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About Camino Minerals Corporation
Camino Minerals Corporation (OTC PINK: CAMZF) is a discovery and development stage copper exploration company with a strategic focus on advancing high-quality copper assets in Peru and Chile. The company is actively involved in the exploration, development, and acquisition of copper projects that align with the increasing global demand for electrification and renewable energy infrastructure. Camino's diversified portfolio includes exploration-stage projects such as the Los Chapitos Copper Project and Maria Cecilia Copper Porphyry Project in Peru, as well as the construction-ready Puquios Copper Mine in Chile.
Core Business Areas
Camino’s operations are centered on three pillars:
- Exploration: Camino is advancing its flagship Los Chapitos project in Peru, where it has identified significant copper oxide and sulfide mineralization along the 12-kilometer La Estancia fault. The project is supported by a joint venture with Nittetsu Mining Co., Ltd., which has committed substantial funding to exploration activities.
- Development: The company is progressing the Maria Cecilia Copper Porphyry Project, a large-scale mineralized system with historical drilling and significant potential for copper, gold, and molybdenum resources.
- Acquisition: Camino has secured a definitive agreement to acquire the Puquios Copper Mine in Chile, a construction-ready asset with established infrastructure and permits, positioning it for near-term production and cash flow generation.
Strategic Positioning in the Copper Market
Camino operates in a competitive landscape characterized by increasing demand for copper, driven by its critical role in renewable energy, electric vehicles, and infrastructure projects. The company leverages its expertise in copper exploration and development to identify and advance high-potential projects. By focusing on regions with favorable mining jurisdictions like Peru and Chile, Camino minimizes geopolitical risks while capitalizing on the availability of high-grade mineral resources.
Partnerships and Collaborations
Camino has established a strong partnership with Nittetsu Mining Co., Ltd., a Japanese mining company with extensive experience in copper mining and processing. This collaboration not only provides financial support but also enhances Camino's technical capabilities, enabling it to accelerate exploration and development activities at Los Chapitos.
Commitment to Sustainability
Recognizing the importance of environmental, social, and governance (ESG) factors, Camino is committed to responsible mining practices. The company aims to contribute to the global energy transition by delivering copper resources that are essential for building a sustainable future.
Competitive Advantages
- Strategic Assets: A portfolio of high-grade copper projects in regions with established mining infrastructure.
- Experienced Leadership: A management team with a proven track record in exploration, development, and strategic acquisitions.
- Strong Partnerships: Collaboration with industry leaders like Nittetsu Mining Co., Ltd., providing financial and technical support.
- Market Positioning: Focus on copper, a metal critical for electrification and renewable energy, ensuring relevance in a rapidly evolving market.
Future Outlook
With its diversified portfolio and strategic focus, Camino Minerals Corporation is well-positioned to become a significant player in the copper industry. The company’s ongoing exploration at Los Chapitos, development of Maria Cecilia, and acquisition of the Puquios Copper Mine highlight its commitment to delivering long-term value to stakeholders.
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.
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.
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.
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.
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.
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.
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.
Camino Corp (OTC PINK:CAMZF) has announced a drilling agreement with AK Drilling International S.A. for a 1,500-metre exploration program at its Los Chapitos copper project in Peru. The drilling aims to explore high-grade copper targets in a newly permitted area, with mobilization scheduled for May 15, 2022. The new drill targets are located near oxidized copper outcrops, potentially extending previous mineralization reported along a significant fault trend. This initiative aligns with Camino's strategy to enhance its copper exploration capabilities.
Camino Corp. (OTC PINK:CAMZF) announced plans to begin road building and pad preparation for drill targets at its Los Chapitos copper project in Peru. The company has received necessary authorizations from the General Directorate of Mining to initiate activities, with drilling expected to start in May 2022. Key highlights include channel sample grades at Lourdes of up to 4.16% Cu and 26.9 ppm Ag, and at Condori, grades of 3.94% Cu and 24 ppm Ag. Los Chapitos spans 220 sq. km and shows significant potential for further discoveries.
Camino Corp. (OTC PINK:CAMZF) has received new drilling permits for its Los Chapitos copper project in Peru, allowing for 33 drill holes across 11 platforms. The Declaration of Environmental Impact permits target copper oxide zones at Lourdes and Condori, with significant channel sample grades up to 4.16% Cu and 26.9 ppm Ag at Lourdes. Field work has commenced, including mapping and core logging, with a focus on developing a 3D model for future resource estimates. The company anticipates additional permits for the Maria Cecilia project soon, potentially enhancing its copper exploration endeavors.