Camino Commences Drill Pad Construction Ahead of Discovery Drilling at the Maria Cecilia Porphyry in Peru
VANCOUVER, BC / ACCESSWIRE / April 3, 2024 / Camino Minerals Corporation (TSXV:COR)(OTC PINK:CAMZF)(WKN:A116E1) ("Camino" or the "Company") is pleased to announce that it has commenced road building and drilling pad construction at its wholly-owned …
VANCOUVER, BC / ACCESSWIRE / April 3, 2024 / Camino Minerals Corporation (TSXV:COR)(OTC PINK:CAMZF)(WKN:A116E1) ("Camino" or the "Company") is pleased to announce that it has commenced road building and drilling pad construction at its wholly-owned Maria Cecilia copper porphyry project ("Maria Cecilia" or the "Project") in Peru. Activities started at the end of March, with drilling to commence by the end of April 2024. Approximately 6 kilometers of roads will be constructed to connect to the existing road network in the area. The Maria Cecilia project is located in the Cordillera Negra mountain range in the Andes at an elevation of 4,300 metres; approximately a 3 hour drive from the nearest mining-supported town of Caraz.
Please see our Maria Cecilia site visit video "Maria Cecilia Project - Where Does Copper Come From?" by Camino CEO, Jay Chmelauskas.
"The drilling program that starts in April at Maria Cecilia provides a chance to make a new copper discovery on a project that has seen over 30,000 metres of historical drilling. Over USD $28 million has been invested in the adjacent projects, defining resources of copper and gold mineralization, but the central porphyry target on our project has never been drilled," said Camino CEO, Jay Chmelauskas. "It is a bold drilling strategy, but one where multiple pulses of mineralization provide a sizable, rare, and quality opportunity to make a copper discovery."
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The Maria Cecilia complex is a mineralized system of intrusives that extends for over 5 km and hosts the mineral resources of Toropunto, Emmanuel, and the undrilled central porphyry target, Maria Cecilia. The Maria Cecilia target, exhibits the largest magnetic anomaly in the porphyry complex. Camino intends to drill up to two 750 meter holes to intercept a significant magnetic anomaly with the potential to host a robust mineralized porphyry system (Figure 1). Molybdenum has been encountered during previous exploration immediately adjacent to Maria Cecilia, that zonation models indicate potential proximity to a copper source. The proposed drilling program aims to discover ore-grade copper mineralization and associated minerals within the host rocks. This package of rocks is believed to have the potential to host significant mineral deposits characteristic of large-scale porphyry-style mineralization.