Camino Corp announced that it plans to start road building and pad preparation at its drill targets next week at its Los Chapitos copper project in Peru.
The company said it has now received authorizations from the General Directorate of Mining (DGM) of the Ministry of Energy and Mines, which authorizes it to start activities. Camino expects to start drilling in May, 2022.
"Our drilling will test new areas to the north along the 8 km mineralized copper trend characterized by historical high-grade copper and silver artisanal mining activities," said Camino CEO Jay Chmelauskas in a statement.
READ: Camino Minerals says granted drill permits to target high-grade, near-surface copper mineralization at Los Chapitos in Peru
"We see district-scale property potential at Los Chapitos with many copper outcrops and bulk tonnage manto-style showings in the newly permitted areas. Our drill targeting, which is based on geophysics, field work, and geochemical analysis, is designed to step out several kilometres from previous drilling to find new zones of copper mineralization," Chmelauskas added.
Highlights of the company’s plans include:
- Start of Activities permit received to commence earthworks at Los Chapitos.
- Lourdes Target-manto grades up to 4.16% copper (Cu) and 26.9 parts per million (ppm) silver (Ag) in channel samples.
- Condori Target-breccia grades up to 3.94% Cu and 24 ppm Ag in artisanal mining samples.
The new drill targets at Lourdes and Condori show green copper oxides filling the breccia matrix as well as joints and faults visible at surface, the company said.
The Lourdes target mineralization grades of up to 4.16% Cu and 26.9 ppm Ag were found in channel sampling intervals of 1.3 to 2 metres (m). The manto mineralization in Lourdes is coincident with regional stratigraphy of the Chocolate Formation and very well defined in the Lourdes zone. The Condori target is structurally controlled like a feeder type breccia filled by malachite, chrysocolla with rock sample grades up to 3.94% Cu and 24ppm Ag that was previously mined by artisanal miners.
Los Chapitos is a 220 square kilometer (sq km) project with multiple-permitted areas along the 8 kilometers mineralized Diva Trend, with 22,888m of drilling completed to date.
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