Base Metals

Camino Corp. (TSXV: COR) (OTC: CAMZF) (WKN: A116E1) ("Camino" or the "Company") is pleased to announce new exploration results from its 100% owned Plata Dorada Copper and Silver project ("Plata Dorada" or "the Project") in Peru. In March 2021, the Company completed an exploration program at Plata Dorada and identified six new polymetallic veins, bringing the total to sixteen identified veins at the Project (see news release dated February 3, 2021). A rock chip sample taken along the Plata Dorada mesothermal trend identified a new copper and silver mineralized structure with a width of 0.5 m grading 1.19% copper (Cu), and 18.35 ppm silver (Ag). Camino also identified new areas of polymetallic vein mineralization south of the existing claim position and acquired 1,700 hectares (ha) of new claims for a total claim area of 5,500 ha (Figure 1).

The new mineralized veins hosting copper, silver, gold, zinc, and lead have rock chip sample grades up to 1,565 g/t silver (Ag), 0.67 g/t gold (Au), 1.19% copper (Cu), 32% zinc (Zn), and 18.25% lead (Pb). The rock chip samples range in width from 0.2 to 2.0 m across the veins and are found in a preferential direction from northwest to southeast parallel to the Andean trend. The individual polymetallic veins have been mapped with strike lengths up to 5 m, before disappearing under shallow cover. A summary of identified significant vein and channel sample results is shown in Figure 1 and Table 1.

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Photo 1. Sample 91 - diorite filling of argentiferous galena, sphalerite, limonite, goethite and epidote

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Jose Bassan, Chief Geologist at Camino, said, "We have identified veins with strong silver and copper anomalies at Plata Dorada, along the Andean trend. During our recent prospecting efforts, we have also identified a polymetallic system with silver, copper, gold, lead, and zinc in vetiform structures. Our early exploration results indicated that there is a very rich metal endowment in the area."

"We continue to increase our land position at Plata Dorada based on exceptional high-grade samples returned from subsequent reconnaissance traverses," said Camino CEO Jay Chmelauskas. "This is a region with a rich history of high-grade metal mines and discoveries."

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Figure 1. Plata Dorada Project Historic (Orange) and New (Red) Claims with 2021 Sample Results

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High-grade silver samples 90 (0.4 m @ 1,565 g/t Ag) and 91 strike in the northwest to southeast direction and are spaced approximately 50 m apart. Sample 90 was taken across a 0.4 m wide outcropping vein. Sample 91 is a grab sample that is projected to be an extension to the vein in sample 90.

Historical artisanal mining shows a structural lineament in the Andean trend "Rumbo Andino" from northwest to southeast that contains multiple mineralized structures with directions varying from northwest to northeast, following the same trend from rock chip samples. The structures are subvertical with sigmoidal and lenticular shape on the surface, and filled with milky saccaroidal-quartz, iron oxides, argentiferous galena, sphalerite, and chalcopyrite. The veins are clearly identifiable around artisanal workings, but otherwise disappear under soil cover.

Camino is developing an exploration program that will include collecting over 450 soil samples for x-ray fluorescence (xrf) analyses, as well as detailed 1:2500 geological mapping of the mineralized structures with the goal of defining a drilling program by the end of 2021.

Plata Dorada is located 158 kilometers east of the city of Cusco. The Project can be accessed by a 2.5-hour drive along a paved highway from Cusco. There are 18th century records of colonial mining activities at several locations within 50 kilometers of Plata Dorada. Numerous pits and shallow underground workings exist on the property as a result of recent artisanal mining activities.

The 2021 channel samples were collected and analyzed by ICP-61, with digestion by four acids for 33 elements and fire assay for Au. The geochemical analyses of the samples were labelled according to analysis batch "LI21099746, LI21097983" & ME-MS61 & Cu-OG62 & Au-AA23 & Ag-GRA21 & Ag-OG62 & Pb-OG62 & Zn-VOL70 & Pb-VOL70 and sent to ALS global based in Lima, Peru for analysis.

Sample No.  East  North  Elev.  Area
Prospect
  
Channel
Width (m)
  
AZ  Dip  Silver
(Ag) g/t
  
Copper
(Cu)
  
 %  
Gold
(Au)   g/t

Sampling
Info.
  
