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Chakana Copper Corp.
Summary
| Project: | Soledad | |
|---|---|---|
| Deposit: | Breccia Pipe 1 | |
| Location: | Peru | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 3/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-3-2018: Chakana Copper Corp. announces an Exploration/Drilling Update report for its Breccia Pipe 1 deposit at the Soledad project. Drilling results incl. 52m @ 5.14g/t Au, 60.2g/t Ag, 1.48% Cu from 70m. Vancouver, B.C., March 2, 2018 – Chakana Copper C | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Kelley (Internal) | |
| ABSTRACT: | Vancouver, B.C., March 2, 2018 – Chakana Copper Corp. (TSX-V: PERU; OTC: CHKKF; FWB: 1ZX) (the “Company” or “Chakana”), is pleased to announce assays from five additional step-out holes in Breccia Pipe 1 (Bx 1) at its Soledad copper-gold-silver project in central Peru, optioned from Condor Resources Inc. The Soledad project (the “Project”) is located 35 km south of the Pierina mine in the prolific Miocene metallogenic belt of Peru. These results are a successful continuation of the drilling program that was initiated August 16, 2017, with the results of the first twenty-seven drill holes released previously (see: www.chakanacopper.com). This Phase 1 drilling program is ongoing with a total of 10,629m drilled to date out of an original planned program of 16,660m and is ahead of schedule and under budget. “One of our initial goals in this drill program was to increase the grade profile from previous explorers by drilling across the pipes to thoroughly test the margin zones”, said President and CEO David Kelley. “The results in these last five holes from Bx 1 demonstrate the high-grade nature of this pipe and the margin zone grades at the edge of the pipe. Three of the five holes have very high-grade margin zones such as 10.1m of 2.53% Cu, 7.72 g/t Au, and 26.0 g/t Ag in hole SDH18-044. Hole SDH18-046 has high-grade margin zones on both sides of the breccia pipe with 8.0m of 3.33% Cu, 11.70 g/t Au, and 24.8 g/t Ag on the northeast margin, and 6m of 2.37% Cu, 3.12 g/t Au, and 139.9 g/t Ag on the southwest margin. | |
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