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Camino Minerals Signs Community Access Agreement for Los Chapitos Oxide Copper Project
Nov. 22, 2016 08:29AM PST
Base Metals Investing Camino Minerals (TSXV:COR) announced the signing of a 5 year access agreement with the Community of Atequipa. The Community owns the lands covering the western half of the Los Chapitos project in Peru. As quoted in the press release: This agreement covers all exploration activities of Camino, including trenching, road building, and drilling. Negotiations with …
Camino Minerals (TSXV:COR) announced the signing of a 5 year access agreement with the Community of Atequipa. The Community owns the lands covering the western half of the Los Chapitos project in Peru.
As quoted in the press release:
This agreement covers all exploration activities of Camino, including trenching, road building, and drilling.
Negotiations with leaders from Atequipa have been ongoing for several months. At an assembly held on November 20, 2016, a large majority of attendees voted to allow Camino access to their lands in consideration of a onetime payment of $5,000 soles (US$1,500), and providing technical support for finding additional water resources for their agricultural and ranching operations. Atequipa community lands covers the western half of Chapitos, including the Atajo Zone, which has historical workings along 400 meters of strike length, that returned surface chip samples values averaging 2.10% copper over 38 meters, and a second line averaging 1.57% copper over 64 meters.