Camino Signs Earn-in and Joint Venture Letter of Intent with Nittetsu Mining for the Los Chapitos Copper Project, Peru

Feb 01, 2023

VANCOUVER, BC / ACCESSWIRE / February 1, 2023 / Camino Corp. (TSXV:COR, Financial)(OTC PINK:CAMZF)(WKN:A116E1) ("Camino" or the "Company") is pleased to announce that on January 31, 2023, it has entered into a non-binding Letter of Intent to partner with Nittetsu Mining Co., Ltd. ("Nittetsu") at its Los Chapitos copper exploration project ("Los Chapitos" or the "Project") in Peru. Nittetsu operates the Atacama Kozan copper mine located in northern Chile that was developed from an Iron Oxide Copper Gold ("IOCG") deposit style similar to Camino's Los Chapitos Copper Project. Nittetsu can earn a 35% interest in the Project by making payments and expenditures totalling CAD $10,100,000 over three years. Proceeds will be applied towards exploration, infill drilling, and metallurgical and engineering studies. Camino will remain the operator of the Project.

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