Vancouver, May 26, 2022 – Camino Corp. (TSXV: COR) (OTC: CAMZF) (WKN: A116E1) (“Camino” or the “Company”) is pleased to announce that core drilling has commenced at the newly permitted Lourdes-Condori zones at its Los Chapitos copper project near the coastal town of Chala in Arequipa Department, Peru (“Los Chapitos”). Near-surface high-grade copper drill targets at Lourdes-Condori are located in permitted areas that have never been drilled. The Company is targeting bulk-scale manto-style copper mineralization to potentially support resource delineation studies at other known copper zones at Los Chapitos.
Chief Geologist Jose Bassan said, “copper oxides have been exposed intermittently along a 175-metre road cut that leads to our first drill target at the Lourdes zone. The exposed mineralization appears to be similar to that of our Adriana zone.”
A video explaining the recent copper mineralization exposed in road cuts can be viewed in Video 2 of Exploration Series.
“The very few new copper discoveries made globally over the past ten years have mostly been made at older, known deposits and existing mines,” said Jay Chmelauskas, CEO of Camino. “We are stepping out and drilling new greenfield copper targets that, if successful, would be positive for the copper market as a whole, and for Camino shareholders.”
Newly opened access road cuts to the proposed drilling target at Lourdes show evidence of copper oxidation along structures and in volcanic vesicles in Breccia and Chocolate Formation volcanics (see Figure 1). The proposed Lourdes drilling area is located approximately 1.4 km north of the Adriana zone, a zone that has demonstrated continuous copper mineralization over significant intercepts (see Video 1 of Exploration Series). Additional road construction is underway to provide access to two other copper target areas at Condori and Gallinazo (see Figure 2).
Figure 1. Oxidized copper showings along new road cut to drill pad.
Figure 2. Lourdes, Gallinazo and Condori 2022 drilling targets.
About Camino Minerals Corporation
Camino is a discovery and development stage copper exploration company. The Company is focused on advancing its high-grade Los Chapitos copper project located in Peru towards potential resource delineation and new discoveries. Camino is also permitting its acquired Maria Cecilia copper porphyry project towards a planned exploration drilling program in 2022. In addition, the Company has increased its land position at its copper and silver Plata Dorada project. The Company 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 Bassan MAusIMM (CP) 227922, MSc. Geologist, a Qualified Person as defined by NI 43-101, 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: |
| /S/ “Jay Chmelauskas” | Camino Investor Relations |
| President and CEO | info@caminocorp.com |
| 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.
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 completion and results of the drill program at Los Chapitos, including the prospectivity of the oxidized copper exposed at the Lourdes-Condori Zones. 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 will be different than those expected by management, that the Company will be unable to obtain or will experience delays in obtaining any required 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.
