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Chakana Copper Corp.
Summary
| Project: | Soledad | |
|---|---|---|
| Deposit: | Breccia Pipe 7 | |
| Location: | Peru | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 7/29/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-7-2019: Chakana Copper Corp. announces an Exploration/Drilling Update report for its Breccia Pipe 7 deposit at the Soledad project. Drilling results incl. 131.65m @ 0.59g/t Au, 56.9g/t Ag, 0.09% Cu from 65.35m. Vancouver, B.C., July 29, 2019 – Chakana | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Kelley (Internal) | |
| ABSTRACT: | Vancouver, B.C., July 29, 2019 – Chakana Copper Corp. (TSX-V: PERU; OTCQB: CHKKF; FRA: 1ZX) (the “Company” or “Chakana”), is pleased to release the first drill results from scout drilling on Breccia Pipe 7 (Bx 7) at the Soledad copper-gold-silver project in central Peru. All four drill holes intersected significant mineralization, including 31.0m with 0.68 g/t Au, 205.9 g/t Ag, and 0.23% Cu from 157m in hole SDH19-111 and 35.0m with 0.80 g/t Au, 53.8 g/t Ag, 0.35% Cu from surface in hole SDH19-114. This is the first time Bx 7 has been drilled. Bx 7 is located 340 metres northeast of Bx 1 and is one of twenty-three outcropping breccia pipes identified to date on the property (Fig. 1). Including Bx 7, only five of the twenty-three breccia pipes have been drilled to date. The four shallow holes reported here were designed to explore the uppermost 200m segment of Bx 7 (Figs. 2 and 3) and to provide some indication of pipe geometry and grade distribution. Drill collars were located outside of the breccia pipe within the wall rock that hosts the breccia. All drill holes achieved the objective of intersecting the pipe, defining contacts on opposite sides of the pipe. “These initial scout drilling results are excellent in that they confirm a fourth mineralized breccia pipe on the property. Bx 7 appears to be more enriched in silver and gold compared to copper although that could change with depth. It is difficult to determine the geometry of the pipe with just four drill holes, but we currently estimate the diameter between 40-50m,” said President and CEO David Kelley. “It is also noteworthy that hole SDH19-111 intersected 12.6m of mineralized breccia 15m north of the main breccia body (Fig. 3). This is reminiscent of the blind breccia body encountered in drilling Bx 1 (see news release dated June 26, 2018). Several additional holes will be drilled under SDH19-111 after the scout drilling of the Phase 3 drill program is nearing completion,” added Kelley. Examples of mineralized breccias from holes in this release are shown in Figures 4 and 5. | |
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