Chakana Copper Corp. is pleased to announce that it has completed the first tranche of its previously announced private placement for 46,269,134 units of the Company at a price of C$0.11 per Unit for gross proceeds of C$5,089,604. Each Unit consists of one common share in the capital of the Company and one-half of one common share purchase warrant . Each Warrant entitles the holder to purchase one additional Share at a [...]
Chakana Copper Corp. is pleased to announce a non-brokered private placement of up to 63,636,363 units of the Company at a price of C$0.11 per Unit for gross proceeds of up to C$7.0 million . Each Unit will consist of one common share in the capital of the Company and one-half of one common share purchase warrant . Each Warrant will entitle the holder to purchase one additional Share at a price of $0.20 per Share for a [...]
Chakana Copper Corp. is pleased to announce that it has reached a binding agreement with Condor Resources Inc. to amend the terms of the purchase option agreement dated April 24, 2017, as amended on March 18, 2019, and November 13, 2020, relating to the Soledad Project. Under the existing agreement, a final payment of US$4.425 million dollars was due to Condor on April 23, 2022. The parties have agreed to extend and amend [...]
Chakana Copper Corp. , announced today that the corporation has filed on SEDAR a technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Project supporting the inferred mineral resource statement for the Soledad Project located in Ancash, Peru. The highlights of the Report were previously announced in a news release dated January 11, 2022, and the effective date of the [...]
Soledad Project Highlights Include: Inferred Resources were estimated for seven breccia pipes that start at surface and extend to an average depth of approximately 300 metres; all zones remain open at depth Inferred Resources of 4.8 million tonnes grading 0.72 g/t gold, 61 g/t silver and 0.97% copper assumed to be extractable by underground mining methods Inferred Resources of 1.9 million tonnes grading 1.29 g/t gold [...]
Soledad Project Highlights Include: Remaining 13 resource definition and exploration holes at Huancarama reported totalling 3,265m Two additional high-grade intervals of >50m lengths also reported 56.15 m @ 0.45 g/t Au, 115.1 g/t Ag, and 2.34% Cu 54.90 m @ 0.63 g/t Au, 81.7 g/t Ag, and 2.41% Cu Off-set IP surveys continue over high priority targets defined by gradient array and other data sets; numerous new targets have [...]
Soledad Project Highlights Include: Reporting 12 remaining resource definition holes totalling 2,541m at Breccia Pipe 5, all with significant intercepts. Additional resource definition drill results pending for Huancarama. Off-set IP surveys continue over all high priority targets defined to date. Chakana Copper Corp. is pleased to provide results from the remaining twelve resource definition holes drilled in Bx 5 [...]
Soledad Project Highlights Include: 12 new resource definition holes at Huancarama reported, totalling 2,974.85m Additional resource definition drill results pending for Breccia Pipe 5 "" and Huancarama Gradient-array induced-polarization geophysical survey completed over entire mineral system Off-set IP surveys underway over high priority targets defined by gradient array and other data sets [...]
Soledad Project Highlights Include: 14 resource definition holes at Breccia Pipe 5 reported totalling 2,052.75m Additional resource definition drill results pending for Bx 5 and Huancarama Site visit with Qualified Person for 43-101 resource estimate completed Gradient-array induced-polarization geophysical surveys continue Chakana Copper Corp. , is pleased to provide results from fourteen resource definition holes [...]
Soledad Project Highlights: Five additional exploration drill holes completed on Bx 7 with significant intercepts Marker breccia tested with three shallow drill holes Resource definition drilling completed on six breccia pipes; assays from 51 drill holes pending Gradient-array and offset induced-polarization surveys identify new targets, define prospective corridors, detect mineralized breccia pipes, and refine the [...]
Soledad Project Highlights Include: Resource definition holes at Breccia Pipe 1 completed; 62 drill holes totalling 17,936m A total of 259 diamond core holes completed on the Soledad project to date for 60,225m Additional resource definition drill results pending for Bx 5 and Huancarama Gradient array and 3D induced polarization orientation surveys in progress Chakana Copper Corp. , is pleased to provide results from the [...]
Soledad Project Highlights Include: Huancarama East - 41m of 1.40 g/t Au, 1.24% Cu, and 79.5 g/t Ag from 112m depth; Paloma West - 48.45m of 1.09 g/t Au, 0.84% Cu, and 39.6 g/t Ag starting at 20.3m depth; Bx1 - 53m of 4.51 g/t Au, 1.22% Cu, and 55.5 g/t Ag starting at 40m depth; and 12m of 0.38 g/t Au, 27.39% Cu, and 967.7 g/t Ag starting at 140m depth; Bx7 - 39m of 1.39 g/t Au, 0.13% Cu, and 50.4 g/t Ag starting at 211m [...]
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