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VANCOUVER - Camino Minerals Corporation (TSXV:COR)(OTC PINK:CAMZF) has received a CAD$1.5 million payment from Nittetsu Mining Co., Ltd. This payment is part of an earn-in agreement for the Los Chapitos Copper Project in Peru, which allows Nittetsu to acquire a 35% interest in the project by investing CAD$10 million over three years. To date, Nittetsu has contributed CAD$8.5 million.
The payment will fund an exploration and drilling campaign scheduled from June 1, 2025, to November 30, 2025. The campaign, approved by the Camino - Nittetsu Joint Technical Committee, will focus on high-priority targets such as the Katty prospect and the newly identified Sombrero Blanco target. Historical drilling at Los Chapitos has revealed high-grade copper at depth, including a notable intercept of 4.5m @ 5.01% Cu from 245.5 m in drillhole DCH-012.
The company has also engaged in a community participation workshop on May 23 as part of the permitting process for an amendment to the Environmental Impact Assessment for Los Chapitos. This initiative involved local authorities and residents, emphasizing Camino’s commitment to public participation.
Camino Minerals is a copper exploration company with a portfolio that includes the construction-ready Puquios copper mine in Chile and the Los Chapitos project in Peru. The company is also preparing to drill at the Maria Cecilia copper porphyry project and has expanded its holdings at the Plata Dorada copper and silver project.
The technical contents of the press release have been reviewed and approved by Jose A. Bassan, a qualified person as defined by National Instrument 43-101. The information in this article is based on a press release statement from Camino Minerals Corporation.
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