Business
Chakana Copper Intersects 71.4 Metres With 2.91% Copper eq in Breccia Pipe 1 and 164.0 Metres With 1.84% Copper eq in Breccia Pipe 5
VANCOUVER, British Columbia, Feb. 22, 2018 (GLOBE NEWSWIRE) -- Chakana Copper Corp. (TSX-V:PERU) (the “Company” or “Chakana”), is pleased to announce assays fro
About this update from Chakana Copper Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 22, 2018 (GLOBE NEWSWIRE) -- Chakana Copper Corp. (TSX-V:PERU) (the “Company” or “Chakana”), is pleased to announce assays from the first two step-out holes in Breccia Pipe #1 (Bx #1) and the first nine holes from Breccia Pipe #5 at its Soledad copper-gold-silver project in central Peru, optioned from Condor Resources Inc. The Soledad project (the “Project”) is located 35 km south of the Pierina mine in the prolific Miocene metallogenic belt of Peru. These results are a successful continuation of the drilling program that was initiated August 16, 2017, with the results of the first sixteen drill holes released previously (see: www.chakanacopper.com). “These outstanding drill results continue to demonstrate both the continuity and grade potential of mineralization hosted in the breccia pipes,” said President and CEO David Kelley. “The first two holes (SDH17-033 and SDH17-034) drilled from a platform 80 metres off-pipe northeast of BX #1 intersected high-grade breccia mineralization. Hole 33 intersected 30 m grading 2.26% Cu, 0.52 g/t Au and 78.9 g/t Ag while hole 34 returned 71.4m of 1.53% Cu, 1.05 g/t Au and 81.7 g/t Ag, including a very high-grade margin zone with 34.4m of 2.84% Cu, 1.30 g/t Au and 89.3 g/t Ag from 354.6m. Individual one-metre assay samples in this margin region of Bx #1 reach 6.92% Cu (Figure 1). This interval is particularly interesting because clasts in the breccia are completely replaced by chalcopyrite, representing a new style of mineralization at Soledad, which is open at depth beneath this zone. Hole 34 also has strong mineralization in the halo of the breccia, with 31.5m of 93.8 g/t Ag, 0.57% Cu, 2.46% Zn and 2.03% Pb.” He adds, “We intend to continue our aggressive drill program which is moving along faster than expected.” New mineralized intervals from Breccia Pipe #1 are: DDH # Az Dip From - To (m) Core length (m) Aug/t Agg/t Cu % Zn % Pb % Cu-eq %* Au-eq g/t* SDH17-033 220 -55 112.00 142.00 30.00 0.52 78.9 2.26 3.27 5.01 and 158.00 161.00 3.00 0.22 28.9 2.00 2.39 3.66 SDH17-034 220 -70 250.50 282.00 31.50 93.8 0.57 2.46 2.03 1.37 and 317.60 389.00 71.40 1.05 81.7 1.53 0.63 1.1 2.91 4.46 including 354.60 389.00 34.40 1.30 89.3 2.84 4.45 6.81 * Cu_eq and Au_e...