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Camino Minerals Corp (CAMZF) is a copper exploration company focused on advancing its Los Chapitos copper project in Peru through resource delineation and new discoveries. The company recently commenced road building and drilling at its Maria Cecilia copper porphyry project. With over 30,000 meters of historical drilling at adjacent projects, Maria Cecilia offers a significant opportunity for a new copper discovery. Camino aims to drill up to two 750-meter holes to intercept a substantial magnetic anomaly and discover ore-grade copper mineralization.
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Camino Minerals Corporation (TSXV:COR)(OTC:CAMZF) (WKN:A116E1) has granted incentive stock options to various directors, officers, employees, and consultants to purchase up to 4,950,000 common shares of the Company on or before December 22, 2028, at an exercise price of $0.10 per share. This comes after a two-year hiatus since September 2021. The CEO, Jay Chmelauskas, stated that the issuance of new incentive stock options is to drive value and align with shareholders after a successful transaction and earn-in with partner Nittetsu Mining in 2023, and prior to commencing drilling campaigns at both the Los Chapitos and Maria Cecilia copper properties.
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Camino Minerals Corporation (TSXV:COR)(OTC PINK:CAMZF) (WKN: A116E1) has successfully closed a non-brokered fully-subscribed private placement for gross proceeds of $2,000,000. The company plans to use the funds for drilling activities at the Maria Cecilia porphyry complex, corporate working capital, and business development. Two drilling campaigns are scheduled in Peru for the first half of 2024 at the Los Chapitos IOCG and Maria Cecilia porphyry copper properties. The Financing consisted of 33,333,334 units at a price per unit of $0.06.
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Camino Minerals Corporation (TSXV:COR)(OTC PINK:CAMZF)(WKN:A116E1) has entered into a contract with Geotecnica Y Construcciones Del Peru S.A.C. to complete 2,000 meters of core drilling at its Los Chapitos Copper Project in Peru. The drilling campaign, fully funded through a CAD$1.5 million earn-in payment by Camino's exploration partner, Nittetsu Mining Co., Ltd., is expected to commence on December 22, 2023. The company aims to make new discoveries and potentially expand known copper mineralized zones at the property, part of a major IOCG copper system.
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Camino Minerals Corporation (COR) announces a non-brokered private placement to raise up to CAD$2,000,000 through the issue of 33,333,334 units at CAD$0.06 per unit. The funds will be used for drilling activities at the Maria Cecilia porphyry complex and for corporate working capital and business development activities. The company has received commitments from executive management, directors, and existing shareholders. The securities issued will be subject to a hold period expiring four months and one day from their date of issuance.
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Camino Minerals Corporation (COR) receives CAD$1.5 million confirmation from Nittetsu Mining Co. for the next phase of exploration at the Los Chapitos Copper Project in Peru.
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Camino Corp. (TSXV:COR)(OTC PINK:CAMZF)(WKN:A116E1) reports that Rio Tinto has staked copper claims adjacent to its Los Chapitos Copper Project in Peru, while Camino has increased its claims by 1,000 hectares. The company also identified the La Estancia Fault and plans a new drilling campaign in December. With Rio Tinto and South32's presence, the district is gaining attention.
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Camino Corp. and Nittetsu Mining Co. have identified the La Estancia fault, a deep-seated fault structure, at the Los Chapitos Copper Project. The fault extends for 12 kilometers and has implications for copper mineralization. Camino is conducting geological mapping for a drilling campaign starting in December.
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Camino Corp. receives Start-of-Activities authorizations for Los Chapitos copper project in Peru.
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Camino Corp. has received approval of the Evaluation of the Environmental Impact Study for the Los Chapitos Copper Project. The expanded permit allows for significant copper exploration over new areas of known copper mineralization with exploration partner Nittetsu Mining.
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FAQ
What is the current stock price of CAMINO MINERALS (CAMZF)?
The current stock price of CAMINO MINERALS (CAMZF) is $0.03765 as of October 15, 2024.
What is the market cap of CAMINO MINERALS (CAMZF)?
The market cap of CAMINO MINERALS (CAMZF) is approximately 7.6M.
What type of company is Camino Minerals Corp?
Camino Minerals Corp is a copper exploration company focused on advancing its projects through resource delineation and new discoveries.
Where is the Maria Cecilia copper porphyry project located?
The Maria Cecilia project is located in Peru, in the Cordillera Negra mountain range in the Andes at an elevation of 4,300 meters.
What is the current focus of Camino Minerals Corp?
The current focus of Camino Minerals Corp is on drilling at the Maria Cecilia project to discover copper mineralization and estimate zonation in the porphyry stock for follow-up drilling.
What are the key highlights of Camino's recent drilling campaign?
The recent drilling campaign aimed to explore new zones of oxide copper mineralization at Diana and Lourdes zones and achieved success in identifying high-grade copper areas.
Who is Camino's exploration partner for the Los Chapitos Copper Project?
Nittetsu Mining CO., Ltd. is the exploration partner for Camino's Los Chapitos Copper Project and has made significant investments in the project.
CAMINO MINERALS CORP
OTC:CAMZF
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163.21M
5.81%
14.08%
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