Camino Identifies New Copper Satellite Zones Along Major La Estancia Fault at the Los Chapitos Copper Project in Peru
Camino Minerals (TSXV:COR)(OTC PINK:CAMZF) has announced significant progress in its Summer 2024 mapping and exploration campaign at the Los Chapitos copper project in Peru. The company, in collaboration with Nittetsu Mining CO., , has identified five new exploration targets along the La Estancia fault, which extends for approximately 12 km through Camino's claims.
Key highlights include:
- Discovery of additional copper zones at Pilar Maria along the Diva Trend
- Notable mineralization at multiple targets, with copper grades reaching up to 7.3% Cu and 54 ppm Ag at Pilar Maria
- Drilling expected to begin at prioritized targets as early as December 2024
- Ongoing exploration targeting structural controls across the 12 km La Estancia trend
The new targets at Los Chapitos show similarities to manto-type copper deposits in northern Chile and demonstrate potential for copper-silver manto and IOCG type deposits. This exploration complements Camino's recent agreement to purchase the Puquios construction-ready copper mine in Chile.
Camino Minerals (TSXV:COR)(OTC PINK:CAMZF) ha annunciato significativi progressi nella sua campagna di mappatura e esplorazione estiva del 2024 presso il progetto di rame Los Chapitos in Perù. L'azienda, in collaborazione con Nittetsu Mining CO., ha identificato cinque nuovi obiettivi di esplorazione lungo la faglia di La Estancia, che si estende per circa 12 km attraverso le rivendicazioni di Camino.
Le principali evidenze includono:
- Scoperta di ulteriori zone di rame a Pilar Maria lungo il Diva Trend
- Mineralizzazione notevole in più obiettivi, con gradi di rame che arrivano fino a 7,3% Cu e 54 ppm Ag a Pilar Maria
- Le perforazioni dovrebbero iniziare nei target prioritari già a partire da dicembre 2024
- Esplorazione in corso che punta ai controlli strutturali lungo il trend di La Estancia di 12 km
I nuovi obiettivi a Los Chapitos mostrano somiglianze con i depositi di rame di tipo manto nel nord del Cile e dimostrano potenziale per depositi di rame-argento manto e di tipo IOCG. Questa esplorazione integra l'accordo recente di Camino per l'acquisto della miniera di rame Puquios, pronta per la costruzione, in Cile.
Camino Minerals (TSXV:COR)(OTC PINK:CAMZF) ha anunciado un progreso significativo en su campaña de mapeo y exploración de verano de 2024 en el proyecto de cobre Los Chapitos en Perú. La empresa, en colaboración con Nittetsu Mining CO., ha identificado cinco nuevos objetivos de exploración a lo largo de la falla La Estancia, que se extiende aproximadamente 12 km a través de las concesiones de Camino.
Los aspectos destacados incluyen:
- Descubrimiento de zonas adicionales de cobre en Pilar María a lo largo de la Diva Trend
- Mineralización notable en múltiples objetivos, con grados de cobre que alcanzan hasta 7.3% Cu y 54 ppm Ag en Pilar María
- Se espera que las perforaciones comiencen en los objetivos prioritarios tan pronto como en diciembre de 2024
- Exploración en curso que apunta a controles estructurales a lo largo del trend de La Estancia de 12 km
Los nuevos objetivos en Los Chapitos muestran similitudes con depósitos de cobre tipo manto en el norte de Chile y demuestran potencial para depósitos de manto de cobre-plata y tipo IOCG. Esta exploración complementa el reciente acuerdo de Camino para comprar la mina de cobre Puquios, lista para construcción, en Chile.
카미노 미네랄스 (TSXV:COR)(OTC PINK:CAMZF)가 페루의 로스 차피토스 구리 프로젝트에 대한 2024년 여름 지도 작성 및 탐사 캠페인에서 상당한 진전을 발표했습니다. 이 회사는 니뗏쯔 광업(Nittetsu Mining CO.)과 협력하여 라 에스탄시아 단층을 따라 다섯 개의 새로운 탐사 목표를 식별했습니다, 이 단층은 카미노의 권리에서 약 12km 확장됩니다.
주요 하이라이트는 다음과 같습니다:
- 디바 트렌드에 따라 필라 마리아에서 추가 구리 지역 발견
- 필라 마리아에서 구리 등급이 7.3% Cu 및 54 ppm Ag에 달하는 여러 목표에서 주목할 만한 광물화 발견
- 우선 목표에서의 드릴링이 2024년 12월에 시작될 것으로 예상됨
- 12km 라 에스탄시아 트렌드를 따라 구조적 제어를 목표로 하는 탐사 진행 중
로스 차피토스의 새로운 목표는 북부 칠레의 만토형 구리 매장지와 유사성을 보이며, 구리-은 만토 및 IOCG 유형 매장지의 잠재력을 보여줍니다. 이 탐사는 카미노가 칠레의 건설 준비가 완료된 구리 광산 푸키오스(Puquios)를 구매하기로 한 최근 합의와 함께 진행됩니다.
