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Project: | Soledad | |
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Deposit: | Breccia Pipe 1 | |
Location: | Peru | |
Commodities: | Gold-Silver-Copper-Lead-Zinc | |
Date: | 10/18/2018 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 18-10-2018: Chakana Copper Corp. announces an Exploration/Drilling Update report for its Breccia Pipe 1 deposit at the Soledad project. Drilling results incl. 244.0m @ 1.41g/t Au, 55.6g/t Ag, 0.91% Cu from 0m. Vancouver, B.C., October 18, 2018 – Chakana C | |
Resources: | x | |
CP/QP: | [Overall Report]: David Kelley (Internal) | |
ABSTRACT: | Vancouver, B.C., October 18, 2018 – Chakana Copper Corp. (TSX-V: PERU; OTC: CHKKF; FWB: 1ZX) (the “Company” or “Chakana”), is pleased to announce it has completed infill drilling on the upper 450m mineralized extent of Breccia Pipe 1 (Bx 1) at the Soledad copper-gold-silver project in central Peru. All drilling to date has been on the portion of the Soledad Project optioned from Condor Resources Inc. Results of the previous fifty-eight drill holes have been released and are also available at www.chakanacopper.com. Two of the holes reported here were designed to explore the western extent of the Main zone, one was designed to penetrate the southern limit of the Main zone, and one (SDH18-078) was drilled outside and parallel to the breccia pipe to serve as a platform hole for a down-hole electromagnetic (EM) survey intended to more accurately identify drill targets extending beyond 450m depth (Figs. 1 and 2). The two holes that test the western limit of the Main zone intersected thick intervals of mineralized breccia. Drill hole SDH18-075 intercepted 102m with 0.75% Cu, 3.77 g/t Au and 55.9 g/t Ag (3.69% Cu_EQ; 5.65 g/t Au_EQ) and hole SDH18-077 intersected 244m with 0.91% Cu, 1.41 g/t Au and 55.6 g/t Ag (2.31% Cu_EQ; 3.53 g/t Au_EQ) before each hole exited the breccia pipe. “The results of these latest holes have identified mineralization consistent with the previous results released for Bx 1 and demonstrate the high-grade nature of the mineralized breccia pipe” states David Kelley, President and CEO. Examples of mineralized breccias from holes in this release are shown in Figure 3. | |
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