'We are pleased to announce the start of our 3,000 m fully funded drill program to test three high priority targets on the south half of the Soledad project where an expanded drill permit was granted in 2023. This is the first time we have had the opportunity to drill on the south side of the Soledad project where we believe the intrusive center responsible for the district zonation we see is located. There are numerous additional mineralized tourmaline breccias on the south side, but for the first time we will be testing two bulk-tonnage targets - the giant Mega-Gold porphyry target, and further south the La Joya high-sulfidation epithermal zone with preserved advanced argillic alteration and strong silver-gold mineralization at surface. We are working with AK Drilling who has undertaken all of the 62,000-plus metres of drilling for us dating back to 2017, so we expect this program to be efficient and safe,' stated President and CEO
Drilling Program
Detailed information about the targets being tested in this drill program can be found in our previous news release on
About
In addition, extensive multidisciplinary exploration has defined 154 exploration targets, 28 of which have been tested to date (18%), confirming that Soledad is a large, well-endowed mineral system with strong exploration upside. Chakana's investors are well positioned as the
Results of an initial inferred mineral resource estimate and additional information concerning the Project, including a technical report prepared in accordance with National Instrument 43-101, are available on Chakana's profile at www.sedar.com.
Contact:
Tel: 720-233-2166
Email: info@chakanacopper.com
Forward-looking Statement Advisory
This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Chakana to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information relates to, among other things, the interpretation of the nature of the mineralization at the Soledad copper-gold-silver project (the 'Project'), the potential to expand the mineralization, and to develop and grow a resource within the Project, the planning for further exploration work, the ability to de-risk the potential exploration targets, and our belief in the potential for mineralization within unexplored parts of the Project. These forward-looking statements are based on management's current expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.
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