CHKKF - Chakana Copper Corp (CHKKF)(PERU:CA) - Closing in on Soledads Initial Resource Estimate

Huancarama drill results. Chakana Copper released results from twelve resource definition holes drilled in Huancarama. The Huancarama breccia pipe is in the central part of Soledad and is one of six breccia pipes that will be included in the initial resource estimate which is expected to be completed in December. All holes intersected significant mineralization. Results are pending for thirteen additional holes associated with the resource definition drill program. Huancarama is unique. Huancarama is part of a breccia complex with six outcropping breccias over a distance of 200 meters east-to-west. The resource drilling has focused on the east side of the breccia complex where two breccia pipes coalesce into one larger pipe with significant grades of copper, gold, and silver. Based on the outstanding results for holes drilled to a depth of about 300 meters, we think Huancarama holds equal promise at greater depths.Permitting underway in southern portion of the project. Drilling in 2021 focused on the northern half of the Soledad project area where drill permits are in place. Permitting for the southern half of the project, where Chakana has identified additional mineralized breccia pipes, is well advanced.Rating is Outperform. The company’s exploration and drilling program has exceeded our expectations and we think recent drill results have positive implications for the initial resource estimate. Commodity prices remain strong with copper prices up 24.5% on a year-to-date basis. Investors may want to consider establishing positions ahead of the company's initial resource estimate to gain exposure to Soledad's growing copper, gold, and silver resource potential. Read More >>