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Chakana Copper Corp.
Summary
| Project: | Soledad | |
|---|---|---|
| Deposit: | Breccia Pipe 5 | |
| Location: | Peru | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 1/10/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-1-2019: Chakana Copper Corp. announces an Exploration/Drilling Update report for its Breccia Pipe 5 deposit at the Soledad project. Drilling results incl. 153.40m @ 1.68g/t Au, 25.2g/t Ag, 0.42% Cu from 0.00m. Vancouver, B.C., January 10, 2019 – Chakan | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Kelley (Internal) | |
| ABSTRACT: | Vancouver, B.C., January 10, 2019 – 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 340m mineralized extent of Breccia Pipe 5 (Bx 5) 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. The four holes reported here were designed to explore the upper 200m extent of the breccia pipe from surface (Figs. 1 and 2). Chakana had previously released thirteen drill holes from Bx 5 (see news releases dated February 22, 2018 and November 13, 2018 on www.sedar.com), that included a 264m intercept with 0.71% Cu, 1.30 g/t Au and 24.3 g/t Ag (1.77% Cu_EQ; 2.82 g/t Au_EQ) from surface in hole SDH18-080. All four holes intersected significant intervals of mineralization. Hole SDH18-084 was drilled to the south from a collar located on the east-central part of the breccia pipe and intersected 103.3m of mineralized breccia from surface with 0.42% Cu, 1.36 g/t Au, and 46.7 g/t Ag. Excluding the oxide zone, primary grades are 0.56% Cu, 1.07 g/t Au, and 31.4 g/t Ag for 72.3m starting at 31m depth. Hole SDH18-086 intersected 140.4m of primary mineralization from 13m with 0.46% Cu, 1.70 g/t Au, and 23.5 g/t Ag. “These results compliment results from the previous thirteen holes in Bx 5 and demonstrate good continuity of mineralization in the breccia. As with Bx 1, mineralization at Bx 5 remains open at depth. In addition, numerous known breccia pipes and exploration targets remain to be tested,” said President and CEO David Kelley. Examples of mineralized breccias from holes in this release are shown in Figure 3. | |
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