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Chakana Reports 220m of 0.62 g/t Gold, 79.0 g/t Silver, and 0.20% Copper (1.96 g/t Au-EQ) from Surface at Breccia Pipe 7 and Provides Exploration Update
Soledad Project Highlights: Five additional exploration drill holes completed on Bx 7 wit...
About this update from Chakana Copper Corp.
[{"type":"text","content":"Chakana Reports 220m of 0.62 g/t Gold, 79.0 g/t Silver, and 0.20% Copper (1.96 g/t Au-EQ) from Surface at Breccia Pipe 7 and Provides Exploration UpdateSoledad Project Highlights:Five additional exploration drill holes completed on Bx 7 with significant interceptsMarker breccia tested with three shallow drill holes Resource definition drilling completed on six breccia pipes; assays from 51 drill holes pendingGradient-array and offset induced-polarization (IP) surveys identify new targets, define prospective corridors, detect mineralized breccia pipes, and refine the ranking of 110 existing targets identified to date; property-wide surveys ongoingVancouver, British Columbia--(Newsfile Corp. - October 12, 2021) - Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) (FSE: 1ZX) (the \"Company\" or \"Chakana\"), is pleased to provide results from five additional exploration holes drilled in Bx 7 (totaling 792.75m) at the Soledad project, Ancash, Peru (see table below). The exploration drilling is part of a fully funded 26,000m exploration and resource drilling program planned for 2021 (Fig. 1). \"The long-mineralized intercept in hole SDH21-212 at Bx 7 is important in understanding the geometry and potential of this breccia pipe. Bx7 has stronger precious metal grades than copper at the depths drilled so far. Bx 7 is an excellent exploration target that requires additional drilling to constrain its shape and depth extents before initiating resource definition drilling. Beyond this, we have 51 resource definition drill holes from Bx 5 and Huancarama to report leading up to the initial resource estimate which is expected by the end of the year. We have paused our drill program to complete the geophysical surveys that are in progress. Results from these geophysical surveys have been transformational in our understanding of the structural framework that controls the breccia pipe locations, including numerous responses interpreted to be additional concealed breccia pipes that do not crop out at surface. We are fully permitted to test a multitude of targets on the north half of the project, and are well advanced in permitting the southern half, where numerous outcropping mineralized breccia pipes occur,\" stated President and CEO David Kelley. Exploration Drill Results Bx 7 (Exploration)DDH #From - To (m)Core Length (m)Aug/tAgg/tCu %Au-eq g/t*...