Camino says geophysical survey of copper and gold targets is underway at its Los Chapitos project in Peru

Camino Corp (CVE:COR) (OTCPINK:CAMZF) said it has commenced a geophysics campaign at its Los Chapitos copper project in Peru, consisting of 258 line kilometres of magnetic vector inversion modelling.

The survey is targeting locations of previously reported sampling of artisanal workings that returned up to 5.12% copper (Cu) and 9.33 grams per ton (g/t) gold (Au), with vein samples measuring 0.3 metres (m) to 0.6m. This area, a 3-kilometre by 4-kilometre section known as Lidia, is geochemically anomalous for high-grade copper and gold, with 238 samples taken in 2018-19 averaging 0.78% Cu, and up to 23% Cu and 11 g/t Au. 

The survey will also cover the large alterations zones at the Lourdes and Condori areas, with extensions to the Lagunillas fault and Diva West, the company said. The results will help it identify subsurface structure and, potentially, the continuity and dissemination of copper and gold mineralization at depth, the company said.

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“Our geophysics campaign is aimed at extending mineralization 4 to 5 km to the north of previously drilled areas,” Camino CEO Jay Chmelauskas said in a statement. “We will be surveying zones of high-grade copper and gold sampled in artisanal workings, and also areas with massive alteration zones. The massive alteration zones are coincident with oxidized copper outcrops, so could provide the fluid mechanism for significantly more disseminated copper mineralization.”

Results are expected in July and will guide Camino’s drilling campaign at Los Chapitos in August 

“Our geological modelling includes lithology and alteration zonation and cross-cutting features that is focused on developing a predictive discovery model to apply across our extensive Los Chapitos copper property,” Camino chief geologist Jose Bassan said. “The geophysical study covers new areas of copper mineralization, beyond our current drilling, and complements the geological models being developed by Camino’s geological team.”

The method used will be magnetization vector inversion (MVI) modelling that has previously shown good correlation with magnetic bodies to reveal structures and responses of magnetic changes at depth, the company said.  MVI is a 3D inversion technique that inverts for both amplitude and direction of the magnetization and produces more geologically reasonable results in areas with complex magnetic features.

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Story by ProactiveInvestors