los chapitos

Camino identifies Copper and Gold System at Los Chapitos sampling 1.71% Cu, 1.3 g/t Au and 6.1% Cu, 0.48 g/t Au

Camino Corp. (TSXV: COR) (OTC: CAMZF) (WKN: A116E1) ("Camino" or the "Company") is pleased to announce new sampling, geological mapping, and geophysical interpretation on its Los Chapitos copper project located in Southern Peru's Arequipa Department. The successful 2020 drilling campaign returned significant copper intercepts (see January 19 News Release) from the central portion of the 10 km copper mineralized Diva Trend. Sampling and mapping in 2020 along the Diva Trend (Table 1, Figure 2, and Figure 3) have identified large zones of alteration associated with Iron Oxide Copper and Gold (IOCG) mineralization to the northwest.

Northwest - Potential Copper & Gold IOCG System

Four km north of the 2020 drilling program, a recent sample from artisanal mine workings that extend over 30 metres underground returned 1.71% copper (Cu), 1.3 g/t gold (Au), and 12.5% iron (Fe) (Table 1 and Figure 2). The fault breccia in this area has green oxidized copper and calc-sodic alteration indicative of the regional Chocolate Formation IOCG hosting lithology. Previous sampling, in the northwest from 238 rock samples at the Lidia Zone, has returned an average of 0.78% copper, and copper and gold samples up to 23% Cu and 11 g/t Au, including similar copper and gold anomalies along the parallel Atajo Trend (see Figure 3) within the Company's 220 km2 claims. The Company is expanding its Environmental Impact Assessment (EIA) coverage to obtain permits for planned drilling of these areas as part of its Stage 2 drilling campaign in 2021.

Southeast - Significant Magnetic Anomaly and Stage 1 Permitted Drilling

Stage 1 drilling at Los Chapitos is fully permitted and is planned to commence in May or June 2021. The Stage 1 drilling campaign will target the continuity of copper mineralization in the Adriana central portion of the Diva Trend where the Company is delineating the extent of copper mineralization as it works towards a maiden resource estimate. The Company also plans exploratory drilling in permitted areas towards the southeast to potentially expand mineralization, and extension drilling where copper has been previously intercepted in drillholes at the Katty zone located 1 km south of the 2020 drilling at Adriana. In this area towards the Lagunillas Fault, the Company will target recently discovered andesitic flow breccia with disseminated copper oxide mineralization.

The intersected copper mineralization in the central portion of the Diva Trend is coincident with a moderate-sized magnetic anomaly. A much larger magnetic anomaly to the southeast (Natty) is coincident with surface x-ray fluorescence (xrf) soil and rock chip copper showings that range in grades from 0.1% to 8.9% Cu. This larger magnetic anomaly demonstrates the potential scope and scale of discovery possible at Los Chapitos as part of Stage 1 drilling (Figure 1).

"At Los Chapitos, we plan to drill along our 10 km mineralized Diva Trend to target larger alteration zones and larger geophysical anomalies than have been previously drilled, that are coincident with surface copper mineralization. This is the right time in the copper market for a major discovery and we believe that the Los Chapitos IOCG system has this potential," said Jay Chmelauskas, President & CEO.

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Figure 1. Longitudinal section along Diva Trend showing magnetic anomaly coincident with, xrf soil and rock chip geochemical analysis

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A summary of high-grade copper samples with associated gold and silver taken along the Diva Trend during the 2020 exploration and reconnaissance program is summarized in Table 1.

