- Chakana Copper (PERU) has begun a follow-up drilling program at its Soledad Project in Peru
- Drilling is currently underway at Paloma East, which will be followed by Paloma West and the Huancarama breccia pipe complex
- The program is a continuation of a Phase Three campaign launched in June last year, which saw 5,717 metres of diamond drilling completed
- Drilling was suspended in October as the company waited for permits, and was further delayed by the onset of COVID-19
- Chakana Copper (PERU) is currently up 3.77 per cent and is trading at C$0.55 per share
Chakana Copper (PERU) has begun a follow-up drilling program at its Soledad Project in Peru.
The program follows on from a Phase 3 campaign that was launched in June last year and saw a total of 5,717 metres completed. Exploration work identified key zones of mineralisation in Breccia Pipe 7 and Breccia Pipe 5.
However, drilling was suspended in October as the company waited for permits that would allow for the testing of targets in expanded mineral rights, and was further delayed by the onset of the COVID-19 pandemic.
Now that Chakana Copper has resumed drilling at the Soledad Project, the company is focusing on the Paloma East target, which will be followed by the Paloma West target and the Huancarama breccia pipe complex.
These outcrops are partially defined by high0grade rock samples that were collected during earlier surface exploration work, but have not yet been drilled.
Initial drilling efforts have been designed to evaluate the geometry and plunge of the Paloma East breccia pipe, as well as the various grades off mineralisation.
Should Chakana encounter substantial mineralisation, the company will conduct in-fill drilling at a density that would facilitate an inferred resource estimation.
Drill hole SDH20-133 is currently in progress at a depth of roughly 22.7 metres, having identified tourmaline breccia at a depth of 18.6 metres.
David Kelley, President and CEO of Chakana Copper, said it is a very exciting time for the company’s team to begin drilling at newly defined targets.
“The Paloma and Huancarama targets are some of the best of the ninety-two identified targets on the 3,085-hectare property.
“The drilling program is running concurrently with a surface channel sampling program that we expect will contribute to the maiden resource estimate for the project,” he added.
Chakana Copper (PERU) is currently up 3.77 per cent and is trading at C$0.55 per share at 2:10pm EDT.