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Chakana Copper Intersects 120.4m of 0.51 g/t Au, 0.83% Cu, and 34.6 g/t Ag (1.46% Cu-Eq; 3.71 G/t Au-Eq) from 101.3m at Huancarama, Soledad Project, Peru
Vancouver, British Columbia--(Newsfile Corp. - January 25, 2021) - Chakana Copper Corp. (TSXV...
About this update from Chakana Copper Corp.
[{"type":"text","content":"Chakana Copper Intersects 120.4m of 0.51 g/t Au, 0.83% Cu, and 34.6 g/t Ag (1.46% Cu-Eq; 3.71 G/t Au-Eq) from 101.3m at Huancarama, Soledad Project, PeruVancouver, British Columbia--(Newsfile Corp. - January 25, 2021) - Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) (FSE: 1ZX) (the \"Company\" or \"Chakana\"), is pleased to release results for two additional drill holes from the recently-announced discovery at the Huancarama Breccia Complex, within the Soledad Project in Ancash, Peru (Fig. 1). The holes complement the initial eight holes that were published on January 12, 2021. Drilling at Huancarama is ongoing where eighteen HQ diamond core holes have been completed thus far.Mineralized intervals from two additional holes at Huancarama include: DDH #From - To (m)Core Length (m)Aug/tAgg/tCu %Cu-eq%*Au-eq g/t*SDH20-16186.00193.00107.000.2833.70.420.891.36including126.00162.0036.000.3459.80.931.662.54SDH20-162101.30221.70120.400.5134.60.831.463.71including101.30173.5072.200.7946.91.322.243.42including109.00139.0030.001.4488.22.554.266.50 * 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).Holes SDH20-161 and SDH20-162 were drilled to the northeast from the south side of the breccia complex (Figures 2 and 3). Both holes intersected continuous mineralization across the breccia body previously defined by the first eight holes and an historical tunnel that transects the breccia. Hole SDH20-161 was oriented directly beneath a collapse zone and intersected 107m with 0.28 g/t Au, 0.42% Cu, and 33.7 g/t Ag (1.36 g/t Au-eq) starting at 86m; hole SDH20-162, drilled beneath the west edge of the collapse zone, encountered 120.4m with 0.51 g/t Au, 0.83% Cu, and 34.6 g/t Ag (3.71 g/t Au-eq) from 101.3m depth, including 72.2m with 0.79 g/t Au, 1.32% Cu, and 46.9 g/t Ag (3.42 g/t Au-eq) from 101.3m. A higher-grade zone of 30.0m with 1.44 g/t Au, 2.55% Cu, and 88.2 g/t Ag (6....