Chakana Copper set to begin fully-funded 3,000 metre drill program in April

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Chakana Copper CEO – David Kelley joined Steve Darling from Proactive to unveil the finalized plans for an upcoming 3,000-meter drill program scheduled to commence by April 1, 2024, at the Soledad project located in the Ancash province of Peru, situated within the prolific Miocene mineral belt.

In his discussion with Proactive, Kelley expressed confidence in the company's fully-funded status, emphasizing that the forthcoming drill program represents a pivotal step in Chakana Copper's exploration efforts. The focus will primarily be on the south half of the Soledad project, where an expanded drill permit was secured in 2023.

Kelley elaborated on the strategic objectives of the drill program, highlighting the priority targets identified within this region. Chief among these is the Mega-Gold porphyry target, characterized by a substantial 2.5 km2 soil gold anomaly, accompanied by pervasive phyllic alteration and notable induced polarization chargeability responses. Chakana Copper believes that the Mega-Gold target is situated around a mineralized intrusion linked to tourmaline breccia pipes and high-sulfidation epithermal (HSE) alteration, forming a comprehensive 12 km2 zoned mineral system. The company intends to allocate the majority of its drilling efforts towards this compelling target.

Furthermore, additional drilling will be conducted at the La Joya HSE zone and the Estremadoyro tourmaline breccia pipe, further diversifying and strengthening the exploration focus. Kelley emphasized that these three principal target areas have been meticulously chosen to maximize the potential for discovering both gold and base metal mineralization.

As the anticipation builds for the commencement of the drill program, Chakana Copper is poised to embark on a comprehensive exploration campaign aimed at unlocking the mineral wealth concealed within the Soledad project. With a strategic focus on high-potential target areas and a robust funding position, the company is well-positioned to advance its exploration objectives and deliver value to its stakeholders in the dynamic mining landscape of Peru.

Contact Details

Proactive North America

Proactive North America

+1 604-688-8158

[email protected]

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