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Chakana Copper Corp V.PERU

Alternate Symbol(s):  CHKKF

Chakana Copper Corp. is a Canada-based minerals exploration company. The Company is engaged in advancing the Soledad Project located in the Ancash region of Peru. The Soledad Project is notable for the high-grade copper-gold-silver mineralization that is hosted in tourmaline breccia pipes. The Soledad project is located in Ancash province of central Peru, approximately 260 kilometers (km) north-northwest of Lima and 35 km south of Barrick’s Pierina mine. The project is part of the Ticapampa-Aija Mining District in the Cordillera Negra. It also holds an option interest in other mineral concessions owned by Minera Barrick Misquichilca S.A. Its wholly owned subsidiary is Chakana Resources S.A.C.


TSXV:PERU - Post by User

Post by IgnacioCashmereon Jan 04, 2024 6:43pm
254 Views
Post# 35811503

Search for Porphyry

Search for PorphyryMy take on where things stand. They are drilling to search for a copper porphyry magma chamber from which the breccia pipes were fed from below. If found, the share price will explode.  If not, there is enough metal in the breccia pipes to be economically viable on those alone. I watched a presentation by Doug Kirwin describing the nature of tourmaline breccia pipes on YT that included a description of Chakana's Soledad pipes. The gist of his expertise, breccia pipes are cone shaped. If the cones point down, you have a voluminous magma porphyry chamber below.  If they point up, either there is no porphyry below or it's too deep to exploit. I can't tell which direction Soledad cones point. The grades in Soledad's breccia pipes are astonishingly high, making them worth developing on those alone. If they find a porphyry chamber beneath, we should be worthy of a substantial buyout.
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