Core Insights - Camino Minerals Corporation is set to commence a drilling campaign at its Los Chapitos copper project in Peru, which has been identified as one of the top 15 priority exploration projects by Peru's Ministry of Energy and Mines [1][12]. Company Update - The drilling campaign will focus on discovering new copper-silver deposits in undrilled targets such as Mirador, Piloto, Maqui, and Sombrero Blanco, as well as extending known mineralization in previously drilled zones like Adriana, Lourdes, and Katty (Enjambre) [1][4]. - The project is a collaboration with Nittetsu Mining Co., Ltd., which is earning a 35% interest through a total investment of CDN$10 million [3]. - Recent trenching results have shown significant copper and silver values across various targets, with notable intersections such as 129m at 0.98% Cu and 20.59 ppm Ag at Mirador [4]. Drilling Campaign Details - The drilling program is scheduled to begin in the first week of November 2025, starting with approximately 9 drill holes totaling 1,200 meters, with plans to expand to over 3,000 meters following a subsequent investment tranche from Nittetsu [7][10]. - The drilling targets are located along the Diva and La Estancia trends, where previous exploration has indicated high-grade copper potential [8][9]. Strategic Importance - Los Chapitos has been recognized by the Peruvian government as part of the national "Perú Explora" initiative aimed at advancing strategic mineral exploration [5][12]. - The project benefits from strategic location advantages, including road access and proximity to the Pacific coast, which are crucial for future development [10]. Future Plans - Camino is also advancing its construction-ready Puquios copper project in Chile, indicating a broader strategy to develop multiple copper assets [3][14].
Camino to Commence Drilling at its Los Chapitos Copper Project in Peru; Peru's Ministry of Energy and Mines Names Los Chapitos Among Top 15 Priority Exploration Projects
Accessnewswire·2025-10-15 10:00