- Camino (COR) has engaged AK Drilling International to carry out a drill program at its Los Chapitos copper project in Peru
- The company intends to drill up to 3,000 metres, with the program scheduled to begin at the end of September
- Peru’s Ministry of Energy and Mines issued the necessary drilling authorisation in early July, which also allows for the development of drilling platforms along a five-kilometre trend
- AK Drilling International has extensive experience in the region, having drilled the Los Chapitos Project in a discovery program in 2017
- Camino (COR) is currently steady at C$0.15 per share
Camino (COR) has engaged AK Drilling International to carry out a drill program at its Los Chapitos copper project in Peru.
Located in the Peruvian Iron Oxide Copper Gold belt, the Los Chapitos property covers 22,500 hectares and hosts a total of 39 claims.
The Edmonton, Alberta-based company has contracted AK Drilling International to carry out the program, which is expected to consist of up to 3,000 metres of drilling and is scheduled to begin by the end of September. AK Drilling has a range of experience in the region, having undertaken an initial discovery drilling campaign at the Los Chapitos Project in 2017.
Camino received approval from Peru’s Ministry of Energy and Mines for the drilling work in early July, which also allows for the development of drilling platforms along a five-kilometre trend.
According to today’s release, the program has two primary objectives. The first is to extend the down-dip and along-strike limits of known mineralisation at the Adriana Zone. This area was previously drilled in 2017 and 2018, and is expected to support a greater potential tonnage to an eventual maiden resource estimate.
The second objective is to turn undrilled targets into discovery holes. Camino says the delays associated with the COVID-19 pandemic have allowed for the reinterpretation of geochemical, geophysical and spectral imagery data, along with detailed mapping and resampling over the 1,000-hectare area covered by the current drill permit, which has in turn generated a number of priority targets.
Jay Chmelauskas, President and CEO of Camino, said the program has been designed primarily to follow-up on the success of the earlier drilling campaigns.
“We will operate under our COVID-19 operating policies filed with the Peru Ministry of Health and will endeavour to continue our copper discovery efforts in a safe manner.
“Our geological team is back in the field with the goal to determine the potential size of the copper system at Los Chapitos,” he added.
Camino (COR) is currently steady at C$0.15 per share at 1:48pm EDT.