You can do this without derivatization if you can heartcut the menthol peak from the 5-phase to a wax phase. I extracted a petrolatum containing menthol and camphor from my medicine cabinet at home. My gel didn't completely dissolve in methanol but I did get a lot of both camphor and menthol in the extract (27 mg in 40 mL of MeOH, 10 minutes in a sonic bath, dilute 1:100 for SPME analysis). When I diluted my methanol extract with water and analyzed the solution by headspace spme (100% pdms fiber), the heartcut of only the menthol peak from the 5-phase (ZB-5 from Phenomenex) to the wax (Simplicity-Wax from Supelco) showed both analytes easily resolved on the second phase. The heartcut time was determined by injecting a short spme collection of the menthol reagent bottle and determining the retention time on the 5-phase. Direct injection of the methanol extract would work as well. My system is set up for headspace spme analysis.
This instrument is an Agilent 7890B GC with an FID monitoring the 5-phase separation and a 5977 mass spec. monitoring the wax-phase separation. I purchased Agilent's version of the "dean's switch" for this system. It was a little tricky to balance when I first started using it but it works like a charm now.
Here are the chromatograms and mass spectra for analysis of the methanol extract of the petrolatum from my medicine cabinet (paste the link in your browser if it's not hyperlinked):
https://onedrive.live.com/redir?resid=4 ... file%2cpdf