RCS - Camino Minerals Corp - Camino Announces High-Grade Copper at Los Chapitos

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RNS Number : 2424R  Camino Minerals Corporation  16 July 2025

Camino Announces High-Grade Copper, with Bornite, Trench Results of 90 Meters
at 1.07 % Copper including 4 Meters at 3.05% Copper in New Mirador Zone at Los
Chapitos in Peru

Appoints New CFO for the Copper Development Stage in Chile and Peru

VANCOUVER, BC / ACCESS Newswire (https://www.accessnewswire.com/) / July 16,
2025 / Camino Minerals Corporation (TSXV:COR)(OTC PINK:CAMZF) ("Camino" or the
"Company") is pleased to announce high‐grade copper trench results from the
Mirador prospect located in the Diva trend, one of several prospective targets
at the Company's Los Chapitos Copper Project ("Los Chapitos" or the "Project")
in Peru. The new mineralized body identified at Mirador could represent the
northwesterly continuation of the Adriana mineralized copper zone where over
20,000 meters of drilling has been completed. There are clear lithological,
mineralogical, and structural similarities observed at Adriana, Mirador, and
Katty that share the same structural control across the Diva trend fault.
Importantly, this primary and oxide copper surface exposure mineralization is
within intrusive, potential source rocks, that typically underlay the volcanic
Chocolate Formation. The package of volcanic Chocolate formation above
exhibits more copper oxide manto style mineralization that may extend to the
east and to depth (Figure 1). Camino is taking more samples and opening the
ground with bulldozers to expose more bedrock, leading to more assay results
in the coming weeks. A planned drilling campaign is likely to commence in
September 2025. High-grade copper with bornite trench results are summarized
in Table 1.

This discovery reinforces the view that Adriana and the discovery drillholes
previously announced are part of a structurally connected and open system
along several mineralized corridors including the Diva, La Estancia, and Atajo
trends.

Highlights:

·      New channel results: 90meters @ 1.07 % Cu and 20.98 ppm
Agincluding:

o  4 meters @ 3.05 % Cu and 86.55 ppm Ag

o  7 meters @ 2.05% Cu and 27.11 ppm Ag

o  7 meters @ 1.72% Cu and 51.66 ppm Ag

o  8 meters @ 1.53% Cu and 32.40 ppm Ag

o  19 meters @ 1.26% Cu and 16.71 ppm Ag

·      Copper mineralization is associated with copper oxide and
sulfides hosted in intrusive rocks (monzodiorite).

·      Trench sampling is located along the established Diva trend
copper corridor.

·      Strong positive correlation between copper and silver
mineralization.

·      Prioritize targets at Mirador, Katty, Diana and Lourdes, with
more results in the coming weeks, leading into a Fall drilling program.

·      Sombrero Blanco copper target along La Estancia trend planned for
drilling next semester, once certain permits received.

"The high-grade Mirador target has nice showings of bornite, adding to its
high-grade results of 90 m at 1.07% Cu, including grades over 3% Cu. The
mineralization is within intrusives, which could be the source mineralizing
rock for all the copper at Los Chapitos. With a package of Chocolate volcanic
rocks above this outcrop, it appears that the successful Adriana zone, could
potentially be repeating itself. The recent 1:2000 scale mapping approach with
Nittetsu has yielded key new targets," said Jose Bassan, consulting geologist.

"We expect to provide more results in the coming weeks leading up to our next
drilling campaign, planned to start in September 2025," said Jay Chmelauskas,
CEO of Camino. "Camino is expanding the discovery potential around the main
Adriana zone with these new high-grade copper results from the Mirador zone to
the north and the Katty zone to the south (see news release dated June 17,
2025) (https://pr.report/ccie) along the Diva trend. In addition, the Sombrero
Blanco target along the La Estancia copper trend is another target that
provides compelling upcoming district-scale exploration drilling at Los
Chapitos."

Figure 1. Potential Extension of Adriana Copper Mineralization at Mirador and
Katty
(https://app.accessnewswire.com/imagelibrary/9cb9a666-0581-43bb-87c2-ddfbedd22c46/1049166/camino-img1-07162025.jpg)

Los Chapitos is Camino's second copper project with partner Nittetsu Mining
Co, Ltd. ("Nittetsu"), which can earn a 35% interest in Los Chapitos once it
completes a total investment of CDN$10 Million (see news release dated June
14, 2023 (https://pr.report/ccif) ). Rio Tinto, a major copper producer,
recently staked claims adjacent to Los Chapitos (see news release dated May
17, 2024 (https://pr.report/ccig) ). Camino is also advancing its mine
development project, the Puquios Copper Project, with Nittetsu in Chile (see
news release dated April 17, 2025).

Corporate Update

The Company is further pleased to announce the appointment of Mr. Shawn
Turkington, CPA (CA), as Chief Financial Officer of Camino, effective as of
August 1, 2025. Mr. Turkington is a senior finance executive with extensive
experience in financial reporting, corporate finance, restructuring, and
strategic advisory. He has held senior roles as CFO, in both public and
private companies, guiding organizations through complex financial
transformations, governance enhancements, and capital market transactions.
With experience in Latin America, including Chile and Peru, Mr. Turkington
brings valuable insights into stakeholder engagement, financial reporting and
corporate finance to advance Camino's growth strategy.

