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Chakana Copper Intersects 101.5m of 0.61 g/t Au, 0.91% Cu, and 19.8 g/t Ag (2.26 g/t Au-eq) from 32m at Paloma West, Soledad Project, Peru
Vancouver, British Columbia--(Newsfile Corp. - December 16, 2020) -   Chakana Copper Corp...
About this update from Chakana Copper Corp.
[{"type":"text","content":"Chakana Copper Intersects 101.5m of 0.61 g/t Au, 0.91% Cu, and 19.8 g/t Ag (2.26 g/t Au-eq) from 32m at Paloma West, Soledad Project, PeruVancouver, British Columbia--(Newsfile Corp. - December 16, 2020) -  Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) (FSE: 1ZX) (the \"Company\" or \"Chakana\"), is pleased to release new drill results from four holes at its high-grade copper-gold-silver Paloma West discovery at the expanded Soledad Project in Ancash, Peru. These results are part of the ongoing Phase 3 drill program, a fully funded 15,000 metre drill program that started August 15, 2020. Phase 3 is testing a cluster of high-grade, gold-enriched tourmaline breccia pipe targets within the Paloma and Huancarama breccia complexes (Fig. 1). Twenty holes have now been reported from the two Paloma targets for a total of 3,630 metres. Drilling is currently underway at Huancarama where thirteen holes have been completed thus far.Mineralized intervals from these four holes at Paloma West include: DDH #From - To (m)Core Length (m)Aug/tAgg/tCu %Cu-eq%*Au-eq g/t*SDH20-149No Significant ResultsSDH20-15013.0081.0068.000.5222.50.721.251.92including14.0039.0025.000.9551.61.382.443.74SDH20-15123.5077.0053.500.7827.41.262.003.07including45.3063.0017.701.7642.42.494.006.12and85.0095.0010.000.3239.41.201.752.67SDH20-15232.00133.50101.500.6119.80.911.482.26including32.0050.0018.000.8149.12.733.685.63including86.00122.0036.001.0520.80.861.722.64 * Cu_eq and Au_eq values were calculated using copper, gold, and silver. Metal prices utilized for the calculations are Cu - US$2.90/lb, Au - US$1,300/oz, and Ag - US$17/oz. No adjustments were made for recovery as the project is an early stage exploration project and metallurgical data to allow for estimation of recoveries are not yet available. The formulas utilized to calculate equivalent values are Cu_eq (%) = Cu% + (Au g/t * 0.6556) + (Ag g/t * 0.00857) and Au_eq (g/t) = Au g/t + (Cu% * 1.5296) + (Ag g/t * 0.01307).Summary information for results reported in this release; holes SDH20-149 to SDH20-151 were drilled from the northwest side of the exposed breccia pipe, and SDH20-152 was drilling from the southwest side of the breccia pipe (Figs. 2-3): SDH20-149 was drilled to the east-southeast and failed to intersect breccia, which is plunging southwest in the uppermost 70 metres of the breccia ...