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Camino Granted Drilling Permit in Central Area of the Maria Cecilia Copper Gold Porphyry Complex in Peru
VANCOUVER, BC / ACCESSWIRE / September 12, 2022 / Camino Corp. (TSXV:COR) (OTC PINK:CAMZF)...
About this update from Camino Minerals Corporation
[{"type":"text","content":"Camino Granted Drilling Permit in Central Area of the Maria Cecilia Copper Gold Porphyry Complex in PeruVANCOUVER, BC / ACCESSWIRE / September 12, 2022 / Camino Corp. (TSXV:COR) (OTC PINK:CAMZF) (WKN:A116E1) (\"Camino\" or the \"Company\") is pleased to announce that it has received the Declaration of Environmental Impact permit (\"DIA Maria Cecilia\") that authorizes drilling of up to 23,000 metres on 20 platforms in the central porphyry of its Maria Cecilia copper project in Peru (\"Maria Cecilia\"). Approximately US $28 million has been invested at Maria Cecilia since 2012, including 32,120 metres of drilling between 2013 and 2015, resulting in the release of a maiden copper and gold resource in 2021 (see Maria Cecilia National Instrument 43-101 here). The Maria Cecilia intrusion and skarn exhibits the largest magnetic anomaly in the copper complex and is the central intrusion with the potential to host significant copper (Cu) and gold (Au) grades (see Figure 1 and 2 and fly-over video here).Highlights:Up to 6.7% Cu is Skarn Zone and up to 0.9% Cu in central Porphyry Zone at Maria Cecilia67 m @ 0.72% Cu, 0.16 g/t Au - historical intercept in northern epithermal (Toropunto)290 m @ 0.21% Cu and 0.24 g/t Au - historical intercept in southern porphyry (Emmanuel)Figure 1. Maria Cecilia Porphyry Complex and NI 43-101 Resources\"The Maria Cecilia porphyry complex is a new copper deposit with a maiden NI 43-101 copper resource that was in private hands until our acquisition in 2021\", said Jay Chmelauskas, CEO of Camino. \"We plan to drill the central portion of the complex for the first time to test for higher grades of copper and gold and to potentially extend the strike of copper mineralization over 4.5 km.\"The DIA Maria Cecilia was received from the General Directorate of Mining Environmental Affairs (DGAAM) of the Ministry of Energy and Mines (MEM). Camino has applied for its Start of Operations permit (which it expects to receive in the Fall of 2022); this is the final authorization to commence road construction, drilling pad preparation and core drilling.As part of the Company's continuous consultation process, in August 2022 the Company attended an assembly with the local community of Santa Rosa de Quikakayan to confirm the effective area of the DIA Maria Cecilia and to inform the community of the work to be carried out in t...