- Chakana (PERU) has reported drilling results from its Soledad Project in Peru
- Highlights include up to 2.71 g/t gold, 611.4 g/t silver and 12.35 per cent copper
- Exploration will continue on the southern half of the project targeting outcropping mineralized tourmaline breccia pipes
- Chakana Copper is a Canadian-based mineral exploration company advancing the Soledad Project in the Ancash region of Peru
- Chakana (PERU) is up by 6.67 per cent and is currently trading at $0.32 per share
Chakana (PERU) has reported drilling results from its Soledad Project in Peru.
The results stem from thirteen holes drilled in the Huancarama breccia pipe in 2021 totalling 3,265 m. The program seeks to define several breccia pipes and test new exploration targets toward an initial resource estimate.
Huancarama is part of a breccia complex with six outcropping breccias over a lateral distance of 200 m east-west. The company has intercepted breccia to a depth of 492 m, which remains open.
All resource definition holes intersected significant mineralization. In addition to high copper (up to 12.35 per cent), gold (up to 2.71 g/t) and silver (up to 611.4 g/t) grades, three of the holes also intersected very strong molybdenum at depths of 350 m.
“The multiple high-grade intercepts from Huancarama are a fitting conclusion to the 2020-2021 resource drilling program at Soledad,” stated David Kelley, Chakana’s President and CEO. “Since restarting the drill program in August of 2020, we have completed over 30,000 m of drilling in 143 drill holes.”
“The initial resource estimate on the shallower extent of several breccia pipes, a first for the project, is nearing completion and will help us better understand the upside potential of the broader Soledad Project,” he added. “Mineralized tourmaline breccia pipes occur within a 12 km2 area, within which we have defined 110 targets through systematic multidisciplinary exploration. Only 16 out of the 110 targets have been tested thus far.”
Exploration will continue on the southern half of the project where permitting is well advanced. Targets include outcropping mineralized tourmaline breccia pipes.
Chakana Copper is a Canadian-based mineral exploration company advancing the Soledad Project in the Ancash region of Peru.
Chakana (PERU) is up by 6.67 per cent and is currently trading at $0.32 per share as of 1:37 pm EST.