Pb PPMZn PPM
2  278040  8495365
3,954  DORADA SUR  0.2  330  75NE  18  2.78  0.016New vein  468>10000
56  280001  8495809
4,291  HITHZA II  0.6      58  2.78  0.424New vein  31544
Hist_MARC027  280446
8496546
  HITHZA II  -  20    1,500  3.13   Historic   
Hist_MARC024  280455
8496526
  HITHZA II  -  20    433  1.32   Historic  
Hist_MARC028  280479
8496585
  HITHZA II  -  20    1,500  8.57   Historic  
Hist_MARC025  280479
8496555
  HITHZA II  -  20    400  1.85   Historic  
Hist_MARC029  280488
8496578
  HITHZA II  0.3  20    323  1.95  2.12Historic  
Hist_MARC013  280503
8496657
  HITHZA IV  0.5  20    222  2.45  0.44Historic  
Hist_MARC012  280504
8496661
  HITHZA IV  0.7  20    1,030  2.47  0.718Historic  
Hist_MARC021  280505
8496598
  HITHZA II  0.5  20    586  1.86   Historic  
Hist_MARC016  280513
8496616
  HITHZA II  1.5  20    1,430  1.45  1.125Historic  
Hist_MARC030  280647
8495706
  HITHZA II  0.6  140    56  6.93  0.056Historic  
Hist_MARC031  280668
8495699
  HITHZA II  0.6  140    42  5.97   Historic  
Hist_MARC032  280684
8495685
  HITHZA II  1.0  140    27  2.36  0.048Historic  
Hist_MARC033  280690
8495661
  HITHZA II  0.5  140    117  3.51   Historic  
53  280697
8495678
4,412  HITHZA II  0.8  345  68NE  39  1.51  0.119New  Sample  32036
Hist_MARC034  280715
8495654
  HITHZA II  1.0  140    19  0.99   Historic   
Hist_MARC035  280732
8495618
  HITHZA II  0.5  140    93  2.72  0.017Historic  
28  281289
8496214
4,375  HITHZA II  0.5      38  3.38  0.013New vein  5523
30  281683
8496325
4,246  TALI  1.4  10  45E  36  1.49  0.053New vein  1114
11  281950
8496998
4,010  TALI 1  0.3  190  60SE  1,500  5.76  0.03New vein  148723
Hist_MARC007  282270
8496653
  TALI 1  0.4  140    31  1.54   Historic   
Hist_MARC005  282280
8496665
  TALI 1  0.5  140    17  1.01   Historic  
32  282309
8496630
4,023  TALI 1  1.0  0  75SE  15  1.42  0.292New  Sample  2364
31  282314
8496569
4,047  TALI  0.5  20  70W  21  1.25  0.353New  Sample 1627
M-122807148496976 HITHZA IV     4630.740.78Historic   
M-132807188496982 HITHZA IV     15003.131.33Historic  
M-142807228496988 HITHZA IV     15008.571.52Historic  
M-152807008496946 HITHZA IV     4001.851.72Historic  
10428062484969454103HITHZA IV0.5  18.351.190.01New  Sample  10.231
Sample No.  East  North  Elev.  Area
Prospect  
Channel
Width (m)  
AZ  Dip  Silver
(Ag) g/t  
Copper
(Cu)  
Gold (Au)
g/t
Sampling
Info.  
Pb-VOL70 %Zn-VOL70 %
8927920784850204,550Dorada 40.5  8830.150.49New  Sample  10.3012.64
9027921484850114,552Dorada 40.4  15650.260.48New  Sample  11.4132.00
9127916384850554,516Dorada 4   15650.250.67New  Sample  18.259.86
10028852684822964,615Dorada 50.7  850.170.06New  Sample  1.990.02
10228007384963104,218HITHZA II  2  710.370.06New  Sample  0.060.02
10328007384963104,218HITHZA II  2  1270.500.08New  Sample  0.210.16

 

Table 1. Channel Sample Results in 2021 and Historic Sampling at Plata Dorada

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. Camino is currently closing the acquisition of the Maria Cecilia copper porphyry. 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.

Jose Bassan MAusIMM (CP) 227922, MSc. Geologist, a Qualified Person as defined by NI 43-101, has reviewed and approved the technical contents of this document. Mr. Bassan has reviewed and verified relevant data supporting the technical disclosure, including sampling and analytical test data.

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

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

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.

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 timing and results of upcoming exploration programs at Plata Dorada. Although the Company considers these statements 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.

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HIGHLIGHTS

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o AUD50M Secured Offtake Prepayment Facility

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Key Terms of the Copper Cathode Prepayment Facility

Indicative terms - Offtake

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Indicative terms - Prepayment Facility

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- Facility term: 60 months



About Cyprium Metals Ltd:

Cyprium Metals Limited (ASX:CYM) is poised to grow to a mid-tier mining business and manage a portfolio of Australian copper projects to deliver vital natural resources, strong shareholder returns and sustainable value for our stakeholders. We pursue this aim, in genuine partnerships with employees, customers, shareholders, local communities and other stakeholders, which is based on integrity, co-operation, transparency and mutual value creation.



Source:
Cyprium Metals Ltd

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