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Chakana Copper Corp.
Summary
| Project: | Soledad | |
|---|---|---|
| Deposit: | Soledad | |
| Location: | Peru | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 11/20/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-11-2019: Chakana Copper Corp. announces an Exploration/Drilling Update report for its Soledad deposit at the Soledad project. Drilling results incl. 41.00m @ 0.12g/t Au, 6.0g/t Ag, 0.79% Cu from 385.00m. Vancouver, B.C., November 19, 2019 – Chakana Cop | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Kelley (Internal) | |
| ABSTRACT: | Vancouver, B.C., November 19, 2019 – Chakana Copper Corp. (TSX-V: PERU; OTCQB: CHKKF; FRA: 1ZX) (the “Company” or “Chakana”), is pleased to provide new surface and subsurface assay results from the Huancarama Breccia Complex, a general exploration update, and additional reconnaissance drilling results for the Soledad project in Peru. A total of 5,717m of drilling has been completed in the Phase 3 drill program that began in June, 2019. In addition, Bx 3W is mineralized with pyrite in a well-developed tourmaline breccia but lacks significant grade to the depths tested. This may be a function of zoning with the potential for copper at depth. Continued permitting delays have limited our ability to drill in the Huancarama and Paloma areas. While we have successfully completed drill testing on other priority targets to date, we have decided to temporarily suspend drilling until the permits are obtained for these higher priority targets. This will ensure that we have the capital available to drill high priority drill targets as soon as the proper permits are obtained. The recent dismissal of Congress by the current administration and subsequent temporary replacement of Cabinet positions until elections are held has caused additional disruptions in the permitting process. We remain persistent in our approach to obtain the necessary permit approvals that will allow the restart of drilling. | |
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