Chakana Copper Corp. · TSXV:PERU
Chakana Copper — Technical Presentation (October 2019)
30 slides from Chakana Copper's technical presentation, Oct 28, 2019
Slide 1: Soledad - an Emerging High-Grade Cu-Au-Ag Discovery Hosted in Tourmaline Breccia Pipes
Soledad - an Emerging High-Grade Cu-Au-Ag Discovery Hosted in Tourmaline Breccia Pipes Peru David Kelley, Doug Kirwin, John Black Carlos Montoya, Victor Torres, Yenlai Chee, Steve Park SEG Santiago October 8, 2019 Core Shack Booth 16
Slide 2: Legal Disclaimer
LEGAL 2 DISCLAIMER This presentation (“Presentation”) does not constitute an offer of any securities for uncertainties and assumptions that could cause actual results or events to differ sale or a solicitation of an offer to purchase any securities . This Presentation, and the materially from those
Slide 3: High Grade Tourmaline Breccia Pipes
SOLEDAD PROJECT 3 HIGH GRADE TOURMALINE BRECCIA PIPES Introduction About tourmaline breccia pipes Soledad Project Exploration Potential Summary SDH17-018 197-200m
Slide 4: Tourmaline Breccia Pipes Attractive Targets
TOURMALINE BRECCIA PIPES 4 ATTRACTIVE TARGETS ◆ MAGMATIC-hydrothermal deposits ◆ Two types – 1) porphyry or 2) non-porphyry related ◆ Can be world-class deposits (e.g. in Chile - Los Sulfatos, Sur-Sur, Donoso) ◆ Breccia pipes did not erupt at surface ◆ Vertically extensive – known to be >2 km ◆ Pred
Slide 5: Tourmaline Breccia Pipes Formation
TOURMALINE BRECCIA PIPES 5 FORMATION STAGE 1 ◆ Emplacement of volatile-rich intrusion (B, H2O, CO2) ◆ Subsequent accumulation of volatiles in apical positions during crystallization Kirwin, 2018
Slide 6: Tourmaline Breccia Pipes Formation
TOURMALINE BRECCIA PIPES 6 FORMATION STAGE 1 ◆ Emplacement of volatile-rich intrusion (B, H2O, CO2) ◆ Subsequent accumulation of volatiles in apical positions during crystallization STAGE 2 ◆ Vapor pressure exceeds lithostatic pressure, leading to: ◆ Degassing and hydrofracturing above cupula ◆ Exte
Slide 7: Tourmaline Breccia Pipes Formation
TOURMALINE BRECCIA PIPES 7 FORMATION STAGE 1 ◆ Emplacement of volatile-rich intrusion (B, H2O, CO2) ◆ Subsequent accumulation of volatiles in apical positions during crystallization STAGE 2 ◆ Vapor pressure exceeds lithostatic pressure, leading to: ◆ Degassing and hydrofracturing above cupula ◆ Exte
Slide 8: Tourmaline Breccia Pipes Formation
TOURMALINE BRECCIA PIPES 8 FORMATION SDH17-018 153.65m 1.21 g/t Au 246 g/t Ag SDH17-034 376.7m 0.31 g/t Au 124 g/t Ag 4.42% Cu 6.92% Cu STAGE 1 ◆ Emplacement of volatile-rich intrusion (B, H2O, CO2) ◆ Subsequent accumulation of volatiles in apical positions during crystallization STAGE 2 ◆ Vapor pre
Slide 9: Aija-Ticapampa District Geology
SOLEDAD DISTRICT GEOLOGY 9 AIJA-TICAPAMPA DISTRICT N Footprint of Tourmaline Breccia Pipes Soledad Compañero
Slide 10: Project Introduction
SOLEDAD PROJECT 10 INTRODUCTION Drilled Breccia Pipe Undrilled Breccia Pipe Breccia Occurrence ◆ High grade Cu-Au-Ag hosted in tourmaline breccia pipes ◆ Previous exploration focused on Soledad porphyry potential Bx6 Bx3E ◆ Large cluster of breccia pipes Bx7 Bx3W Bx5 identified – 23 known pipes and
Slide 11: Chakana Drilling
SOLEDAD PROJECT 11 CHAKANA DRILLING Results from select CHAKANA holes completed on Bx 1, Bx 5, Bx 6 and Bx 7: DDH# From(m) To (m) Interval Au (g/t) Ag(g/t) Cu% Cu_eq%* Au_eq g/t* SDH17-018 0.00 209.00 209.00 2.22 69.6 0.96 3.01 4.60 including 0.00 40.00 40.00 4.21 18.6 4.45 including 40.00 114.00 74
Slide 12: Breccia Pipes at the Soledad Project Drilling Program
BRECCIA PIPES AT THE SOLEDAD PROJECT 12 DRILLING PROGRAM 30,392m completed to date by Chakana Looking North Soledad Cluster NE Gold Zone Cima Pipe Blanca Occurrence Bx6 4,420m Bx7 Bx5 Bx1 Bx3E Bx3W Corral PE Lincuna’s Faro PW Hercules Zn-Pb-Ag Mine HBC 3,950m Pr 1 km HBC – Huancarama Breccia Complex
Slide 13: Geology Stratigraphy
