Business
Chakana Intercepts 76 m of 0.93 g/t Au, 1.04% Cu, and 53.1 g/t Ag and Provides Exploration Update
VANCOUVER, British Columbia, Feb. 07, 2018 (GLOBE NEWSWIRE) -- Chakana Copper Corp. (TSX-V:PERU) (the “Company” or “Chakana”), is pleased to provide a general e
About this update from Chakana Copper Corp.
[{"type":"text","content":"VANCOUVER, British Columbia, Feb. 07, 2018 (GLOBE NEWSWIRE) -- Chakana Copper Corp. (TSX-V:PERU) (the “Company” or “Chakana”), is pleased to provide a general exploration update and announce assays from an additional six holes 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 ten drill holes released previously (see: www.chakanacopper.com). “The latest results are consistent with the earlier results in confirming the high-grade nature of the mineralization in the first of nine mineralized breccia pipes to be drilled by the company,” said President and CEO David Kelley. “We continue to see strong mineralization in the matrix of the breccia (see Figure 1). In addition to the nine confirmed pipes, there are numerous other occurrences of strongly altered andesite with sheeted quartz-sericite-sulfide veining, indicating the possible presence of blind pipes. These will be tested in our drill program throughout the year.” Significant 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* SDH17-027 190 -65 0.0 12.0 12.0 3.54 78.1 4.56 and 133.4 143.0 9.6 1.60 6.0 0.29 1.39 2.12 and 161.0 168.0 7.0 0.81 49.4 1.93 0.76 0.36 2.88 4.41 SDH17-028 255 -75 0.0 14.0 14.0 4.48 27.3 4.84 and 204.25 231.4 27.15 0.76 74.0 2.51 3.64 5.57 SDH17-029 210 -75 0.0 14.4 14.4 5.84 38.0 6.34 and 94.9 121.0 26.1 0.63 226.6 3.69 0.84 0.76 6.04 9.24 and 133.0 145.0 12.0 0.17 8.5 0.69 0.87 1.34 and 203.0 222.0 19.0 2.01 32.4 1.97 3.56 5.45 SDH17-030 170 -77 0.0 14.0 14.0 3.29 68.6 4.19 and 98.0 118.0 20.0 0.71 18.1 0.44 1.06 1.62 SDH17-031 145 -83 0.0 135.0 135.0 1.02 35.2 0.60 1.57 2.40 including 0.0 59.0 59.0 1.15 12.1 1.31 includ...