More High-Grade Hits for Canadian Explorer in Peru

by Mike Fagan

Mike Fagan

 

Chakana Copper (TSX-V: PERU)(OTC: CHKKF) — currently trading around C$0.50 per share — has announced drill results from its flagship Soledad copper-gold-silver project in Peru comprising 8 holes at the Huancarama target totaling 1,500 meters and 5 holes from Paloma East target totaling 1,450 meters.

Highlights include:   

  • 0.63 grams per tonne (g/t) gold, 0.54% copper, and 55.7 g/t silver (or 1.43% copper equivalent “CuEq”) over 125 meters; including
     
  • 2.29 g/t gold, 1.27% copper, and 248 g/t silver (or 4.89% CuEq) over 15 meters at Huancarama
     
  • 0.42 g/t gold, 0.33% copper, and 11.7 g/t silver (or 0.70% CuEq) over 164 meters at Paloma East

Chakana president & CEO, David Kelley — whom you’ll be hearing more from momentarily — commented via press release:
 

"It is great to see these strong results from both new exploration drilling and definition drilling. At Huancarama East, we are clearly defining a sizable zone of copper-gold-silver mineralization that should feature prominently in our resource estimation plans. At Huancarama West, the exploration drilling continues to define shapes and continuity, while Paloma East has impressive significant near-surface mineralization and long runs of mineralization, including 163.9m of 0.42 g/t Au, 0.33% Cu, and 11.7 g/t Ag from surface in tourmaline breccia that is open at depth. The drill program continues to run smoothly with effective COVID protocols in place."


The company’s flagship Soledad project consists of high-grade gold-copper-silver mineralization hosted in tourmaline breccia pipes; a total of 45,061 metres of drilling has been completed to-date testing 10 of 23 confirmed pipes.

                      

The most recent batch of results is part of the company’s fully funded 2021 drill program of 26,000 meters (2 rigs), which will be integral to the company’s forthcoming maiden resource slated for release later this year.

We’ll keep bringing you the results... and speaking of which, our own Gerardo Del Real of Junior Resource Monthly sat down with Chakana president & CEO, David Kelley, to go over the latest high-grade hits from Huancarama and Paloma East. Listen in to the interview by clicking here.

Be sure to also click here for our most recent report on Chakana Copper.

Yours in profits,

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest
 


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