Camino Minerals (TSXV:COR)(OTC PINK:CAMZF) a annoncé des progrès significatifs dans sa campagne de cartographie et d'exploration estivale de 2024 au projet de cuivre Los Chapitos au Pérou. L'entreprise, en collaboration avec Nittetsu Mining CO., a identifié cinq nouveaux cibles d'exploration le long de la faille La Estancia, qui s'étend sur environ 12 km à travers les concessions de Camino.
Les points saillants comprennent :
- Découverte de zones supplémentaires de cuivre à Pilar Maria le long de la tendance Diva
- Minéralisation notable à plusieurs cibles, avec des teneurs en cuivre atteignant jusqu'à 7,3 % Cu et 54 ppm Ag à Pilar Maria
- Des forages devraient commencer sur les cibles prioritaires dès décembre 2024
- Exploration en cours visant à cibler les contrôles structurels le long de la tendance de La Estancia de 12 km
Les nouveaux cibles à Los Chapitos présentent des similitudes avec des dépôts de cuivre de type manto dans le nord du Chili et montrent un potentiel pour des dépôts de type manto en cuivre-argent et IOCG. Cette exploration complète l'accord récent de Camino pour acheter la mine de cuivre Puquios, prête pour la construction, au Chili.
Camino Minerals (TSXV:COR)(OTC PINK:CAMZF) hat bedeutende Fortschritte in seiner Mapping- und Explorationskampagne für den Sommer 2024 im Kupferprojekt Los Chapitos in Peru bekannt gegeben. Das Unternehmen hat in Zusammenarbeit mit Nittetsu Mining CO. fünf neue Explorationsziele identifiziert, die entlang des La Estancia-Störungs-Systems verlaufen, das sich über etwa 12 km durch die Ansprüche von Camino erstreckt.
Wichtige Höhepunkte sind:
- Entdeckung zusätzlicher Kupferzonen in Pilar Maria entlang des Diva Trends
- Bemerkenswerte Mineralisierung an mehreren Zielen, mit Kupfergehalten von bis zu 7,3 % Cu und 54 ppm Ag in Pilar Maria
- Bohrausführungen sollen bereits im Dezember 2024 an priorisierten Zielen beginnen
- Laufende Exploration, die auf strukturelle Kontrollen entlang des 12 km langen La Estancia-Trends abzielt
Die neuen Ziele bei Los Chapitos weisen Ähnlichkeiten mit Manto-Kupferlagerstätten im Norden Chiles auf und zeigen Potenzial für Kupfer-Silber-Manto- und IOCG-Typ-Lagerstätten. Diese Exploration ergänzt die jüngste Vereinbarung von Camino zum Kauf der betriebsbereiten Kupfermine Puquios in Chile.
- Identification of five new exploration targets at La Estancia
- Discovery of additional copper zones at Pilar Maria along the Diva Trend
- High-grade copper mineralization found, with samples reaching up to 7.3% Cu and 54 ppm Ag
- Drilling expected to commence as early as December 2024
- Anticipated new tranche of $1.5M earn-in funding from Nittetsu
- None.
VANCOUVER, BC / ACCESSWIRE / October 22, 2024 / Camino Minerals Corporation (TSXV:COR)(OTC PINK:CAMZF) ("Camino" or the "Company") is pleased to provide an update on the progress of the Summer 2024 mapping and exploration campaign at the Los Chapitos copper project ("Los Chapitos" or the "Project") in Peru. During the summer geological mapping campaign, collaborative efforts between Camino and its exploration partner Nittetsu Mining CO., LTD ("Nittetsu") have significantly advanced the 1:5,000 and 1:2,000 geological mapping program, which successfully identified new prospective copper oxide areas at the La Estancia trend that hold potential for future exploration drilling and development. This La Estancia fault extends for approximately 12 km through Camino's claims to the property boundary where Rio Tinto recently staked claims in 2024 (see news release dated May 17, 2024). Diamond drilling is anticipated to commence as early as December 2024.
Advanced exploration at Los Chapitos in Peru compliments Camino's corporate strategy to develop production behind the recently announced agreement to purchase the Puquios construction-ready copper mine in Chile (see news release dated October 7, 2024).
Highlights:
Identification of five new exploration targets at La Estancia.
Discovery of additional copper zones at Pilar Maria along the Diva Trend.
Notable mineralization at multiple targets, including:
Pampero: Up to
3.8% copper (Cu) and 4.0 ppm silver (Ag) in geochemical samples.Pilar Maria: Copper oxide grades reaching
7.3% Cu and 54 ppm Ag.Sombrero Blanco: Copper oxide mantos and exotic surface copper deposits.
