Exploring for High Grade Copper and Precious Metals
Camino Minerals Corp. (TSXV:COR, OTCQB:CAMZF, FRANKFURT:XC01GR) is a Canadian resource company focused on acquiring, exploring and developing high-grade copper and precious metals in favorable jurisdictions. Camino’s flagship property is the Los Chapitos copper project located in the heart of the coastal Peruvian Iron Oxide Copper Gold belt.
This IOCG mineral belt is considered elephant country as it is responsible for several world-class deposits including the Mina Justa mine, located 100 kilometers northwest of Los Chapitos. Mina Justa hosts an estimated US$1.3 billion in copper reserves and was acquired by Minsur for US$590 million.
Camino is targeting an open-pit operation at Los Chapitos that will include heap leach solvent extraction electrowinning (SX/EW), a hydrometallurgical process that uses dilute sulfuric acid to produce copper from oxidized ores. One of the key advantages of this process is its low capital requirements and its economic viability even at a smaller scale. According to the Copper Development Association, SX/EW is responsible for approximately 20 percent of all copper produced globally; in the Latin American region this figure is closer to 40 percent owing to the dry climate which readily lends itself to such a process.
- Los Chapitos copper project in Peru’s IOCG belt and on trend with Mina Justa mine
- Amenable to low cost heap leach SX/EW processing
- Villa Hermosa gold project and Plato Dorada copper-silver-gold project in Peru with blue sky potential
- Peru ranks as a favored mining jurisdiction in terms of resources, investment attractiveness and pro-mining policies