Camino's Mapping and Geophysics Program Identifies Major Deep-Seated Fault at Los Chapitos Copper Project in Peru

VANCOUVER, BC / ACCESSWIRE / October 24, 2023 / Camino Corp. (TSXV:COR)(OTC PINK:CAMZF)(WKN:A116E1) ("Camino" or the "Company") together with its project partner Nittetsu Mining Co. Ltd ("Nittetsu"), is pleased to announce that the recent geological mapping and geophysics program has identified the La Estancia fault ("La Estancia"), a deep-seated "thick skinned" fault structure through the centre of the property constituting the Los Chapitos Copper Project ("Los Chapitos" or the "Project"). The La Estancia fault extends for 12 kilometers in a northwest direction. Historically, Camino has made copper discoveries on either side of this structure, drilling significant copper intercepts along secondary fault structures such as at Adriana, Lourdes, and Atajo.

Surface geological mapping and a geophysics program completed to depths of 500 meters support the presence of the La Estancia fault. La Estancia's significance lies in its interpretation as a deep fault, serving as a conduit for the copper mineralization that Camino has been drilling near surface, as well as for buried copper mantos. The Company's current strategy prioritizes extensions to existing near-surface copper oxide deposits, and the discovery of new copper oxide zones, with the potential for copper sulphide discoveries at depth. Major deposits, such as Manto Verde, Candelaria, Carolina de Michilla, have all been discovered in relation to deep-seated structures.

Highlights:

• Identified new La Estancia deep fault system extending for 12 kilometers.
• Completed a magnetic survey to depths of 500 meters covering 1,079 km and 9,626 hectares.
• 1:25,000 scale and 1:5,000 scale geological mapping complete.
• 1:1,000 geological mapping and drill targeting underway for proposed drilling campaign commencing in December.

The mapping and drone geophysics survey (see news release dated July 26, 2023) was carried out by Camino's geological team and Nittetsu, together with Chilean geologists from July to September 2023, and consisted of 1,079 line kilometers of survey and covering 9,626 hectares. As a result of this work, Camino has identified multiple "thin skinned faults" as well as a deep-seated "thick skin" La Estancia fault system (Figure 1). The La Estancia fault provides additional information about the intrusive bodies in the Los Chapitos claim area and their relationship with hydrothermal alteration and copper mineralization in both oxides and sulfides. The discovery of this fault system has significant implications as it relates to the spatial-temporal relationship observed between large copper deposits in significant mining districts of Chile. The presence of this "thick skinned" fault increases the possibility of finding a major copper deposit. This relationship is observed in the copper porphyry and molybdenum belts, and in the IOCG belts along the Chilean Coast, with significant deposits typically situated within a radius of less than 5 km from a "thick skinned" fault's propagation zone.