Drilling to begin at prioritized targets as early as December 2024 with the anticipated new tranche of
$1.5M earn-in funding from Nittetsu.Ongoing exploration will also target structural controls across the 12 km La Estancia trend, aligned with copper-rich IOCG systems such as Candelaria and Mantoverde.
Over 25,000 meters of drilling has previously been completed at the Los Chapitos claims, and new satellite deposits are being sought centered on the La Estancia fault along its northwest trend, including north to south trending conjugate faults. Studies of other Iron Oxide Copper Gold ("IOCG") districts shows up to
The new targets at Los Chapitos have similarities to the manto-type copper deposits of northern Chile and continue to show excellent potential for copper-silver manto and IOCG type deposits.
"Los Chapitos is target-rich for copper discoveries with multiple new high priority copper exploration areas identified through the 2024 summer program," commented Jay Chmelauskas, Camino's CEO. "Furthermore, we believe that our Los Chapitos copper exploration in Peru, is next in line for development after our recently executed definitive agreement for the construction-ready and permitted Puquios copper mine in Chile."
Figure 1.Location of the main copper exploration targets at Los Chapitos 2024.
During the 1:5000 scale geological mapping campaign, five zones of exploration interest have been identified at the La Estancia fault: Pampero, Sombrero Blanco, Ocoa, Medanos, and Vizcacha (Figure 1).
The main objective of the summer mapping campaign was to evaluate the ranking targets within the La Estancia area, which are Pampero and Sombrero Blanco where a 1:2000 scale mapping has been carried out, showing new minor faults that control the mineralization found on the surface.
The mineralization found at the Pampero target corresponds to copper oxides and sulfides such as malachite/atacamite, chrysocolla, chalcopyrite, and specularite (Figure 2) with strong chloritic-sericitic-silice alteration on the surface at the contact of the intrusive bodies of granodioritic-monzonite composition in contact with the Chocolate Formation. As part of the activities at the Pampero target, geochemical sampling was carried out in trench channels and mineral occurrence areas where the results showed high values of up to
Figure 2. Plan view showing location of the target Pampero and the occurrences of copper oxides.
* Sample X073899/2024 lithology: tuff of andesitic crystals of the Fm. Chocolate with siliceous alteration. With abundant copper oxides, such as malachite and brochantite. The sample was taken in 1m of channel within a 6m trench length with az N°30 (metric location, x:563662, y:8270313, z:700), received sample weight in the lab (WEI-21), 2.52kg.
At the Sombrero Blanco target, the mapped mineralized zones are in the footwall of La Estancia fault, and the hanging wall and footwall of the Sombrero fault (newly recognized fault). Mineralization would be controlled by the Sombrero fault conduits and mineralized hydrothermal breccias. These conduits generate mineralized "mantos" in andesitic tuffs and volcanogenic rocks, with oxide mineralization (malachite, atacamite, chrysocolla). Several new copper manifestations were identified in outcropping, searches and trenches. The mineralized zones have been recognized as copper oxide mantos, mineralized breccias, and exotic copper deposits on the surface (Figure 3).
The intersection of major structures, such as the La Estancia fault, with other minor structures allows the opening for feeders and feeder type mineralization conduits and lentiform mantos that are similar those mapped in previous years along the Diva Trend.
Figure 3. Plan view showing location of the target Sombrero Blanco and the occurrences of copper oxides.
The Pilar Maria target is located within the area that historically has been called the Diva Trend, where mapping has been carried out at a scale of 1:2,000 covering approximately 180 ha, that hosts copper oxides and sulfides mineralization, with strong copper geochemical signatures. The rock geochemistry showed copper oxides grades up to Cu
Pilar Maria is also near the newly identified deep-seated Rumi Puka fault that intercepts the Diva structure.
These mapping results provide a broad framework of the geology, structure, and alteration and confirm the potential for significant copper mineralization. Two styles of mineralization have been recognized.
The first, copper oxides occurrences are linked to bands of strong potassic alteration with chalcopyrite. On surface, copper oxides are scattered throughout the area, consisting of malachite, brochantite, chrysocolla, and sporadically chalcocite, bornite (Figure 4). There is another group of copper oxides occurrences linked to the Diva fault.
The second style occurs in the propylitic alteration zone, where chalcopyrite is found in sporadic geodes or druses composed of calcite-epidote-chalcopyrite. Considering the geology, faults, geochemistry and occurrences of mineralization, three new targets have been defined: Maqui, Diva, and Apu.
Figure 4. Plan view showing location of the target Pilar Maria and the occurrences of copper oxides and sulfides.
La Estancia and Diva Trend boast significant exploration upside with several new high priority targets to be drill tested, mainly at Pampero and Pilar Maria where drilling activities are planned to start as early as December.
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 an 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 contents of 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: |
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, future planned drilling programs, prospectivity for copper exploration in new targets; expectations for joint ventures and/or strategic partnerships with respect to the Company's properties 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 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.
SOURCE: Camino Minerals Corp
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