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Chakana Intersects 29 Metres With 1.24 g/t Gold, 0.76% Copper, and 227.7 g/t Silver (5.37 g/t Au_eq, 3.52% Cu_eq) at Breccia Pipe 6
VANCOUVER, British Columbia, April 02, 2019 (GLOBE NEWSWIRE) -- Chakana Copper Corp. (TSX-V: PERU; OTCQB: CHKKF; FWB: 1ZX) (the “Company” or “Chakana”), is plea
About this update from Chakana Copper Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, April 02, 2019 (GLOBE NEWSWIRE) -- Chakana Copper Corp. (TSX-V: PERU; OTCQB: CHKKF; FWB: 1ZX) (the “Company” or “Chakana”), is pleased to release additional drill results from Breccia Pipe 6 (Bx 6) at the Soledad copper-gold-silver project in central Peru. All six drill holes intersected significant mineralization, including 29.0m with 1.24 g/t Au, 0.76% Cu, and 227.7 g/t Ag from 64m in hole SDH18-103 and 14.0m with 3.83 g/t Au, 1.92% Cu, and 12.9 g/t Ag from 86m in hole SDH18-107. The initial eight drill holes in Bx 6 were previously reported (see news release dated February 7, 2019 at www.sedar.com). Bx 6 is located 500 metres north of Bx 5 and 1 km northwest of Bx 1 and is the northernmost and highest elevation outcropping breccia pipe identified to date in the Soledad cluster. There are seventeen confirmed breccia pipes on the Soledad project, twelve of which occur in the Soledad cluster, along with twelve other distinctive targets that are consistent with alteration encountered adjacent to breccia pipes in previous drilling (Fig. 1). Four of the seventeen confirmed pipes have been drilled to date. Five of the six drill holes reported here were designed to explore the uppermost 400m extent of Bx 6 (Figs. 2 and 3) within the upper breccia, while the sixth hole was designed to test a possibly separate, lower breccia body encountered in drilling by a previous company in 2016. Drill collars were located on the north central part of the breccia pipe and oriented southeast and southerly. The prospective northern margin of the pipe remains undrilled. Subsequent drilling from step out platforms will help to determine the grade and the overall geometry and plunge of the breccia. “These results are an outstanding continuation of the drilling at Bx 6, the third tourmaline breccia pipe drilled on the property to date with pervasive mineralization. These results have high silver grades while still maintaining impressive gold and copper grades. The northern margin of the upper breccia is still open and needs about 2,500m of drilling to confirm the geometry and grade distribution. Mineralization in the lower breccia is impressive in that it occurs within a zone of intense sulfide replacement of tourmaline breccia, similar to what we have seen in Bx 1. The breccia is open at depth and laterally. In places...