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copper investing

Chakana Copper Acquires Four New Breccia Pipes, Doubles Soledad Land Position in Peru

Scott Tibballs
May. 23, 2018 10:29AM PST
Base Metals Investing

Chakana Copper has announcedĀ that it has expanded its mineral rights at the Soledad project optioned from Condor Resources.

Chakana CopperĀ (TSXV:PERU) has announcedĀ that it has expanded its mineral rights at the Soledad project optioned from Condor Resources. Chakana now has, or can earn, a 100 percent interest in 2,018.89 hectares covering the cluster of nine known breccia pipes.

The project is located 35 km south of the Pierina mine in the Miocene metallogenic belt of Peru.

As quoted in the press release, president and chief executive officer of Chakana Copper, David Kelley said:

ā€œThe expansion and consolidation of our mineral rights at Soledad is strategic as it covers four additional mineralized tourmaline breccia pipes and it allows access to the cluster of breccia pipes from the valley below. The four additional pipes include the Huancarama Breccia Complex, Paloma East and West pipes, and Perenne, bringing the total number of principal pipes to nine.Ā  All have characteristic surface mineralization and breccia textures that make them highly prospective drill targets.Ā  In addition, there are eleven areas with strongly altered andesitic volcanic rock consisting of sheeted quartz-sericite-tourmaline veining now believed to be the vertical expression of blind breccia bodies.ā€

Click here to view the full Chakana Copper (TSXV:PERU) press release.

tsxv:peru chakana copper david kelley copper investing
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