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Chakana Prepares to Drill the Mega-Gold and La Joya HSE Targets and Advances Drill Permit - Soledad Project, Peru
Vancouver, British Columbia--(Newsfile Corp. - February 22, 2023) - Chakana Copper Corp. (TSXV: ...
About this update from Chakana Copper Corp.
[{"type":"text","content":"Chakana Prepares to Drill the Mega-Gold and La Joya HSE Targets and Advances Drill Permit - Soledad Project, PeruVancouver, British Columbia--(Newsfile Corp. - February 22, 2023) - Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) (FSE: 1ZX) (the \"Company\" or \"Chakana\"), is pleased to provide this update on the Soledad project, located in the Ancash Province of Peru within the Miocene mineral belt. Soledad is an emerging copper-gold-silver discovery in the active Aija-Ticapampa mining district. An initial Inferred Resource (MRE) of 191,000 ounces of gold, 11.7 million ounces of silver, and 130 million pounds of copper hosted in tourmaline breccia pipes and open at depth was published in Q1 2022 (see news releases dated January 11 and February 23, 2022) contained within 4.8 million tonnes grading 0.72 g/t gold, 61 g/t silver and 0.97% copper assumed to be extractable by underground mining methods, plus an additional Inferred Resource of 1.9 million tonnes grading 1.29 g/t gold, 37.1 g/t silver and 0.65% copper assumed to be extractable by open pit mining methods. This resource reflects only a small portion of the potential of the Soledad mineral system as the tourmaline breccias are just one of several mineralization styles related to a major intrusive center at Soledad that are subject to ongoing exploration. The environmental permit for the southern half of the Soledad project was recently approved and once finalized, will allow exploration drilling on several of our largest exploration targets now defined through systematic multidisciplinary exploration.\"Getting access to the south half of the Soledad project for exploration drilling is an important milestone for the company, as it allows us to explore the complete mineral system with intrusion-hosted copper-gold zones at lower elevations that pass upwards into tourmaline breccia pipes and high-sulfidation epithermal gold-silver zones. These targets are exceptional. We have completed the surface exploration needed to spot drill holes, including detailed mapping and spectral alteration studies; soil and rock geochemistry; heavy mineral stream concentrates; ground magnetic, electromagnetic, gradient-array induced polarization, and offset (3D) induced polarization surveys,\" stated President and CEO David Kelley.Exploration TargetingThree principal target areas have been chos...