Vancouver, June 6, 2022 – Camino Corp. (TSXV: COR) (OTC: CAMZF) (WKN: A116E1) (“Camino” or the “Company”) is pleased to announce that it has completed the first phase of the Spring 2022 drilling campaign consisting of three drillholes at the Lourdes zone at its Los Chapitos copper exploration project in Peru (“Los Chapitos” or the “Project”). Mineralization has been visually observed in two of three drillholes. The drillholes have been logged and split and will arrive at the laboratory in Lima for assaying this week, with results expected in late June or early July 2022. The drilling rig has been mobilized to the next exploration target at the Condori zone and will then complete the drilling campaign at the Gallinazo zone (see Figure 1).
Chief Geologist Jose Bassan said, “We met our objective of identifying additional copper oxide and sulphide mineralization in the first drillholes at the Lourdes zone. The assay results will enable us to assess and determine a follow up strategy at Lourdes. We will now continue with our plan to test the copper zones at Condori and Gallinazo.”
Picture 1. Rock containing oxidized copper uncovered during road construction at Lourdes Zone
“We are drilling in an entirely new permitted area comprised of three main zones identified with copper oxide outcrops at surface,” said Jay Chmelauskas, CEO of Camino. “Our main objective is to test new areas to add additional shallow copper oxide tonnage to the known copper zones at Adriana (see Figure 2 and news release dated January 19, 2021).”
Figure 1. Plan map of drilling at Lourdes
Figure 2. Location of New Permitted Areas for Lourdes, Condori and Gallinazo
Figure 3. Location Map of the Los Chapitos Copper Project along the coastline of Peru
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 through to resource delineation and to add new discoveries. Camino is also permitting the 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 CEOfirstname.lastname@example.org|
|Tel: (604) 493-2058|
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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.