Vancouver, British Columbia--(Newsfile Corp. - July 9, 2020) - Camino Corp. (TSXV: COR) (OTC PINK: CAMZF) (WKN: A116E1) ("Camino" or the "Company") is pleased to announce that Camino has received authorization from the Ministry of Energy and Mines to start drilling and other exploration activities at its Los Chapitos project. Next week, Camino's Peruvian based geological team will begin mapping, sampling and refining targets for the planned drilling program in September. Additionally, Camino has received final authorization from the General Directorate of Mining (DGM) of the Ministry of Energy and Mines, which authorizes the company to start the activities defined in its Environmental Impact Assessment (EIA) that has been approved by the General Direction of Mining Environmental Affairs (DGAAM). The approval will allow Camino to test copper mineralization and develop drilling platforms along an approximate 5 km mineralized trend. Camino has also submitted and received approval by the Ministry of Health, its Covid-19 Surveillance, Prevention and Control Plan as required to restart. The Company expects to have up to ten personnel at the project in July and August and has modified its travel, work and accommodation procedures to implement its COVID-19 operating policy.
"I believe that we are one of the first junior exploration companies to commence exploration activities in Peru since the onset of COVID-19 restrictions. With our Peruvian based team, we will proceed in a cautious and measured way following our COVID-19 policies to continue our copper discovery efforts at Los Chapitos in a safe manner," said Jay Chmelauskas, President & CEO. "Our geologists will be mapping drill targets, particularly new copper mineralization identified along trend to the south of the maiden drill program in 2017/18 to drill this September. Our vision is to expand the known areas of copper mineralization, target new areas of mineralization, and begin to determine the size of the copper system at Los Chapitos."
Figure 1. EIA Permitted Drilling Area, Copper Geochemistry and Target Areas
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"In addition to the testing the extension of known mineralization discovered in the 2017/18 drill campaign, detailed geological analysis and interpretation has identified another 4 areas of disseminated, potential manto mineralization within our 900 Hectare EIA permit. One of the main goals of this current field program is to prioritize these untested targets," said Owen Miller, the Company's Exploration Manager in Peru.
About Camino 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. 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 .
Owen D. W Miller, Ph.D FAusIMM(CP) a Qualified Person as defined by NI 43-101, has reviewed and approved the technical contents of this document.
ON BEHALF OF THE BOARD
/S/ "Jay Chmelauskas"
President and CEO
For further information, please contact:
Camino Investor Relations
Tel: (604) 608-4513
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 prospectivity of the project for future exploration, drilling planned on the Los Chapitos copper project in September and that actual results of exploration and engineering activities are consistent with management's expectations. 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.
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.
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