Camino Minerals Corp said it has received additional drilling permits at its Los Chapitos copper project in Peru.
The General Directorate of Mining Environmental Affairs (DGAAM) of the Ministry of Energy and Mines (MEM) for the Declaration of Environmental Impact (DIA Lourdes) environmental instrument had granted approval.
Camino said the instrument allows for 33 drill holes distributed on 11 platforms, 9.6 kilometers (km) of access roads, and two water storage ponds.
READ: Camino unveils district-scale Manto-style copper oxides with sulphide mineralization potential at its Los Chapitos project in Peru
"The new permit at Los Chapitos opens up drilling targets at two new copper oxidized zones: the breccia zone at Condori and a copper manto zone at Lourdes. The manto mineralization has similar characteristics to the discovery drill hole that was made at the Adriana outcrop in 2017," said Camino CEO Jay Chmelauskas in a statement.
"We expect a similar drilling permit DIA approval at our new Maria Cecilia copper porphyry project in the coming weeks. This will provide the ability for Camino to prioritize drilling at the beginning of 2022 at two world-class copper exploration projects. We are preparing our Maria Cecilia porphyry project as our next drilling campaign at Camino. We have also been very active with our business development efforts towards our goal of creating a diversified copper producer and platform at Camino."
Camino's chief geologist Jose Bassan added: "The mineralization at Chapitos is structurally controlled and we are finding more controlling structures with copper mineralization along the main Diva fault. The new permitted oxidized copper zones at Lourdes and Condori have the potential for bulk tonnage manto-style intercepts similar to previous drilling at Adriana."
Highlights of the project include:
- Permits received for additional drilling at the Lourdes and Condori copper oxide zones.
- Lourdes manto grades up to 4.16% copper (Cu) and 26.9ppm silver (Ag) in channel samples.
- Condori breccia grades up to 3.94% Cu and 24ppm Ag in artisanal mining samples.
- Los Chapitos is a 220 square-km project with multiple-permitted areas along the 8 km mineralized Diva Trend; other trends include Atajo and Lagunillas providing district-scale copper exploration potential.
- Field work consisting of additional mapping, topographic survey, and core logging has commenced in January 2022.
- Analysis of mineralization at the Adriana copper zone has advanced, combining the 3D lithological, alteration, and mineral zone models to form the basis of a future resource estimate.
Contact the author: patrick@proactiveinvestors.com
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