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Chakana Copper Corp.
Summary
| Project: | Soledad | |
|---|---|---|
| Deposit: | Breccia Pipe 6 | |
| Location: | Peru | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 2/7/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-2-2019: Chakana Copper Corp. announces an Exploration/Drilling Update report for its Breccia Pipe 6 deposit at the Soledad project. Drilling results incl. 59.30m @ 1.28g/t Au, 497.2g/t Ag, 0.53% Cu from 28.00m. Vancouver, B.C., February 7, 2019 – Chakan | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Kelley (Internal) | |
| ABSTRACT: | Vancouver, B.C., February 7, 2019 – Chakana Copper Corp. (TSX-V: PERU; OTC: CHKKF; FWB: 1ZX) (the “Company” or “Chakana”), is pleased to release initial drill results from Breccia Pipe 6 (Bx 6) at the Soledad copper-gold-silver project in central Peru. Bx 6 is located 500 metres north of Bx 5 and 1 km northwest of Bx 1 and is the northernmost and highest elevation outcropping breccia pipe identified to date in the Soledad cluster. There are seventeen confirmed breccia pipes on the Soledad project, twelve of which occur in the Soledad cluster, along with twelve other targets with distinctive alteration that is consistent with the alteration encountered adjacent to breccia pipes in previous drilling (Fig. 1). Four of the seventeen confirmed pipes have been drilled to date. The eight drill holes reported here were designed to explore the uppermost 150m extent of Bx 6 (Figs. 2 and 3). Bx 6 has a prominent surface expression with steep vertical walls on the east, south, and west sides (Fig. 2A). Drill collars were located on the north central part of the breccia pipe and oriented southeast and southerly. The northern quadrant of the pipe remains undrilled. Planned drilling from step out platforms will subsequently help to determine the grade and to delineate the geometry and plunge of the breccia. Seven of the eight holes intersected significant mineralization, including 59.3m with 1.28 g/t Au, 0.53% Cu, and 497.2 g/t Ag from 28m in hole SDH18-102. Within this interval a 22.8m zone intersected 2.93 g/t Au, 1.37% Cu, and 1,283.2 g/t Ag. “These results are an outstanding start for Bx 6, the third mineralized tourmaline breccia pipe drilled on the property to date. Bx 6 has high silver grades compared to Bx 1 and Bx 5, possibly indicating property-scale zoning between the pipes. It is very encouraging to see grades like this early in the drilling of a pipe. Mineralization in Bx 6 is open at depth and to the north. We also intersected a very interesting zone of mineralization in the wall rock, away from the tourmaline breccia, with 30.89m of 2.04 g/t Au and 31.7 g/t Ag from 57.0m in SDH18-101,” said President and CEO David Kelley. Examples of mineralized breccias from holes in this release are shown in Figures 4 and 5. | |
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