Movers and SHAKERS
Chakana Copper Corp (CHKKF)(PERU:CA)
Outstanding Huancarama Drill Results; Initial Resource Estimate Expected Shortly
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.
Huancarama drilling results. Chakana Copper released results from 13 additional resource definition and exploration holes, representing 3,265 meters of drilling, at Huancarama which is one of several breccia pipes that will be included in Chakana’s initial resource estimate. In addition to significant copper, gold, and silver grades intercepted in all resource definition drill holes, three intersected molybdenum at depths of around 350 meters below surface. Results included several high-grade intervals of greater than 50 meters, including Hole SDH21-271 which intercepted 3.46% copper, 118.8 grams of silver per tonne, and 0.63 grams of gold per tonne over 50.7 meters, or 4.89% copper equivalent.
Initial resource estimate. Chakana expects to release an initial mineral resource estimate shortly which will include breccias Bx 1, Bx 5, Bx 6, Paloma East, Paloma West, Huancarama, and possibly Bx 7, down to a depth of 300 meters. We think achieving this milestone could be a significant catalyst for the stock and help investors gauge the mineral resource potential of the broader Soledad project ...
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.