CHKKF - Chakana Copper Corp (CHKKF)(PERU:CA) - More Good News

Drilling results underscore significant mineral resource potential. Chakana Copper released results from 8 exploration holes from Huancarama representing 1,522.1 meters of drilling, and 5 resource definition drill holes from Paloma East representing 1,455.15 meters of drilling. At Huancarama East, the drilling program has defined a large zone of copper-gold-silver mineralization that is expected to be of importance to the company’s maiden resource estimate. At Huancarama West, the exploration drilling continues to define continuity, while drilling at Paloma East has revealed significant near-surface mineralization.Drilling program for calendar year 2021. Including drilling activities that commenced in August 2020, a total of 32,000 meters of drilling is anticipated through 2021. This includes 56 drill holes, representing 11,062.5 meters of drilling in the Paloma and Huancarama areas, for which results have been released. For the 26,000 meters of drilling planned in 2021, the company expects to complete 16,000 meters of resource definition drilling leading to the publication of a maiden resource estimate in 2021, and 10,000 meters of exploration drilling testing new targets in the northern portion of the project that have not been drilled previously.Rating is Outperform. The company’s recent drilling activities at Paloma East, Paloma West, and the Huancarama Breccia Complex resulted in several discoveries, along with identifying areas at Huancarama that represent bulk mining potential. The company is well funded to execute its drilling program and to publish a maiden resource estimate in 2021. Read More >>