Gold loses some luster after Trump’s decisive win
Gold’s slide is a marked turnaround for a commodity that had surged by more than 30% in the year leading up to the US vote.
Camino Minerals (TSXV: COR) announced it is updating and extending by two years the Declaración de Impacto Ambiental (DIA – Environmental Impact Assessment) permit spanning the Atajo zone on its 22,000-hectare Chapitos copper-gold project in southern Peru.
In a media statement, Camino’s CEO John Williamson said that by extending the permit, the company will be able to utilize the detailed geological mapping that is currently underway at Atajo.
To be able to further advance activities at Chapitos, the Canadian miner has been working with the nearby community of Atiquipa, whose land covers the western half of the property including the Atajo Zone
“With a better understanding of the structure, alteration, and mineralization, we will be able to more accurately test these strong zones of mineralization during future drilling,” Williamson said.
The executive said that the Atajo DIA permit was originally granted by the Peruvian Ministry of Energy and Mines in September 2017 and included 20 fixed-location drill platforms.
Back then, eight exploratory holes were drilled and intersected up to 0.83% copper over 16.3 metres, including 2.09% copper over 5 metres.
“As our understanding of the Diva Trend mineralizing system (6 kilometres to the northeast) has evolved through detailed geological mapping, a similar approach has been implemented and is now underway at Atajo,” Williamson added. “To complement the mapping additional rock sampling, trenching, and drone imagery has begun. At the same time our geological team will reposition and update the permitted pad locations through MINEM to better target the mineralization during future drill campaigns.”
Los Chapitos is located eight hours south of Lima, and some 15 kilometres from the towns of Chala and Tanaka.