SAMPLEEASTINGNORTHINGLocation Relative to Adriana
Recent Drilling
Cu %Ag g/tAu g/t
X0727105727188267470NW - Lourdes Target1.72 16.00 0.008
X0727535712728267114NW - Lourdes Target1.80 1.07 0.007
X0727635719688267576NW - Lourdes Target0.20 0.10 0.043
X0728025704178268817NW - Condori Target0.87 0.26 0.045
X0728035704518268913NW - Condori Target6.12 0.41 0.481
X0728105706408268857NW - Condori Target1.71 0.38 1.300
PX0617685743478266545SE - Adriana-Carlotta-Katty2.17 33.80
PX0617765744948266547SE - Adriana-Carlotta-Katty2.94 17.00 0.006
PX0617825750968266190SE - Adriana-Carlotta-Katty4.46 48.10 0.011
PX0617855751828266177SE - Adriana-Carlotta-Katty10.15 173.00 0.010

 

Table 1. 2020 Geological Mapping and Sampling of the mineralized Diva Trend at Los Chapitos

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Figure 2. 2020 Surface Sampling and Magnetic Anomalies along the copper mineralized Diva Trend

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The geological mapping and sampling in 2020 identified classic IOCG metal and mineral assemblages at the Los Chapitos project. Drilling in the central part of the Diva Trend has intercepted copper with trace quantities of silver, however, recent sampling returned 10.15 % Cu and 173 g/t Ag in this area. Drilling results have confirmed cobalt, another IOCG signature metal, in our system with a maximum grade of 154 g/t (Adriana) and 896 g/t (Katty) with good spatial continuity. In the northern part of the Diva Trend, we have mapped more IOCG signature rocks including specular hematite, mushketovite, magnetite, various breccias, argillic and calcic sodic alteration with local potassic alteration (Figure 3). The gold that we have sampled may indicate that we are higher in the IOCG system at the northwest of the Diva Trend and could potentially add additional economic gold credits with successful drill results.

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Figure 3. IOCG Alteration Zones and Gold Geochemical Results at Los Chapitos

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To advance our understanding of lithological controls Camino's geology team is currently working on defining the mineral zones by analyzing sequential copper from the 2020 drilling campaign and from previous drill holes.

Camino continues to follow COVID-19 protocols established by the Peruvian government, has continued field work and desk studies through 2020, and plans to complete several drilling campaigns in 2021.

About Camino Minerals Corporation

Camino is a discovery and development stage copper exploration company. The Company is focused on advancing its high-grade Los Chapitos copper project located in Peru, towards potential resource delineation and new discoveries. In addition, the company has commenced field studies at its copper and silver Plata Dorada project. The Company seeks to acquire a portfolio of advanced copper assets that have the potential to deliver copper into an electrifying copper intensive global economy. For more information, please refer to Camino's website at www.caminocorp.com.

Kenneth C. McNaughton, M.A.Sc., P.Eng., a Qualified Person as defined by NI 43-101, has reviewed and approved the technical contents of this document.

ON BEHALF OF THE BOARD
/S/ "Jay Chmelauskas"
President and CEO

For further information, please contact:
Camino Investor Relations
info@caminominerals.com
Tel: (604) 608-4513

Cautionary Note Regarding Forward Looking Statements: Certain disclosures in this release constitute forward-looking information. In making the forward-looking disclosures in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. Forward-looking information in the release includes the prospectivity of the project for future exploration, defining new mantos and extensions of the IOCG system and drilling planned on the Los Chapitos copper project and that actual results of exploration and engineering activities are consistent with management's expectations. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking information in this release is subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking information. Such risk factors include, among others, that actual results of the Company's exploration activities will be different than those expected by management, that the Company will be unable to obtain or will experience delays in obtaining any required approvals and the state of equity and commodity markets. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce the staking of 9 mineral claims covering 15,453 hectares (approximately 154 km²) in the northern Bear Lake Corridor of British Columbia . The JJB Property is named in honour of Finlay's Founder, John J. Barakso who was an early advocate for the potential of the Bear Creek Corridor.

Figure 1. New JJB Property location and expanded SAY Property boundary. (CNW Group/Finlay Minerals Ltd.)

JJB PROPERTY:

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Details on the JJB Property can be found in the JJB Property Technical Presentation and in the Properties section of the Company website at www.finlayminerals.com .

