Chakana Copper Releases More Results From Soledad

Chakana Copper (TSXV:PERU,OTC:CHKKF,FWB:1ZX) has released assays from five additional holes in Breccia Pipe 1 (Bx 1) at its Soledad copper-gold-silver project in central Peru, optioned from Condor Resources.

According to the company the ongoing drill program is ahead of schedule and under budget.

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

“These latest results continue to highlight the high grade nature of Bx 1 from surface. All of the holes penetrate the upper supergene zone where copper is leached, but gold is retained. Beneath this, copper, gold and silver are strongly enriched in the primary zone with abundant visible chalcopyrite mineralization.

Holes 54 to 57 also penetrate a lower mineralized zone with copper grades in excess of 1.58 percent. In holes 56 and 57, the upper part of this zone is strongly mineralized with 22m of 2.96 percent copper and 1.30 grams per tonne (g/t) of gold, and 23m of 2.82 percent copper and 1.10 g/t gold, respectively. Most of the mineralization occurs as matrix sulfides in either shingle or mosaic breccia, but hole 54 shows some very impressive massive and semi-massive sulfide zones dominated by chalcopyrite.

It’s also important to note that hole 34, drilled to the southwest from a step out platform 80 northeast of the central platform, intersected the southwest margin of the breccia pipe approximately 100 to 125m below the mineralized breccia zone in holes 54 to 57 and returned 71.4m of 1.53 percent copper, 1.05 g/t gold and 81.7 g/t silver from 317.6m, including a very high-grade margin zone with 34.4m of 2.84 percent copper, 1.30 g/t gold and 89.3 g/t silver from 354.6m.

Our drill program will continue to track this impressive mineralization to depth.”

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