{kanada_flagge}After what feels like an eternity, copper explorer Camino Minerals (TSXV:COR;FRA:XCO1) is finally able to drill again, venturing into bold step-out holes 1.4 kilometers from previous drilling at its Los Chapitos project in Peru. The company has just started core drilling on the recently approved Lourdes-Condori zones at its copper project near the coastal town of Chala in the department of Arequipa, Peru.
The shallow high-grade copper drill targets at Lourdes-Condori are located in areas where drilling has never been conducted before. The Company is targeting large-scale manto-style copper mineralization to potentially support resource delineation studies in other known copper zones at Los Chapitos. The drill area at Lourdes is located approximately 1.4 kilometers north of the Adriana Zone, a zone that has demonstrated continuous copper mineralization over significant intervals.
Chief Geologist Jose Bassan stated, “Isolated copper oxides have been exposed along a 175 meter road cut leading to our first drill target at the Lourdes Zone. The exposed mineralization appears similar to that of our Adriana zone.”
Newly opened access roads to the drill target at Lourdes show signs of copper oxidation along structures and in volcanic vesicles in breccias. Additional road construction is underway to provide access to two other targets at Condori and Gallinazo.
In addition to the Los Chapitos project, Camino owns the Maria Cecilia porphyry project, also in Peru. The permitting process is currently underway for a planned exploration drilling program at the project in 2022.
Bottom line: first came Covid, then the permitting process in Peru dragged on forever. The frustration of Camino investors can be seen in the decline of the share price, which actually briefly hit a low of CAD 0.04 in mid-May. After all, now that drilling is underway, the stock is back at CAD 0.075. It feels like a breath of fresh air for shareholders. On top of that, the step-out holes on the Lourdes Condori target on Los Chapitos are true greenfield exploration. With the results, anything is possible! On the plus side, Camino has a comparatively well-filled war chest. At the end of last year, the company still had CAD 4.5 million in its coffers. So there is money for activity.
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According to §34b WpHG and according to paragraph 48f paragraph 5 BörseG (Austria) we would like to point out that partners, authors and/or employees of GOLDINVEST Consulting GmbH may hold shares of Camino Corp. and therefore a conflict of interest could exist. We also cannot exclude that other stock letters, media or research firms discuss the stocks we discuss during the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, there is a consulting or other service contract between GOLDINVEST Consulting GmbH and Camino Corp., whereby a conflict of interest exists, especially since Camino Corp. remunerates GOLDINVEST Consulting GmbH for the reporting on Camino Corp. This is another conflict of interest.