SAY PROPERTY:

Lying 4 km south of Finlay's new JJB Property, work continues on the SAY Property, which has recently been expanded with additional staking to the north and south. The SAY Property now totals 26,202 hectares. The SAY Property was acquired in 2024, and an inaugural field program focused on chip sampling and mapping along the 4.3-kilometer-long SPUR Trend. This led to the discovery of the AG Zone and confirmed the continuity of high-grade Cu-Ag mineralization in the East Breccia Zone.

The SPUR is a high-grade Cu-Ag structural vein and breccia target that extends for 4.3 km along the north-northwest Tsaytut Spur ridge * .

The SHEL target area is a Cu-Mo porphyry identified through historic mapping and drilling. SHEL mineralization is reported to be associated with veining and breccias within quartz-feldspar porphyry dikes and lies on the western margin of an unexplored 3 km x 2 km magnetic high * . Historical assays and airborne magnetic data indicate the potential for the expansion of known mineralization in these two target areas.

In 2025, exploration work at the SAY will aim to expand the mineralized footprint of the SPUR and SHEL targets through geological mapping, soil sampling, and an airborne magnetic survey.

Details on the SAY Property, can be found in the SAY Property Technical Presentation and in the Properties section of the Company website at www.finlayminerals.com .

References:

*

Refer to finlay minerals ltd. News Release # 11-24 dated October 3, 2024 entitled: " Finlay Minerals has completed its Inaugural Field Program at the High-Grade Copper-Silver SAY Property " available on SEDAR at www.sedarplus.ca.

Qualified Person:

Wade Barnes , P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

About finlay minerals ltd.

Finlay is a TSXV company focused on exploration for base and precious metal deposits with five 100%-owned and operated properties in northern British Columbia . In addition to the JJB & SAY Properties, the Company holds the:

  • PIL Property , which covers 13,374 ha in the heart of the Toodoggone region, has numerous porphyry Cu-Au ± Ag targets and associated epithermal Au-Ag mineralization. Exploration on the PIL Property is fully funded for 2025 with the signing of an Earn-In-Agreement with Freeport-McMoRan (Refer to news release FYL NR03-25 entitled: "Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties ". ) The PIL is neighboured by Amarc Resources and Freeport-McMoRan's joint venture JOY Project and TDG Gold Corporation's Shasta/Baker and Sofia Properties. The PIL Property is also 25 km northwest of Centerra Gold's past-producing Kemess South Mine and 15 km east of Thesis Gold's Lawyers Project.

  • ATTY Property covers 3,875 ha of sub-alpine terrain in the southern Toodoggone region. Exploration on the ATTY Property is also full-funded for 2025 with the signing of an Earn-In-Agreement with Freeport-McMoRan in April 2025.The Toodoggone is a northwest-trending belt of Triassic to Jurassic arc terranes that hosts numerous significant porphyry Cu-Au ± Ag and associated epithermal Au-Ag deposits. The ATTY Property is in between and contiguous to Centerra Gold's Kemess Project and the joint-venture JOY Project held by Amarc Resources and Freeport-McMoRan. The ATTY Property KEM target has similarities to the Kemess North Trend, which hosts the Kemess Underground and Kemess East deposits.

  • Silver Hope Property covers 21,322 ha and surrounds the past-producing Equity Silver Mine in the prospective Skeena Arch region of central B.C. The Silver Hope contains the Main Trend which is a >2 km Cu-Ag-Au mineralized trend with mineralization starting at surface.  West of the Main Trend is the West Cu-Mo Porphyry which is also mineralized starting from surface. The Property hosts a network of forestry roads and trails and has all-year access from Houston, BC .

Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com

On behalf of the Board of Directors,

Robert F. Brown
President, CEO & Director

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements.  Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the JJB and SAY Properties. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

SOURCE finlay minerals ltd.

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