15,000m Soledad Project Drilling Programme Underway In Peru
Chakana Copper Corp.(TSXV: PERU)has made a new high-grade discovery at the Paloma West target at the expanded Soledad Project in Ancash, Peru.
Results from the first three holes at Paloma West are part of the ongoing Phase 3 drill programme, a fully funded 15,000m drill programme that started August 15, 2020.
Phase 3 is testing a tight cluster of high-grade, gold-enriched tourmaline breccia pipe targets within the Paloma and Huancarama breccia complexes.
President and CEO, David Kelley, said 10 holes have now been completed in the Paloma targets for a total of 2,387m. Drilling is currently underway at Huancarama where three holes have been completed thus far.
“The first three holes in Paloma West demonstrate very significant grades for copper and precious metals, which are especially encouraging given the shallow depths,” Mr Kelley said.
“When considered with the broad zones of mineralization encountered at Paloma East located 150m to the north east, the Paloma area has far exceeded our expectations with initial scout drilling and mineralisation open at depth. We look forward to releasing more results on drilling at Paloma West.”
The Paloma target area consists of two mapped outcropping breccia pipes, Paloma East and Paloma West and at least one breccia dike.
Previous surface rock sampling confirmed strongly anomalous gold concentrations in both the targeted breccia pipes as well as within several scattered small exposures of breccia and vein-like structures in the Paloma area.
The Paloma East and Paloma West surface expressions are located on the flanks of a prominent late-time electromagnetic conductivity feature. The anomaly extends beyond the limits of the survey grid and the Paloma area, representing an expanded area for future exploration.
