Drill Results Routine +

Camino Intercepts High-Grade Copper With 76.2m at 0.88% Cu Including 16.25m at 2.67% Cu and 6.82g/t Ag at Costa de Cobre in Peru; All Five Reported Drill Holes Intersect Strong Copper Mineralization

Camino Minerals advances its Chile mine construction while validating its Peru copper footprint with significant resource expansion.

By The Northwire Desk — AI Analysis Jun 10, 2026 · 06:00 COR · 0.52 Camino Minerals Corporation

Executive Summary

Camino Minerals released Phase 2 drilling results from its Costa de Cobre project (formerly Los Chapitos) in Peru on June 10, 2026.
Five new drill holes (DCH-131 to DCH-135) were completed along the Adriana target on the Diva trend corridor, adding 990.70 meters to the project's total drilling footprint (now 29,650 meters).
Key intercepts include 76.2 meters at 0.88% Cu and 2.03 g/t Ag, including 16.25 meters at 2.67% Cu and 6.82 g/t Ag. Other notable holes returned 69.8 meters at 0.47% Cu and 4.17 g/t Ag, and 77.6 meters at 0.36% Cu and 1.63 g/t Ag.
Mineralization is structurally controlled by the NW-SE-trending Diva fault, with copper hosted in volcanic and hypabyssal rocks. Oxides dominate near surface, transitioning to sulfides at depth. The system remains open at depth and along strike.
The results support the company's district-scale geological model and advance plans toward NI43-101 resource delineation.
Nittetsu Mining Co., Ltd. is completing its 35% earn-in interest in Costa de Cobre following a CAD $10 million investment and the completion of this drilling campaign.
Construction at the partner's Puquios Copper Project in Chile is expected to commence in summer 2026, subject to financing and a Final Investment Decision (FID).

Material Impact

The drill results are consistent with prior Phase 1 results (February 2026) and surface trenching data (mid-2025), confirming strong continuity and grade along the Diva trend.
The announcement validates the geological model and reduces exploration risk at Costa de Cobre, but does not introduce fundamentally new data or surprise the market.
The completion of Nittetsu's earn-in and the alignment with Puquios construction timelines are expected milestones rather than unexpected catalysts.
The news is incremental, reinforcing the company's dual-asset strategy (exploration in Peru, near-term production in Chile) without altering the immediate financial or operational trajectory.

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Company Overview

Camino Minerals Corp is a copper-focused exploration and development company with assets in Peru and Chile.
Flagship Project: Puquios Copper Project in Chile. A 50/50 joint venture with Nittetsu Mining. The project is construction-ready, with permits secured and a 15-year mine life. The Preliminary Feasibility Study (PFS) outlines ~9ktpa copper production, an IRR of 23.4% at $4.25/lb Cu, and cash costs of $1.62/lb.
Costa de Cobre (Peru): A district-scale IOCG copper-silver exploration project. Previously known as Los Chapitos, it features strong structural controls and high-grade near-surface mineralization. Nittetsu holds a 35% earn-in interest.
Additional Assets: Maria Cecilia (copper porphyry) and Plata Dorada (early-stage Cu-Ag) in Peru.

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