
related to the deep-seated La Estancia Fault (Figure 2) following the same Northwest trend.
Suite 1780 – 555 Hastings Street 604-493-2058
Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
Figure 2. Geophysics and rock geochemistry aligned with faults at Los Chapitos, Peru
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 adding 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 is seeking 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 information in this document. Mr. Bassan has reviewed and
verified relevant data supporting the technical disclosure, including sampling and analytical test
data.
Suite 1780 – 555 Hastings Street 604-493-2058
Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
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 prospectivity of future exploration
work at Los Chapitos and the receipt of nece ssary 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 fac tors 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.