Mike Fagan,
Editor
May 26, 2021
by Mike Fagan
Chakana Copper (TSX-V: PERU)(OTC: CHKKF) — currently trading around C$0.40 per share — has announced assays from 11 additional infill holes from multiple breccia pipe targets at its flagship Soledad copper-gold-silver project, Peru.
The results are part of the company’s fully-funded 26,000 meter exploration and resource drilling program at Soledad.
Highlight intercepts from the newly-released set of assays include:
- Huancarama East: Four holes with high-grade intercepts, including 134.3 meters of 0.92 grams per tonne (g/t) gold, 0.86% copper, and 80.7 g/t silver (2.15% copper-equivalent “CuEq”) from 119.7 meters depth
- Paloma East: Five holes with strong grades, including 126.1 meters of 0.91 g/t gold, 0.20% copper, and 11.6 g/t silver (0.89% CuEq) starting at-surface
- Paloma West: Two holes with high grades, including 101 meters of 0.53 g/t gold, 1.01% copper, and 41.5 g/t silver (1.71% CuEq) starting at-surface
Chakana president & CEO, David Kelley — whom you’ll be hearing more from in just a second — commented via press release:
"The resource definition drilling portion of our current program is going exceptionally well with excellent results from the three discoveries at Soledad since the resumption of drilling in 2020. Huancarama and Paloma West continue to demonstrate their high-grade nature, and strong grades were also encountered at Paloma East. Mineralization in all three breccia pipes starts at-surface and is open at depth. These results are another positive step toward our resource estimate due out later this year that will include multiple breccia pipes. To date, we have only tested 15 out of the 110 total targets on the property."
With high-grade results continuing to pour in, the Chakana team is only just scratching the surface of the resource potential at Soledad. We’ll continue to keep you updated as additional assays are released from the current multi-rig drill program and as the company builds toward its maiden resource estimate due later in the year.
Our own Gerardo Del Real of Junior Resource Monthly caught up with Chakana CEO, David Kelley, to go over the latest batch of high-grade hits along with next-steps for Soledad. CLICK HERE TO LISTEN. Transcript is also available.
Also click here for our feature report on Chakana Copper.
Yours in profits,
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 and Hard Asset Digest readers.