Chakana Copper announces that further to its news release dated Feb 11, 2025, Chakana will consolidate its common shares on the basis of one new-post-consolidation common share for every ten pre-consolidation common shares effective as of Feb 28, 2025. There will be no name change or trading symbol change in conjunction with the Consolidation. Effective at the opening of market on Feb 28, the common shares of Chakana will [...]
Chakana Copper Corp. , announces that it plans to expand on the success of its 2024 drill program by focusing on the exploration of the La Joya high-grade silver discovery confined to its Barrick option that also includes the Mega-Gold porphyry target area and the Compañero gold prospect. The Company also announces that it has relinquished its interest in the Aija option agreement in order to eliminate all remaining [...]
Chakana Copper Corp. , reports that the Board has decided to relinquish its option to acquire three concessions from Condor Resources Inc. , that make up approximately 25% of the Company's expanded Soledad project located in Ancash, Peru . Mr. Douglas Silver, Chairman of Chakana, explains "during this time of difficult market conditions, we were told by investors that they will not fund a project with substantial [...]
Highlights: High-grade near-surface silver mineralization intersected at La Joya with 1,005 gpt Ag and 0.45 gpt Au over 0.75 m within 4.5 m of 323.6 gpt Ag and 0.25 gpt Au from 58.0 m. A 700 m-long alteration system confirmed at La Joya with advanced argillic alteration and vuggy silica. Additional results from the remaining five scout drill holes at Mega-Gold confirm a very large, zoned alteration system with anomalous [...]
Highlights from Mega-Gold Scout Drilling Include: Reporting three holes from the eastern side of the Mega-Gold target area Widespread alteration identified with quartz-sericite-pyrite overprinting chlorite alteration Up to 15% pyrite encountered with traces of chalcopyrite and molybdenite in each hole Narrow intervals of strong mineralization: 2 m of 1.8 gpt gold and 0.35% copper in MGDH24-002 from 89.0 m, and 1.5 m of [...]
2024 Highlights at Soledad Project Include: Two shallow holes completed to test the grade of the Estremadoyro tourmaline breccia pipe with mineralized intercepts of: 17.7 m @ 0.55 g/t Au, 0.77% Cu, and 39.7 g/t Ag in hole SDH24-284 23.0 m @ 0.61 g/t Au, 1.02% Cu, and 26.1 g/t Ag in hole SDH24-285 First reported occurrence of: bornite associated with chalcopyrite in breccia mineralization low-grade copper halo in wall rock [...]
Chakana Copper Corp. announces that the Company has elected to exercise its acceleration right for all 20,884,495 common share purchase warrants of the Company issued on November 3, 2023. The Warrants were issued pursuant to the Company's first tranche of its private placement of 20,541,495 units of the Company for gross proceeds of C$821,659.84, and are inclusive of 343,000 Warrants issued to finders in connection with [...]
Soledad Project Highlights Include: Commenced fully-funded 3,000 m drill program on April 5, 2024. Drilling is focused on the southern half of the Soledad project in a new permit area. Drilling currently testing the Estremadoyro tourmaline breccia pipe. Immediate follow-on drilling will test the bulk-tonnage Mega-Gold copper-gold porphyry target and the La Joya high-sulfidation epithermal gold-silver zone. [...]
Soledad Project Highlights Include: Three high-priority target areas are defined, permitted, and ready to drill Fully-funded 3,000 m drill program to start by April 1, 2024 Drilling will be focused on the south half of the Soledad project Drill campaign will test two bulk-tonnage targets - Mega-Gold copper-gold porphyry and the La Joya high-sulfidation epithermal gold-silver zone; and the mineralized Estremadoyro [...]
Chakana Copper Corp. Further to a news release dated February 9, 2024, announcing the intention to extend the term and adjust the $0.20 exercise price of 28,369,789 common share purchase warrants , the Company has received TSX-V acceptance to extend the Warrants to October 31, 2024, and amend the exercise price of the Warrants from $0.20 to $0.14. The Company has carefully considered this amendment to optimize its [...]
Chakana Copper Corp. announces that the Company has applied to the TSX Venture Exchange to extend the term of 28,369,789 common share purchase warrants currently set to expire on May 20, 2024 and June 21, 2024 to October 31, 2024. The Warrants were originally issued pursuant to a private placement of units completed by the Company on May 20, 2022 and June 21, 2022. The Company has also applied to amend the price of the [...]
Chakana Copper Corp. is pleased to announce that it has completed the upsized final tranche of its non-brokered private placement . In connection with the closing of the second tranche, the Company issued 54,459,356 units at a price of C$0.04 per Unit for gross proceeds of C$2,178,374.25. Each Unit consists of one common share in the capital of the Company and one common share purchase warrant . Each Warrant entitles the [...]
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