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Nittetsu Mining Provides Final $1.5 Million Earn-in Payment for Camino's Los Chapitos Copper Project in Peru
VANCOUVER, BC / ACCESS Newswire / December 3, 2025 /Camino Minerals Corporation (TSXV:COR)(OTC:CAMZF) ("Camino" or the "Company") is pleased to announce the ...
About this update from Camino Minerals Corporation
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / December 3, 2025 / Camino Minerals Corporation (TSXV:COR)(OTC:CAMZF) ("Camino" or the "Company") is pleased to announce the receipt of the sixth, and final, CAD$1.5 million payment from its exploration partner Nittetsu Mining CO., Ltd. ("Nittetsu"), marking the successful completion of Nittetsu's earn-in expenditure requirements under the earn-in agreement dated June 13, 2023 ("Earn-In Agreement") (see news release dated June 14, 2023). Following the conclusion of the current drilling program at the Los Chapitos Copper Project ("Los Chapitos" or the "Project") in Peru, the Project will be formally converted into a joint venture, with Camino retaining a 65% participating interest, operatorship of the Project, and 50% of the life-of-mine production off-take. Los Chapitos is the second joint venture project with Nittetsu, as Camino is currently advancing the Puquios copper mine development with Nittetsu in Chile.","length":1021,"tagName":"p"},{"type":"text","content":"At Los Chapitos, exploration drilling has commenced on the high-grade copper targets along the Diva and La Estancia trends that were identified earlier in the year, where the recent trench sampling demonstrated high-grade copper structures and copper mantos potential (see news releases dated June 17, 2025 and July 16, 2025).","length":326,"tagName":"p"},{"type":"text","content":"Camino is currently advancing the fourth drillhole of a planned phased campaign totaling approximately 2,650 metres, and consisting of an estimated 18 drillholes. The ongoing drilling program is expected to continue into the first half of 2026.","length":244,"tagName":"p"},{"type":"text","content":""With the joint venture structure soon in place at Los Chapitos, we will continue to drive exploration on the high-grade copper targets we've defined across the Diva, Atajo, and La Estancia copper trends" said Jay Chmelauskas, CEO of Camino. "Through our two joint ventures with Nittetsu, we are collaborating on two fronts, building a new copper mine in Chile at Puquios, and continuing discovery drilling at Los Chapitos in Peru."","length":456,"tagName":"p"},{"type":"image","alt":"Figure 1. Los Chapitos copper drilling campaign in Peru, December 2025.","displaySize":"","headline":...