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Chakana Copper Corp.
Summary
| Project: | Soledad | |
|---|---|---|
| Deposit: | Breccia Pipe 5 | |
| Location: | Peru | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 11/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-11-2018: Chakana Copper Corp. announces an Exploration/Drilling Update report for its Breccia Pipe 5 deposit at the Soledad project. Drilling results incl. 264.0m @ 1.30g/t Au, 24.3g/t Ag, 0.71% Cu from 0m. Vancouver, B.C., November 13, 2018 – Chakana | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Kelley (Internal) | |
| ABSTRACT: | Vancouver, B.C., November 13, 2018 – Chakana Copper Corp. (TSX-V: PERU; OTC: CHKKF; FWB: 1ZX) (the “Company” or “Chakana”), is pleased to announce additional results from infill drilling on Breccia Pipe 5 (Bx 5) at the Soledad copper-gold-silver project in central Peru (the “Soledad Project”). 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 250m extent of the breccia pipe (Figs. 1 and 2). Chakana had previously released nine drill holes from Bx 5 (see news release dated February 22, 2018 at www.sedar.com), including 164m with 0.51% Cu, 1.68 g/t Au and 27.4 g/t Ag (1.84% Cu_EQ; 2.82 g/t Au_EQ) from 12m in hole SDH17-041. All four holes intersected significant intervals of mineralization. Hole SDH18-080 was drilled to the southeast from a collar located on the northeast part of the breccia pipe and is the best hole drilled to date on Bx 5 in terms of grade-thickness. Excluding the oxide zone, primary grades are 0.79% Cu, 1.30 g/t Au, and 21.6 g/t Ag for 234m starting at 30m depth. Previous results from hole SDH17-038, drilled to the east at 82 degrees azimuth from the same collar location, also had high copper grades with 1.21% Cu, 0.70 g/t Au, and 53.8 g/t Ag for 23m starting at 38m depth. “These results are very encouraging for Bx 5 in terms of continuity of mineralization and the suggestion of higher copper grades on the eastern side of the breccia pipe. Drill results from both Bx 1 and Bx 5 are open at depth and numerous additional 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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