SOLEDAD GEOLOGY 13 STRATIGRAPHY 185m 490m 738m 455m
Slide 14: Breccia Pipes and Soil Geochemistry
SOLEDAD 14 BRECCIA PIPES AND SOIL GEOCHEMISTRY 3D Models Soil Geochemistry Cima Blanca B’ A’ B A Looking Northeast
Slide 15: Breccia 5 – Breccia 6 Section
SOLEDAD 15 BRECCIA 5 – BRECCIA 6 SECTION Section Looking West South North A A’ Elev 4500m 4200m BxHM Mzd Vat Vcg 3900m Vap Vcgs Vau 300m 3600m
Slide 16: Breccia 5 – Breccia 6 Section
SOLEDAD 16 BRECCIA 5 – BRECCIA 6 SECTION Section Looking West South North A A’ Elev Bx 6 4500m 550m Upper Bx 5 4200m 738m Vertical BxHM 455m Extent Mzd Vertical Vat Extent Vcg Bx 6 3900m Vap Lower Vcgs 340m Vau Mo 300m 3600m
Slide 17: Breccia 5 – Breccia 6 Section (IP Resistivity)
SOLEDAD 17 BRECCIA 5 – BRECCIA 6 SECTION Section Looking West South North IP Resistivity A A’ Bx 6 Elev 4500m Upper Bx 5 Resistive Resistive 4200m (~900 ohm-m) BxHM Conductive Mzd Vat Vcg Bx 6 3900m Vap Lower Vcgs Vau 300m 3600m
Slide 18: Breccia 1 – Cima Blanca Section
SOLEDAD 18 BRECCIA 1 – CIMA BLANCA SECTION Section Looking West South North IP Resistivity B Cima Blanca B’ Elev 4500m Bx 1 Main Bx 1 North Resistive Resistive (~800 ohm-m) Conductive Resistive 4000m BxHM Conductive Mzd Vat Vap Vcgs Vau 500m
Slide 19: Bx 1 Pipe Geometry
SOLEDAD 19 Bx 1 PIPE GEOMETRY Pipe Gets Larger At Depth Bx 1 3D Model Bx 1 Level Plans Surface 4290m Elevation 4190m Elevation Main (60m below surface) (160m below surface) Zone North North Zone Zone 4290 Level Area: 2604m2 Main Main Zone Zone 4190 Level Area: 5419m2 Qtz-Tourmaline Breccia Andesite
Slide 20: Bx 1 Zoning
SOLEDAD 20 Bx 1 ZONING Looking West Elev (m) Gold Silver Copper Limit of Breccia 4360 4280 4200 4120 4040 3960 80m
Slide 21: Breccia Clasts and Transport
SOLEDAD 21 BRECCIA CLASTS AND TRANSPORT • 100% of clasts are from Clast Transport Vcgs Marker Unit N In Wallrock wallrock DOWN • Angular to sub-angular • Shingle breccia common Bx 5 • Clast shape depends on S wallrock • Open space common • Clasts replaced by quartz- sericite-tourmaline-(sulfide) ~20
Slide 22: Tourmaline Breccia Pipes
SOLEDAD PROJECT 22 TOURMALINE BRECCIA PIPES Bx 1 Bx 5
Slide 23: Mineralized Breccias
SOLEDAD PROJECT 23 MINERALIZED BRECCIAS Bx 1 Bx 5 Bx 3E Bx 6 SDH17-034 SDH17-038 SDH18-094 SDH18-108
Slide 24: Breccia Pipe Contact
SOLEDAD 24 BRECCIA PIPE CONTACT Bx 1 SDH18-050 Sheeted …Mineralized Breccia Veining “Gringo Rock”
Slide 25: Late-Stage Copper Replacement
SOLEDAD 25 LATE-STAGE COPPER REPLACEMENT Within Breccia Within Monzodiorite Wallrock Around Bx 1 5.5m @ 4.61 g/t Au 5.34% Cu 275 g/t Ag 30m apart 4.95m @ 2.70 g/t Au 2.26% Cu 1,145 g/t Ag
Slide 26: Interesting Veins
SOLEDAD 26 INTERESTING VEINS South of Bx 6 Wallrock (Vat) SDH19-124 168.3m Bx 5 East SDH19-127 460.2m Bx 5 East SDH19-127 478.5m Wallrock (Vat) SDH19-124 125.7m MoS2
Slide 27: Where Does the Gold Occur?
SOLEDAD MINERALOGY 27 WHERE DOES THE GOLD OCCUR? ◆ Gold grains: associated with pyrite and sulfide grain boundaries ◆ Gangue: quartz, tourmaline, sericite and chlorite (~20µm to 2.8mm grains) ◆ Less common sulfosalts: bournonite (PbCuSbS3), ◆ Sulfide assemblage: pyrite, chalcopyrite, digenite, hypog
Slide 28: Expanded Land Position Huancarama Breccia Complex
EXPANDED LAND POSITION 28 HUANCARAMA BRECCIA COMPLEX 200m Adit (170m long) - 9.6 50M
Slide 29: Summary
SOLEDAD 29 SUMMARY Important Controls Upside Potential ◆ Pre-mineral intrusions creating structure ◆ Multiple breccia pipes – 23 confirmed, 11 ◆ Emplacement of volatile-rich intrusion at depth occurrences, 92 targets total on property ◆ Accumulation of volatiles and fluids in cupulas ◆ Blind pipes -
Slide 30: Appendix 1
30 APPENDIX 1 ◆ Any reference to size and grade potential is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in a target being delineated as a mineral resource. ◆ Cu_eq and Au_eq values were calculated
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