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CAMINO MINERALS CORP - CAMZF STOCK NEWS

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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 Corp. has entered into a Definitive Agreement with Nittetsu Mining Co., Ltd. for its Los Chapitos copper exploration project in Peru. Nittetsu can earn a 35% interest in the Project by making payments and expenditures totaling CAD $10,100,000 over three years. After the earn-in period, the Project will become a Joint Venture, with Camino holding a 65% interest.
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Camino Corp. (OTC PINK:CAMZF) announced on March 14, 2023, its second annual Environmental and Social Governance (ESG) submission with Digbee Ltd. The 2022 submission received a "BB" rating, an improvement from its previous year's rating. Notably, the Los Chapitos copper project achieved a "BBB" score, up from "BB." CEO Jay Chmelauskas emphasized that these ESG initiatives support business development and exploration activities in Peru. The company aims to enhance its ESG practices based on independent evaluations from Digbee. Camino is committed to responsible mining and continues to advance its copper projects amid a growing demand for copper in a sustainable economy.

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Camino Corp. (TSXV:COR, OTC PINK:CAMZF) has identified the Diana Zone as a new drilling target at its Los Chapitos copper project in Peru. Previous sampling showed 1.05% total copper and 14 ppm silver over 56 meters. The company anticipates an expansion of its EIA drilling permit in Q2 2023, increasing its coverage to 6,012 hectares. The Diana Zone is strategically positioned near existing targets and shows similar geology to prior discoveries at the Lourdes Zone. CEO Jay Chmelauskas highlighted the potential for significant copper mantos in this new area, leveraging geological similarities to successful past drilling campaigns.

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Camino Corp. (TSXV:COR)(OTC PINK:CAMZF) has announced a non-binding Letter of Intent with Nittetsu Mining Co., Ltd. for a partnership in its Los Chapitos copper project in Peru. Nittetsu can obtain a 35% interest by investing CAD $10.1 million over three years, which will support exploration and studies. Initial payments include CAD $100,000 for exclusivity and CAD $1 million upon signing a Definitive Agreement by April 2023. Camino will continue as the project operator. The Los Chapitos Project is located in a promising IOCG belt, adjacent to significant mines, highlighting its potential in the copper market.

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Camino Corp. (OTC PINK:CAMZF) announced promising results from the Lourdes Zone at its Los Chapitos property in Peru, revealing high solubility rates in copper oxide minerals from drillholes DCH-97 (83% acid solubility, 92% total solubility) and DCH-80 (79% acid solubility, 87% total solubility). These results confirm the continuity of mineralization to depths of at least 100 meters. The findings strengthen the feasibility of establishing a copper oxide heap-leach mine, aligning with the company’s development strategy.

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Camino Corp. (OTC PINK: CAMZF) announced the receipt of the Declaration of Environmental Impact permit for its Maria Cecilia copper project in Peru, allowing drilling of up to 23,000 metres on 20 platforms. Since 2012, the project has received around US $28 million in investments, including a maiden copper and gold resource unveiled in 2021. Historical drilling has reported grades of up to 6.7% Cu and a significant magnetic anomaly in the region. The company is now seeking its Start of Operations permit to begin preparations for drilling.

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Camino Corp. (TSXV:COR)(OTC PINK:CAMZF) announced the final results of its 2022 drilling campaign at the Los Chapitos copper project. The campaign identified several new satellite areas with promising copper and silver mineralization, achieving a total of 1,513 meters drilled. Key yields include 55.5m at 0.93% Cu from surface. The company believes it is nearing the tonnage required for a small-scale mining operation and plans to continue exploration as permits are acquired. The findings bolster potential for expanding copper resources at Los Chapitos.

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Camino Corp. (OTC PINK: CAMZF) announced promising drill results from the Los Chapitos copper project in Peru. Initial drilling at the Lourdes zone revealed a significant high-grade intercept of 1.23% oxidized copper over 31 meters. The current drilling campaign is set for 1,500 meters completion by mid-July, with final results expected in September. Additional exploration potential exists in connecting with the Diana zone, enhancing the project's scope. The company aims to expand exploration areas significantly pending environmental approvals.

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Camino Corp. (OTC PINK:CAMZF) has successfully completed the first phase of its Spring 2022 drilling campaign at the Lourdes zone of its Los Chapitos copper project in Peru. The campaign involved three drillholes, with mineralization observed in two. The drillholes are being prepared for assaying, with results expected by late June or early July 2022. The company plans to proceed to the Condori zone for further exploration, aiming to enhance its copper resources.

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Camino Corp. (TSXV:COR)(OTC PINK:CAMZF) has begun core drilling at the newly permitted Lourdes-Condori zones of its Los Chapitos copper project in Peru. These drill targets are located in previously undrilled areas and aim to identify bulk-scale copper mineralization that may support resource studies. Chief Geologist Jose Bassan noted the discovery of copper oxides along a road cut leading to the Lourdes zone, suggesting similar characteristics to the Adriana zone. CEO Jay Chmelauskas emphasized the potential positive impact on the copper market and Camino shareholders.

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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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7.57M
163.21M
5.81%
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