Movers and SHAKERS
Chakana Copper Corp (CHKKF)(PERU:CA)
Initial Resource Estimate Provides Solid Foundation on Which to Grow; Increasing Price Target
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.
Initial resource estimate. Chakana Copper released an initial inferred resource estimate for its Soledad project in Peru. The resource estimate encompasses seven breccia pipes that start at surface and extend to an average depth of approximately 300 meters. Inferred mineral resources included 1.9 million tonnes grading 1.29 grams of gold per tonne, 37.1 grams of silver per tonne, and 0.65% copper that could be extracted via open pit, and an additional 4.8 million tonnes grading 0.72 grams of gold per tonne, 61 grams of silver per tonne, and 0.97% copper that could be mined underground.
Starter pit opportunities. The resources at Soledad are polymetallic and strong silver and gold grades are common near surface with copper grades increasing at depth. We think the current drilling program down to 300 meters has affirmed an economic opportunity for open pits for near surface resources that could also fund resource development at depth ...
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.