Canadian Junior Hitting More & More High Grade Cu in Peru Ahead of Resource Estimate

 

Chakana Copper (TSX-V: PERU)(OTC: CHKKF) — currently trading around C$0.35 per share — is making accelerated progress at its flagship Soledad copper-gold-silver project, Peru.

Most recently, the company released assays from the final 7 holes from Breccia Pipe #1 highlighted by 46 meters of 5.64% copper, 592.9 grams per tonne (g/t) silver, and 0.36 g/t gold.

Those results are part of a recently completed 32,000 meter exploration and resource drilling program — which also delivered a game-changing intercept of 27.39% copper and 967.7 g/t silver over 12 meters — ahead of a planned initial resource estimate slated for year-end.

That forthcoming resource estimate will include interpretation from 6 breccia pipes drilled down to about 300 meters… keeping in mind that company CEO, David Kelley, estimates there to be somewhere between 50 and 100 breccia pipes at Soledad with only 15 out of 110 known targets drill-tested to-date.

I won’t go much further into the specifics of the upcoming resource estimate here because our own Gerardo Del Real of Junior Resource Monthly caught up, in person, with Chakana CEO, David Kelley, at this month’s Precious Metals Summit held in beautiful Beaver Creek, Colorado, for an exclusive video interview you can watch here.

Inside, you’ll get a good sense of why Gerardo, in his trademark tongue-and-cheek style, opines for a name change from Chakana Copper to Chakana Copper Gold & Silver! Gerardo and David also get into the post-election mining climate in Peru, the recently completed drill program, the exceptionally high-grades to-date, the wide array of breccia pipe targets, and the forthcoming resource estimate… plus a whole lot more!

Please enjoy that interview.

Of course, Gerardo will continue delivering the goods every step of the way as the Chakana team advances this very exciting copper-dominant resource down in the Ancash province of central-Peru.

Be sure to also click here for a short video clip where Gerardo discusses the key advantages his subscribers enjoy monthly — including specific buy-sell signals and upcoming catalysts across a variety of metals — and why he believes Q4 is shaping up to be one of the most profitable quarters he’s seen in the junior resource space.

CLICK TO PLAY

And click here for our feature report on Chakana Copper.

Yours in profits,

 

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest


Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest readers.


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