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Chakana Provides Initial Results of a Technical Review of Breccia Pipe 1: Controls on Metal Distribution and Gold-Rich Nature of Mineralization
Vancouver, British Columbia--(Newsfile Corp. - May 19, 2020) - Chakana Copper Corp. (TSXV: PE...
About this update from Chakana Copper Corp.
[{"type":"text","content":"Chakana Provides Initial Results of a Technical Review of Breccia Pipe 1: Controls on Metal Distribution and Gold-Rich Nature of MineralizationVancouver, British Columbia--(Newsfile Corp. - May 19, 2020) - Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) (FSE: 1ZX) (the \"Company\" or \"Chakana\"), has advanced the mineral occurrence and geological model of Breccia Pipe 1 (Bx 1, Fig. 1) at its Soledad project in Ancash, Peru. Bx 1 is one of twenty-three outcropping breccia pipes at Soledad and part of a cluster of 92 targets awaiting drill testing. This in-house study was conducted to document the controls on mineralization, to detail the distribution of gold, silver and copper within the upper-most part of the breccia pipe, and to look at various metal-mineralogical domains that will factor into the eventual resource models. Drill assays, mineralogy, and detailed core logs from the top 215m of the breccia pipe between an elevation of 4,345m (surface) and 4,130m were included in the study. This interval was selected because of the density of drill information and corresponding control on the pipe geometry, contacts, metal distribution, and breccia characteristics. The study is based on 6,787 assay intervals from diamond drill core previously reported between October 25, 2017 and October 18, 2018 (see Chakana's website and associated disclosure documents filed on Sedar for details). Sample intervals are dominantly 1 metre in length; some shorter sample intervals down to 0.1m were also collected to honor geologic contacts.Advisory: This is not a resource estimate. It is based upon the entire suite of continuous core samples from Bx 1. Average values quoted refer exclusively to said core samples and not the volume of enclosing rock. No advanced geostatistical treatment of the data, similar to that undertaken during resource estimation, has been applied. The results of this study are viewed in the light of exploration guidelines, including potential metal and mineral zoning relationships and what is required to test similar targets elsewhere at Soledad.Summary of FindingsBased on this study, several important controls are recognized:Gold is relatively enriched in the top 70 metres of the breccia pipe, with assay intervals averaging 4.76 g/t from surface to 4,275m elevation. Assays intervals located from the edge of the breccia pipe ...