Los Chapitos

Technical Report

Deposit Type

The Los Chapitos project represents a style of deposit known as IOCG (Iron Oxide-Copper-Gold) that extends down the Peruvian coast into Chile and includes such deposits as Mina Justa (Peru), Mantos Blancos (Chile), and La Candelaria (Chile), to name but a few. IOCG deposits are particularly attractive exploration targets due to their high grades and frequent coproduct metals (gold and silver).

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Exploration and Discovery

The Company optioned Los Chapitos in 2016 and now owns 100% of an expanded tenement area totalling approximately 22,000 hectares. Exploration and drilling focused on the Adriana and Atajo zones began in 2017. A total of 19,161m of diamond and RC drilling were carried out on the project. The 2017/18 campaign was highly successful in identifying near-surface oxide copper manto and deeper structurally controlled high-grade sulphide mineralization.

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Our Location

The Los Chapitos project is located just 15km from the coastal town of Chala with access to water, power, and a major road network.

There is a ready supply of semiskilled labour and the project is just eight hours by road from the Peruvian capital, Lima.

What We Are Doing

Camino began compiling data to highlight areas of interest ahead of our 2020 exploration campaign to test near surface oxide and at depth high grade sulphide mineralization at the Adriana zone.

This included mapping and analysing channel samples at the Olga zone (24 m @ 0.56% Cu), and mapping and analysing samples and alteration to the northwest, along the Diva Trend, at the Lourdes and Condori zones to identify new discovery drilling targets.

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