Wednesday, September 08, 2021

Chakana Copper Corp (CHKKF)(PERU:CA)
The Initial Resource Estimate Is Not Expected to Be an End Point

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.

Latest drill results. Resource definition drilling at Breccia Bx 1 has entailed 62 drill holes, representing 17,936 meters of drilling. Chakana released drill results from the final 7 resource definition holes from Bx 1 that provided strong readings that were consistent with previous drill results. Additional resource definition drill results for Bx 5 and Huancarama are pending.

Initial resource estimate expected in Q4' 2021.  The company expects to release an initial resource estimate in the fourth quarter of 2021 which will include Bx 1, Bx 5, Bx 6, Paloma East, Paloma West, and Huancarama down to a depth of 300 meters. While Chakana's near-term focus is the completion of the initial resource estimate, the company still has ground to cover in terms of defining Soledad's ...

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.