Chakana Heralds Peruvian Find

Chakana Heralds Peruvian Find

By: Tomas Ronolski - AllPennyStocks.com News

Thursday, February 7, 2019

Excitement reigned in the Vancouver boardroom of at least one junior miner early Thursday morning. Chakana Copper Corp. (TSX-Venture:PERU) excitedly announced news of fresh  initial drill results from Breccia Pipe 6 (Bx 6) at the Soledad copper-gold-silver project in central Peru. 

The company says, in all, there are 17 confirmed breccia pipes on the Soledad project, 12 of them in the Soledad cluster, and four of the 17 confirmed pipes have been drilled to date.

Seven of the eight holes intersected significant mineralization, including 59.3 metres with 1.28 grams per ton gold (g/t Au), 0.53% copper (Cu), and 497.2 g/t silver (Ag) from 28m in hole SDH18-102. Within this interval, a 22.8m zone intersected 2.93 g/t Au, 1.37% Cu, and 1,283.2 g/t Ag.

Said Chakana CEO David Kelley, “These results are an outstanding start for Bx 6, the third mineralized tourmaline breccia pipe drilled on the property to date.

Shares in Chakana took on five cents, or 14.9%, to greet noon hour at 38.5 cents, on volume of 269,000 shares.


Copyright © 2019 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Other Penny Stock Movers

The Bulls Look Ready To Pounce On This Beaten Up Name
Technicals Appear To Point To New Uptrend For Clean Energy Stock
Amex through Roof on Quebec Gold Find
Melkior Price Take Flight on New Surface Grab Near Timmins


Back to Top