Movers and SHAKERS
Chakana Copper Corp (CHKKF)(PERU:CA)
Scratching the Surface of Soledad's Resource Potential
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.
Exploration drill results. Chakana released results from five exploration holes that tested two targets, including Bx 7 and the Marker breccia. Hole SDH21-212 at Breccia Bx 7 returned 0.62 grams of gold per tonne, 79 grams of silver per tonne, and 0.20% copper from surface to a depth of 220 meters. Three higher grade intervals were revealed at depth with increasing gold grades, high silver grades, and moderate copper grades. Additional drilling is needed to define its shape and depth before initiating resource definition drilling. At Marker, three shallow drill holes intersected tourmaline breccia but returned no significant grades.
Initial resource estimate expected by year-end. The company expects to release an initial resource estimate in December which will include Bx 1, Bx 5, Bx 6, Paloma East, Paloma West, and Huancarama down to a depth of 300 meters. Resource definition drilling has been completed and the company has paused its exploration drilling program to complete geophysical surveys. Results for 51 resource ...
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.