Friday, October 15, 2021
Chakana Copper Corp (CHKKF)(PERU:CA)
Favorable Drill Results Keep Coming
Noble Capital Markets research on Chakana Copper Corp is published under ticker symbols CHKKF and PERU:CA. The price target is in USD and based on ticker symbol CHKKF. Chakana Copper Corp is a Canadian-based minerals exploration company that is currently advancing the high-grade gold-copper-silver Soledad Project located in the Ancash region of Peru, a highly favorable mining jurisdiction with supportive communities. The Soledad Project consists of high-grade gold-copper-silver mineralization hosted in tourmaline breccia pipes. A total of 33,353 metres of drilling has been completed to-date, testing nine (9) of twenty-three (23) confirmed breccia pipes with more than 92 total targets. Chakana’s investors are uniquely positioned as the Soledad Project provides exposure to several metals including copper, gold, and silver.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Meaningful Bx 5 drill results. Chakana Copper released results for fourteen resource definition holes drilled in Breccia Bx 5. Recall Bx 5 is one of six breccia pipes that will support Chakana’s initial resource estimate. All holes intersected mineralization and the results confirmed shallow mineralization in the upper western half of the breccia pipe and deeper extents of mineralization. For example, Hole SDG21-226 returned 1.44 grams of gold per tonne, 13.2 grams of silver per tonne, and 0.66% copper over 157 meters, while Hole SDH21-229 returned 1.17 grams of gold per tonne, 0.55% copper, and 19.2 grams of silver per tonne over 268 meters.
Geophysical surveys will inform exploration drilling. Gradient-array induced-polarization (IP) surveys have been done over 90% of the 12-square kilometer Soledad mineral system. Off-set IP surveying will follow to identify new targets and prioritize existing targets. We expect exploration drilling will resume at…
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