Mr. Turkington will succeed Mr. David Baker, who will be stepping down as
Chief Financial Officer of Camino effective August 1, 2025. Camino would like
to thank Mr. David Baker for his valuable contributions and dedication to
guiding the Company through the acquisition of the Puquios Copper Project in
Chile. We appreciate his efforts and wish him continued success in his future
endeavours.

Technical Work

The Company is in the advanced planning stage for an upcoming drilling
campaign to prioritize drilling at Mirador, Katty, Lourdes, and Diana Zones of
known copper mineralization. This new program aims to define the geometry and
continuity of the mineralized system at depth and validate the high-grade
copper and silver results observed at surface.

Recent geological mapping at a scale of 1:2,000 at the Mirador target has
identified a new zone with copper and silver mineralization, composed of
oxides such as malachite, chrysocolla and atacamite, as well as mixed
associations with primary or secondary sulfides, highlighting the presence of
bornite.

This mineralization is hosted in intrusive rocks of Monzodiorite composition,
with predominantly chlorotic alteration, with a potassic background, related
to a calcite-quartz-chlorite mineralogical assemblage. This is similar
dioritic rock that is seen in the clasts of the high-grade breccias that act
as feeders for disseminated manto mineralization. The mineralization style is
Cu-Ag vein-shaped and within the Diva trend fault, an important structure that
acts as the main conduit for the emplacement of mineralizing fluids.

Table 1. Summary of the trench sampling in the Mirador Zone, direction NW-N
and best intercepts of copper and silver (see the Figure 4, left)
(https://app.accessnewswire.com/imagelibrary/a2a9961e-9418-4df3-bbf4-dd7cb066576b/1049166/camino-tab1-07162025.png)

 

Figure 2. 90-meter trench at Mirador with representative samples obtained each
meter resulting with high-grades of copper including bornite and associated
silver.
(https://app.accessnewswire.com/imagelibrary/c2128cd2-9940-4611-a5be-623afa759aa0/1049166/camino-img2-07162025.png)

 

Figure 3. Location of the main exploration targets at Los Chapitos (Mirador
highlighted in green).
(https://app.accessnewswire.com/imagelibrary/9aede2e3-3c0f-4fa7-823c-3c2b2ab38eae/1049166/camino-img3-07162025.jpg)

The copper oxide mineralization at the Mirador target extends over an apparent
surface area of approximately 400 x 650 meters. The area features colluvial
deposit cover interspersed with outcrops of copper oxide mineralization, which
may also suggest the continuity of the orebody above the trench and at depth
(Figure 1).

The structural continuity between Mirador, Adriana, and Katty suggests the
existence of a district-scale mineralized system, which increases the
exploration potential and size of the Los Chapitos project (Figure 4).

 

Figure 4.Geological map of the Mirador trench and copper target with Adriana
and Katty Zones
(https://app.accessnewswire.com/imagelibrary/881ecd59-d4fc-4af8-848f-d521158d497c/1049166/camino-img4-07162025.png)

The drilling target expressed in this release is conceptual in nature. The
target has had insufficient exploration to define a mineral resource, and it
is uncertain if further exploration will result in the exploration target
being delineated as a mineral resource.

Notes on sampling

Industry standard chain of custody and QA/QC practices are followed with
samples sent to Lima where they are analyzed by ICP-MS at ALS Chemex Labs'
facility.

The final coordinates (East, North, Elevation, metric) taken to record the
sample points were done with the GPS model (GPS MAP 64).

Channel samples are continuous samples collected with hammer and chisel over 1
to 2-meter intervals.

In areas of sporadic outcrop, samples are taken as semi‐continuous rock
chips therefore the samples are representative of the outcrop and
non‐selective. Samples were bagged and labelled in the field. Samples were
sent to ALS laboratory in Lima.

About Camino

Camino is a discovery and development stage copper exploration company. On
October 7, 2024, Camino signed a Definitive Agreement to purchase the
construction-ready Puquios copper mine in Chile with Nittetsu Mining. Camino
is focused on developing copper producing assets such as Puquios, and
advancing its IOCG Los Chapitos copper project located in Peru through to
resource delineation and development, and to add new discoveries. Camino has
also permitted the Maria Cecilia copper porphyry project for exploration
discovery drilling to add to its NI43-101 resources. In addition, Camino has
increased its land position at its copper and silver Plata Dorada project.
Camino 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
www.caminocorp.com (https://pr.report/ccih) .

Jose A. Bassan, MSc. Geologist, an independent geologist FAusIMM (CP) 227922,
a qualified person as defined by National Instrument 43-101 - Standards of
Disclosure for Mineral Projects, has reviewed and approved the technical
contents of this release. Mr. Bassan has reviewed and verified relevant data
supporting the technical disclosure, including sampling and analytical test
data.

 ON BEHALF OF THE BOARD  For further information, please contact:

Camino Investor Relations

/S/ "Jay Chmelauskas"
info@caminocorp.com

President and CEO
Tel: (604) 493-2058

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.

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, without
limitation, statements with respect to the prospectivity of future exploration
work at Los Chapitos, future planned drilling programs, expectations with
respect to mineralized systems and corridors, and prospectivity for copper
exploration in new targets. 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 may be different than
those expected by management, that the Company may not realize the benefits of
joint ventures and/or strategic partnerships with respect to the Company's
properties, that the Company may be unable to obtain or may experience delays
in obtaining any required authorizations and 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.

SOURCE: Camino Minerals Corp

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