- Camino (COR) is preparing for a field work program at its wholly owned Plata Dorada copper and silver project in Peru
- The program has been designed primarily to identify potential extensions of mineralised veins under cover
- While there has been little exploration to date, the project previously returned samples ranging from 0.3 per cent to 8.7 per cent copper and 70 grams per tonne to 1,500 grams per tonne of silver
- Vein systems at the project are thought to be similar to the Motherlode District in Mexico and the Golden Mile in Australia
- Camino (COR) is currently steady at C$0.16 per share
Camino (COR) is preparing for a field work program at its wholly owned Plata Dorada copper and silver project in Peru.
Located approximately 158 kilometres east of Cuzco, the project comprises six contiguous concessions across 2,100 hectares.
While there has been little exploration work at the Plata Dorada project to date, previous sampling operations returned between 0.3 and 8.7 per cent copper, along with 70 grams per tonne to more than 1,500 grams per tonne of silver.
There are two primary zones of mineralisation with multiple vein sets at the project, each of which have distinct orientations and strike lengths of more than 100 metres. Among a number of objectives, the upcoming program will seek to identify potential extensions of this mineralisation under cover.
According to existing data, the project is thought to share structural similarities with several prolific mesothermal vein districts, including the Motherlode District in Mexico, the Zacatecas District in California, the Coeur d’Alene District in Idaho, the Cassiar District in British Columbia and the Golden Mile in Kalgoorile, Western Australia.
Jay Chmelauskas, President and CEO of Camino, said the project is an example of an opportunity with high risk exploration and high reward.
“Our basis for exploring at Plata Dorada envisions the project as a potential very low capex, high-grade copper and silver project similar to the Cozamin mine operated in Mexico by mid-tier copper company Capstone Mining.
“Cozamin was built for capital expenditures of $50 million and has produced $450 million in cash flow over its life, and still operates today,” he added.
Camino (COR) is currently steady at C$0.16 per share at 1:53pm EDT.