Business
Camino to Commence Field Work on its 100% Owned High Grade Copper Silver Project, Plata Dorada
Vancouver, British Columbia--(Newsfile Corp. - September 21, 2020) - Camino Corp. (TSXV: COR) (OTCQB: CAMZF) (WKN: A116E1) ("Camino" or the "Company") is please
About this update from Camino Minerals Corporation
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - September 21, 2020) - Camino Corp. (TSXV: COR) (OTCQB: CAMZF) (WKN: A116E1) (\"Camino\" or the \"Company\") is pleased to announce that it is initiating field work on its 100% owned Plata Dorada high grade copper and silver (Cu and Ag) project located 158 kilometers east of the city of Cuzco (the \"Plata Dorada Project\"). The Cu and Ag mineralization at Plata Dorada is structurally controlled and consists of polymetallic quartz sulphide veins averaging 0.5 to 1.5m wide. Mineralization is dominated by Cu and Ag with historic sampling ranging from 0.3 to 8.7% Cu, and 70 g/t to over 1500 g/t Ag. Gold (Au) is present in trace amounts. There are two zones of veins with multiple vein sets on the property with distinct orientations: North West and North-North-East. Dips are between 45o to 82o and individual strike lengths are in excess of 100 m. One of the main goals of this program is to identify potential extensions under cover. \"Drilling will begin next week at our Los Chapitos copper discovery in Arequipa. However, we continue to advance Camino as a platform for copper and precious metal discoveries in Peru. Our basis for exploring at Plata Dorada envisions the project as a potential very low capex, high grade copper and silver project similar to the Cozamin mine operated in Mexico by mid-tier copper company Capstone Mining,\" said Jay Chmelauskas, President & CEO of Camino. \"Cozamin was built for capital expenditures of $50 million and has produced $450 million in cash flow over its life, and still operates today. Plata Dorada is an example of opportunities with high risk exploration and high reward that we are seeking to secure and advance in Peru. The project is held by our wholly-owned precious and base metals focussed subsidiary, Minquest Peru S.A.C. When we inevitably get a strong copper market supported by the electrification of the global economy, we plan to have Camino positioned with a strong portfolio of assets including Los Chapitos and Plata Dorada.\" Plata Dorada consists of 6 contiguous concessions totalling 2100 Ha. Apart from small scale artisanal mining going back as far as Colonial times there has been no systematic exploitation or exploration of the concessions. The project can be accessed all year round on paved highway and all-weather dirt roads. Local geo...