Chakana Copper - Unlocking Peru's Next Major Copper-Gold-Silver District

• Chakana Copper has made a significant copper-gold-silver discovery at their project in Ancash, Peru. The company has expanded their land position to 4,200 hectares.
• Recent drilling at the Estremadoyro breccia pipe returned high grades, including 1% copper, 0.6 g/t gold, and 26 g/t silver (1.65% copper equivalent). The presence of bornite suggests potential for higher copper grades.
• The company is currently drilling three targets: high-grade breccias, a porphyry target, and a high sulfidation epithermal target. Early visual results from the Mega Gold porphyry target are encouraging.
• Chakana Copper is working to expand their current 3,000m drill program based on the positive results. Major shareholder Gold Fields is supportive of the increased drilling.
• The company has seen an influx of new investors, with the stock price up 130% in the last 6 months. Management and long-term shareholders like Rick Rule continue to support the company.

About Chakana Copper

Chakana Copper Corp, a Canadian-based minerals exploration company, is making significant strides in advancing the Soledad Project, situated in the Ancash region of Peru. This location is known for being a highly favorable mining jurisdiction, with supportive local communities. The Soledad Project stands out due to its high-grade copper-gold-silver mineralization, which is hosted in tourmaline breccia pipes.

In the first quarter of 2022, the company announced an initial mineral resource estimate for seven breccia pipes. The Inferred Resource consists of 4.8 million tonnes grading 0.72 g/t gold, 61 g/t silver, and 0.97% copper, which is assumed to be extractable through underground mining methods. Additionally, there is an Inferred Resource of 1.9 million tonnes grading 1.29 g/t gold, 37.1 g/t silver, and 0.65% copper, believed to be extractable via open pit mining methods. In total, the initial Inferred Resource contains an impressive 191,000 ounces of gold, 11.7 million ounces of silver, and 130 million pounds of copper.

The company has also conducted extensive multidisciplinary exploration, identifying 154 exploration targets. To date, 28 of these targets (18%) have been tested, confirming that Soledad is a large, well-endowed mineral system with strong exploration upside. This positions Chakana's investors favorably, as the Soledad Project offers exposure to both copper and precious metals.

Interview with President & CEO, David Kelley

High-Grade Discovery Unlocked

In 2017, Chakana Copper began drilling at Soledad, quickly uncovering a series of high-grade, outcropping tourmaline breccia pipes. Fast-forward to 2024, and the company's exploration efforts have shifted to the southern half of the project, where even more high-grade potential has been identified.

"We're super excited," President and CEO David Kelly stated, referring to the company's recent drill results from the Estremadoyro breccia pipe.

"We hit great grades, 1% copper, 0.6 grams gold, and 26 grams silver across part of the breccia."

These results equate to an impressive 1.65% copper equivalent grade, demonstrating the significant polymetallic nature of the mineralization at Soledad. Importantly, this is the first time Chakana has encountered bornite, a high-grade copper mineral, intergrown with chalcopyrite in their drill core. As Kelly explained, "Bornite has 64% copper and chalcopyrite has 34%. So it's about double the amount of copper in that mineral. It's a great sign to see that."

Three Targets, One Compelling Story

Chakana Copper is currently focused on three primary targets at Soledad: high-grade breccias, a porphyry target, and a high sulfidation epithermal target. Each of these targets offers unique exploration potential and could contribute significantly to the overall value of the project.

The high-grade breccias, like Estremadoyro, have been a key focus for the company. These outcropping, vertically extensive pipes have consistently delivered strong copper, gold, and silver grades, and Chakana continues to uncover new breccias as exploration progresses.

Perhaps the most exciting target, however, is the Mega Gold porphyry. Porphyry deposits are known for their large size potential, and early indications from Chakana's drilling suggest they may be onto something significant.

"We're seeing big system alteration," Kelly commented. "Obviously, we don't know anything about the grades, but we're seeing the right minerals. We've seen chalcopyrite and molybdenite."

Expanding the Drill Program

Given the encouraging results from the high-grade breccias and the visual indications from Mega Gold, Chakana Copper is now working to expand its current 3,000-meter drill program. This decision has the full support of Gold Fields, a major shareholder in the company.

"We know Gold Fields is excited with the results we've gotten to date," said Kelly. "So we're going to expand the drill program and keep drilling down there because the big system alteration that we're seeing is very encouraging."

The Investment Thesis for Chakana Copper

• Chakana Copper offers investors exposure to a significant new copper-gold-silver discovery in a prolific Peruvian mining district
• The company has a tight share structure and a strong backing from major shareholders like Gold Fields
• High-grade results from outcropping breccia pipes demonstrate the potential for near-surface, high-value mineralization
• The Mega Gold porphyry target provides blue-sky potential for a large-scale discovery
• An expanded drill program, supported by strong partners, is set to unlock further value in the coming months

Chakana Copper represents a unique opportunity for investors to gain exposure to a major new discovery in the making. With a large, prospective land package, high-grade results in hand, and a compelling porphyry target emerging, the company is well-positioned to deliver significant value in the near term.

As Kelly summarized, "Just the geochemical association is interesting, and all three of those metals (copper, gold, molybdenum) can be very important economically." For investors looking to tap into the next major copper-gold district, Chakana Copper is a story worth following closely.