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Chakana Copper Intersects Highest Grade Interval to Date 11m of 2.79 g/t Au, 4.04% Cu, and 330.8 g/t Ag (13.30 g/t Au-Eq) at Huancarama, Soledad Project, Peru
Within 93m of 1.63 g/t Au, 0.95% Cu, and 129.2 g/t Ag (4.77 g/t Au-Eq) from 117m Vancouver, B...
About this update from Chakana Copper Corp.
[{"type":"text","content":"Chakana Copper Intersects Highest Grade Interval to Date 11m of 2.79 g/t Au, 4.04% Cu, and 330.8 g/t Ag (13.30 g/t Au-Eq) at Huancarama, Soledad Project, PeruWithin 93m of 1.63 g/t Au, 0.95% Cu, and 129.2 g/t Ag (4.77 g/t Au-Eq) from 117mVancouver, British Columbia--(Newsfile Corp. - February 9, 2021) -  Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) (FSE: 1ZX) (the \"Company\" or \"Chakana\"), is pleased to release results for two additional drill holes with the highest-grade intercepts reported to date from the Huancarama Breccia Complex, within the Soledad Project in Ancash, Peru (Fig. 1). These holes complement the initial ten holes previously published (see news releases dated January 12, 2021, and January 25, 202). Twenty-two HQ diamond core holes have been completed thus far with continued success expanding the mineralized breccia at Huancarama.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*SDH20-16361.00149.0588.050.2830.70.320.771.17SDH20-164117.00210.0093.001.63129.20.953.124.77including124.00166.0042.002.90182.31.414.867.44including124.00135.0011.002.79330.84.048.6913.30including190.00194.004.002.61926.25.4415.0623.04 * 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).Utilizing the same platform on the south side of the breccia complex that holes SDH20-161 and SDH20-162 were drilled from, holes SDH20-163 and SDH20-164 were oriented east-northeast across the breccia body outlined by the first 10 drill holes (Figures 2 and 3). Both holes intersected continuous mineralization across the breccia body. Hole SDH20-163 was oriented beneath the north edge of the outcropping H1 breccia and intersected 88.05m with 0.28 g/t Au, 0.32% Cu, and 30.2 g/t Ag (1.17 g/t Au-eq) starting at 61m. Hole SDH20-164, drilled beneath the southeast edge of the collapse zone, encoun...