Business
Chakana Copper Corp. Provides Corporate and Operational Update
VANCOUVER, British Columbia, Jan. 22, 2018 (GLOBE NEWSWIRE) -- Remo Resources Inc. (TSX-V:RER) (the “Company” or “Remo”) announces, further to the Company’s new
About this update from Chakana Copper Corp.
[{"type":"text","content":"VANCOUVER, British Columbia, Jan. 22, 2018 (GLOBE NEWSWIRE) -- Remo Resources Inc. (TSX-V:RER) (the “Company” or “Remo”) announces, further to the Company’s news release of October 5th and December 5th 2017, in respect of a proposed reverse take-over (the “Proposed Transaction”) with Chakana Copper Corp. (“Chakana”), that Chakana has now completed thirty-two drill holes over its Soledad Copper Gold Property, Peru, optioned from Condor Resources Inc., for a total of 7,962.7m out of its original plan of 16,660m. The drill program was initiated in August 2017 and is ongoing with a single drill rig. The program is currently ahead of schedule and under budget. Results from the first five holes in Breccia Pipe #1 were reported in news releases October 6th and October 25th, 2017 and are summarized below. DDH # Azimuth Dip From - To (m) Corelength(m) Aug/t Agg/t Cu % SDH17-017 360o -85o 0.0 146.6 146.6 2.51 48.6 0.77 Including - - 0.0 44.0 44.0 3.92 29.6 Including - - 44.0 146.6 102.6 1.91 56.8 1.1 SDH17-018 297o -81.5o 0.0 209.0 209.0 2.22 69.6 0.96 Including - - 0.0 40.0 40.0 4.21 18.6 Including - - 40.0 114.0 74.0 3.31 65.5 1.11 Including - - 145.0 209.0 64.0 0.72 139.1 1.84 SDH17-019 235o -77.2o 0.0 21.0 21.0 4.06 24.4 - And - - 87.0 124.0 37.0 0.80 136.1 2.20 And - - 205.0 230.25 25.25 1.72 221.4 1.64 SDH17-020 54.9o -86.8o 0.0 113.0 113.0 3.58 51.5 1.17 Including - - 0.0 43.0 43.0 4.11 31.8 Including - - 43.0 113.0 70.0 3.25 63.6 1.87 SDH17-021 55.2o -59.9o 0.0 36.8 36.8 4.42 23.2 - * The true widths of the mineralized intervals reported in this release are difficult to ascertain and additional drilling will be required to constrain the geometry of the mineralized zones All other results are currently embargoed pending closing of the Proposed Transaction. Samples are being assayed by ALS, a compliant full-service analytical provider to the global mining industry. Drilling to date has focused on Breccia Pipes #1 and #5 designed to establish the geometry and grade profile of the mineralization hosted within the pipes. Additionally, Chakana has submitted its application for a Semi-Detailed Environmental Impact Assessment (Estudio de Impacto Ambiental Semidetallado – EIA-SD) to allow for an expended exploration program that will include drilling a number of additional mineralized breccia pipes identified at surface, ...