Rio Tinto Claims Ground Next to Camino’s Los Chapitos Copper Property in Peru; Camino Increases Land Position by 1,000 Hectares
Suite 1780 – 555 Hastings Street 604-493-2058
Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
Rio Tinto Claims Ground Next to Camino’s Los Chapitos Copper
Property in Peru;
Camino Increases Land Position by 1,000 Hectares
Vancouver, November 8, 2023 – Camino Corp. (TSXV: COR) (OTC: CAMZF) (WKN: A116E1)
(“Camino” or the “Company”) reports that Rio Tinto has staked copper claims immediately adjacent
to Camino’s Los Chapitos Copper Project ("Los Chapitos" or the "Project") in Peru. Camino has also
increased its claims at its Los Chapitos property by an additional 1,000 hectares. The Company has
recently identified the deep-seated La Estancia Fault that extends for 12 kilometers in a northwest
direction (see news release dated October 24, 2023). The new land position by Rio Tinto follows the
extension of this fault towards the North . In addition, South32 has an earn-in strategic alliance on
the ground immediately north of Los Chapitos.
Rio Tinto is one of the world’s largest mining companies and copper producer s. South32 is a major
diversified mining company that was spun out from copper producer BHP. Furthermore, Mina Justa,
one of the world’s newest copper mines, is located in the copper mineralized region 100 kilometres
to the north of the Los Chapitos district and commenced production in 2021 with a capital
investment of approximately $1.6 billion (see Figure 1).
“A major copper company like Rio Tinto entering the Los Chapitos district is another strong indicator
that Camino ’s geological research and exploration initiatives, in collaboration with our partner
Nittetsu Mining Ltd., are significant. The Los Chapitos district is getting noticed. ” said Jay
Chmelauskas, President and CEO of Camino. “With the largest land position and our next drilling
campaign planned to commence in December, Camino is currently the most active operator to make
additional copper discoveries in the under-explored Los Chapitos district.”
Suite 1780 – 555 Hastings Street 604-493-2058
Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
Figure 1. Locations of Copper Projects and Claims in the Los Chapitos District
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 pot ential to deliver copper into an electrifying copper
intensive global economy. For more information, please refer to Camino’s website at
www.caminocorp.com.
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.
Suite 1780 – 555 Hastings Street 604-493-2058
Vancouver, BC V6B 4N4, Canada www.caminocorp.com [email protected]
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.