Drill Program Commences To Test Mega-Gold, La Joya, And Estremadoyro

VANCOUVER - Chakana Copper Corp. has initiated a fully-funded 3,000m drill program at its Soledad project in the Ancash province of Peru within the Miocene mineral belt. "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," said, President and CEO David Kelley.

Detailed information about the targets being tested in this drill program can be found in our previous news release on February 29, 2024. Drilling will be done with a Duralite T800N drill rig with HQ diameter (6.35 cm/2.5 in.) depth capacity to 500m and NQ diameter (4.76 cm/1.875 in.) core beyond that as warranted. The Duralite drill rig has a smaller-sized platform requirement minimizing surface disturbance and the cost to construct and rehabilitate. Core will be logged, photographed, cut, and sampled at site in a secure logging facility before batches of samples are transported to ALS in Lima, Peru for assaying.