Camino to Commence Drilling at its Los Chapitos Copper Project in Peru; Peru's Ministry of Energy and Mines Names Los Chapitos Among Top 15 Priority Exploration Projects

Executive Summary

• Camino Minerals announced the mobilization of drilling equipment to begin a discovery‑drilling campaign at its Los Chapitos copper‑silver project in Peru, with first holes slated for the first week of November 2025.
• The company disclosed high‑grade surface trench results from multiple targets (e.g., Mirador 129 m @0.98 % Cu, Maqui 7 m @4.3 % Cu) that will guide an initial program of ~9 drill holes (~1,200 m), potentially expanding to >3,000 m with a forthcoming $1.5 M investment tranche from partner Nittetsu.
• Los Chapitos has been selected by Peru’s Ministry of Energy and Mines as one of 15 priority exploration projects under the “Perú Explora” initiative, underscoring its strategic importance.

Key Details

• Drilling Objectives: Discover new Cu‑Ag deposits in undrilled targets (Mirador, Piloto, Maqui, Sombrero Blanco) and extend known mineralization in Adriana, Lourdes, Katty (Enjambre).
• Surface Trenching Highlights:
• Mirador – 129 m @0.98 % Cu & 20.59 ppm Ag (including 90 m @1.07 % Cu, 12 m @2.07 % Cu).
• Piloto – 12 m @2.30 % Cu & 21.13 ppm Ag.
• Maqui – 7 m @4.30 % Cu & 25.5 ppm Ag.
• Enjambre – 18 m @1.57 % Cu & 11.35 ppm Ag.
• Adriana – 15 m @0.75 % Cu & 9.46 ppm Ag.
• Lourdes – 6 m @2.80 % Cu & 31.55 ppm Ag.
• Sombrero Blanco – 25 m @0.52 % Cu & 3.00 ppm Ag.
• Planned Drilling Program:
• Initial phase: ~9 drill holes, total ≈1,200 m.
• Potential expansion to >3,000 m pending additional $1.5 M tranche from Nittetsu (expected Dec 2025).
• Partner Arrangement: Nittetsu Mining Co., Ltd. will earn a 35 % interest in Los Chapitos upon completing a total investment of CDN$10 M.
• Strategic Context:
• Designated as a priority project by MINEM under “Perú Explora: Actions to Drive the Advancement of Strategic Mineral Exploration Projects 2025‑2026.”
• Rio Tinto has recently staked adjacent claims, indicating external interest in the region.
• Logistics & Timeline:
• Mobilization of excavators and drilling rigs occurring in October 2025; drilling start targeted for early November 2025.
• Permitting for Sombrero Blanco pending; work session with MINEM held Sep 2025 to advance permitting.
• Technical Validation: Independent qualified person (Jose A. Bassan, MSc., P.Geo.) reviewed and approved all technical data per NI 43‑101 standards.

Notable Quotes

“Los Chapitos has been recognized by Peru's Ministry of Energy and Mines… we are also getting noticed by major mining companies like Rio Tinto that have staked ground adjacent to Los Chapitos,” – Jay Chmelauskas, CEO
“Drilling at Los Chapitos follows intensive geological field work… this has allowed us to identify targets with the greatest potential for extending and/or discovering additional Cu‑Ag mineralized bodies.” – Orlando Pariona, Lead Geologist