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Be the first with the news that moves the market- Chakana Copper (PERU) is gearing up for a fully-funded 15,000-metre drill program at its expanded Soledad project in central Peru
- Initial work will focus on the Paloma East and Paloma West breccia pipes along with a number of other high-priority targets
- Surface channel sampling of the breccia pipes will also be undertaken over the course of the program
- Additional information regarding the targets will be released once the program is under way
- Chakana Copper (PERU) is up 8.89 per cent and is trading at C$0.49 per share
Chakana Copper (PERU) is gearing up for a fully-funded 15,000-metre drill program at its expanded Soledad project in central Peru.
Located in Ancash province approximately 260 kilometres north-northwest of Lima, the Soledad project forms part of the Ticapampa-Aija, which has a long history of exploration and mining.
Earlier exploration activities discovered a number of high-grade quartz-tourmaline-sulfide breccia pipes that crop out at surface.
Despite the breccia pipes hosting high-grade mineralisation, previous operators chose instead to focus on a blind mineralised porphyry target thought to be the source of the breccia mineralisation.
Chakana’s upcoming program, which is scheduled to begin on August 15, will focus initial drilling efforts on the Paloma East and Paloma West breccia pipes, before proceeding to the Huancarama Breccia Complex and other high-priority drill-ready targets.
David Kelley, President and CEO of Chakana Copper, said his team is very excited to restart drilling at Soledad, where previous surface and trench samples have provided several impressive gold-rich targets.
“The work program will also include surface channel sampling of multiple breccia pipes that are expected to be included in an initial resource estimate.
“We will provide further detailed information on targets once the field program and drilling are underway,” he added.
David also stressed that, as the company begins its next phase of field work, full COVID-19 protocols are in place and that the company is working with local authorities to protect its employees and the wider community.
Chakana Copper (PERU) is currently up 8.89 per cent and is trading at C$0.49 per share at 2:11pm EDT.
