Mining company Camino Minerals reported the exploration results of its Los Chapitos copper mine project in Peru, indicating the potential discovery of new copper and silver resources. The company and its partner, Nittetsu Mining Co., Ltd., have completed drilling activities at Pampero and plan to conduct further exploration in H2 2025.
In the DCH-118 drill hole, which reached a depth of 157.6 meters, the copper grade reached 0.5%, and the silver grade reached 3.15 ppm. Surface rock chip sampling at Pampero also revealed high copper grades, with some samples showing copper content as high as 3.8% and silver content of 4.0 ppm.
The Los Chapitos project is located near Chala in the Arequipa region and benefits from its proximity to the metallogenic copper-silver belt in northern Chile, which hosts operating mines such as Michilla and Las Luces. The geological conditions in the area suggest a high potential for copper discovery, a sentiment echoed by Camino's CEO, Jay Chmelauskas, who emphasized the importance of continuing drilling to uncover new prospects.
Camino is pursuing a dual strategy of developing its permitted Puquios copper mine in Chile and actively exploring for new copper deposits in Peru.
