Drill Results
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.
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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Oct 05, 2026 · 06:00