Chakana Copper (PERU) - Lima Live: Major Miners Focusing on Copper

Chakana Copper Corp. is a Canadian-based minerals exploration company and through its wholly-owned Peruvian subsidiary, Chakana Resources S.A.C. is currently advancing the Soledad project near Aija, in the Ancash region of the highly prolific Miocene mineral belt of Peru. The company’s Executive Management Team and Board have a proven track record of success in the minerals industry from capital raises, exploration, discovery, development, and monetizing the asset through divestment.

In a recent interview conducted by Crux Investor, the CEO of Chakana Copper, a prominent mineral resource company, shared exciting news about a new high-grade copper-gold-silver discovery in Peru. This breakthrough has generated considerable interest among retail investors who are eager to explore investment opportunities in the mineral resource sector. In this article, we will delve into the key details revealed during the interview and shed light on Chakana Copper's plans for expanding exploration and capitalizing on this remarkable discovery.

New High-Grade Discovery:

Chakana Copper has made a significant breakthrough with the discovery of a new high-grade deposit in Peru. The deposit boasts substantial quantities of gold, copper, and silver. In 2017 alone, the company unearthed an impressive 191,000 ounces of gold, 130 million pounds of copper, and a staggering 11.7 billion ounces of silver. These findings highlight the immense potential of the deposit and underscore its value for retail investors with an interest in mineral resource companies.

Expansion of Exploration:

Recognizing the untapped potential of the South area, Chakana Copper is actively focused on expanding its exploration efforts in that region. The company has identified two large bulk tonnage targets in the South, which it plans to test in order to further evaluate the resource potential. The interview also revealed that Chakana Copper has initiated a 4,000 meter drill program to explore new targets on the North side. By expanding exploration activities in both the South and North areas, Chakana Copper aims to uncover additional high-grade deposits and maximize its mineral resource portfolio.

Permit Approval and Political Stability:

The path to obtaining permits for mining projects can often be challenging, and Chakana Copper's venture in Peru has encountered bureaucratic delays. However, the interview indicated that permit approval is imminent, which will allow the company to test high-grade volcanic targets and retro pipes. Furthermore, Peru's political situation has stabilized, creating a favorable environment for the mining industry to thrive. With increased stability and support from the government, Chakana Copper is well-positioned to leverage its new discovery and advance its mining operations in Peru.

High-Grade Mineralization and Growth Potential:

During the interview, it was revealed that Chakana Copper has made notable progress in identifying high-grade mineralization in breccia pipes. Through extensive drilling efforts, the company discovered seven inferred breccia pipes with remarkable mineralization. Of particular significance is breccia one, which exhibited impressive copper grades of 6.9%, 124 grams of silver, and 0.3 grams of gold within a 12-meter intercept, with 27% copper content. These findings further emphasize the value and potential profitability of Chakana Copper's mineral resource deposits.

Future Plans and Initiatives:

Chakana Copper has outlined a comprehensive plan for future exploration and development. The interview disclosed the company's intention to pursue a pre-production agreement (PPA) for the North resource. Collaborating with Goldfields, Chakana Copper aims to undertake an initial 4,000-meter drilling program to explore potential targets and uncover new discoveries. Additionally, plans are underway to initiate a preliminary economic assessment (PEA) on the North side through underground exploration and bulk sampling. These proactive measures demonstrate Chakana Copper's commitment to realizing the full potential of its mineral resource assets.

Chakana Copper's new high-grade copper-gold-silver discovery in Peru presents an exciting opportunity for retail investors with an interest in mineral resource companies. 

To find out more, go to the Chakana Copper website