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Chakana Copper Intersects 126.2m of 0.31 g/t Au, 0.53% Cu, and 34.6 g/t Ag (1.03% Cu-Eq; 1.57 g/t Au-Eq) from 92.8m at Huancarama, Soledad Project, Peru
Vancouver, British Columbia--(Newsfile Corp. - January 12, 2021) -   Chakana Copper Corp....
About this update from Chakana Copper Corp.
[{"type":"text","content":"Chakana Copper Intersects 126.2m of 0.31 g/t Au, 0.53% Cu, and 34.6 g/t Ag (1.03% Cu-Eq; 1.57 g/t Au-Eq) from 92.8m at Huancarama, Soledad Project, PeruVancouver, British Columbia--(Newsfile Corp. - January 12, 2021) -  Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) (FSE: 1ZX) (the \"Company\" or \"Chakana\"), has resumed its 15,000m drill program at the Soledad Project in Ancash, Peru. Prior to taking a short holiday break in late December, field crews had completed thirty-four drill holes for 6,634 metres at three high priority targets: Paloma East, Paloma West, and the Huancarama Breccia Complex (Fig. 1). The Company is now pleased to release additional positive results from the initial eight drill holes from the eastern portion of the Huancarama Breccia Complex, having previously reported on the new discoveries at Paloma East and Paloma West. Mineralized intervals from initial holes at Huancarama include: DDH #From - To (m)Core Length (m)Aug/tAgg/tCu %Cu-eq%*Au-eq g/t*SDH20-15330.7090.3059.600.2017.90.210.490.76including30.7047.0016.300.3412.30.100.430.65including57.0090.3033.300.1724.40.300.620.95SDH20-15454.00106.0552.050.3558.30.260.991.51SDH20-1559.8065.3055.500.3326.80.68including37.0062.0025.000.4342.10.98SDH20-15667.4084.9517.550.7276.00.441.562.39SDH20-15784.10161.0076.900.2744.30.280.841.28including84.1088.404.301.03114.01.262.914.45SDH20-15896.7098.201.503.38352.00.906.129.36and116.00139.1023.100.5136.50.99SDH20-15971.00210.00139.000.3039.20.290.821.26SDH20-16092.80219.00126.200.3134.60.531.031.57including138.00151.0013.000.6048.41.402.213.37including184.00205.0021.000.5858.81.352.233.41 * 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).In addition to summary information reported here readers are also referred to figures 2 and 3 (included):Holes SDH20-153 to SDH20-155 are shallow holes drilled across the H1 breccia outcrop aiming to the...