Chakana Drills Plus-Kilogram Silver at La Joya and Identifies Discrete Porphyry Targets at Mega-Gold, Soledad Project, Peru

Original announcement by tmx on Aug 29, 2024

Bullish

Company: Chakana Copper Corp.
Ticker: PERU
Exchange: TSX
Region: Ancash, Peru
Primary commodity: Silver
Secondary commodities: Gold, Copper, Lead, Molybdenum
Document categories: Drill results, Other
Extracted: 2026-08-21 09:32:40 UTC

Minestarters Atlas analysis

Summary

Chakana Copper Corp. reported high-grade silver and gold intercepts at the La Joya prospect, including a 1,005 g/t Ag sub-interval. Additionally, scout drilling at Mega-Gold confirmed zoned alteration consistent with a porphyry environment, identifying two new discrete targets.

Reasoning: The release reports high-grade silver intercepts (over 1,000 g/t) and identifies new porphyry targets, significantly advancing the exploration potential of the Soledad project.

Positive factors

exceptional silver grades at La Joya
identification of new porphyry targets at Mega-Gold
QA/QC protocols disclosed

Negative factors

apparent widths reported without true widths for La Joya

Facts used in scoring: 10

Atlas analysis — Chakana Copper Corp.: Chakana Drills Plus-Kilogram Silver at La Joya and Identifies Discrete Porphyry Targets at Mega-Gold, Soledad Project, Peru. 323.6 g/t over 4.5 m; 20.5 g/t over 5 m

Classification and evidence

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 1,005 g/t Ag is an exceptionally high-grade zone.

Evidence · table

“1,005.0”

Context: 0.75

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: Release details sampling protocols, including blanks, standards, and duplicates at ALS.

Evidence · text

“Sample batches include certified reference materials, blanks, and duplicate samples”

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: Reported intervals for La Joya are noted as not being true widths due to uncertain geometry.

Evidence · text

“Reported intervals are not true widths given the uncertain geometry”

Extracted facts

Stored fact records: 10. Some facts used in scoring do not have a stored record.

Drill Results (10)

LJDH24-002Soledad · silverGrade: 323.6Grade Unit: g/tIntercept: 4.5 mView all details

Link to this fact

Identity

Hole ID: LJDH24-002
Project: Soledad
Commodity: silver
Region: peru
Reported Region: Ancash, Peru
Ticker: PERU

Geometry

Grade: 323.6
Grade Unit: g/t
Intercept: 4.5 m
From: 58 m
To: 62.5 m

Classification

Sample Type: drill
Group ID: LJDH24-002:58.0-62.5
Mining Method: underground

QA/QC

Laboratory: ALS
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes
QA/QC Methods: blanks, standards, duplicates

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-08-29T00:00:00.000Z

Reasoning: 323.6 g/t Ag over 4.5m is a strong intercept for an epithermal system.

Positive factors

strong silver grade

Negative factors

apparent width only

Evidence · text

“323.6 gpt Ag and 0.25 gpt Au over 4.5 m from 58.0 m”

LJDH24-002Soledad · goldGrade: 0.25Grade Unit: g/tIntercept: 4.5 mView all details

Link to this fact

Identity

Hole ID: LJDH24-002
Project: Soledad
Commodity: gold
Region: peru
Reported Region: Ancash, Peru
Ticker: PERU

Geometry

Grade: 0.25
Grade Unit: g/t
Intercept: 4.5 m
From: 58 m
To: 62.5 m

Classification

Sample Type: drill
Group ID: LJDH24-002:58.0-62.5
Mining Method: underground

QA/QC

Laboratory: ALS
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes
QA/QC Methods: blanks, standards, duplicates

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-08-29T00:00:00.000Z

Reasoning: 0.25 g/t Au is a modest grade for this system.

Evidence · text

“323.6 gpt Ag and 0.25 gpt Au over 4.5 m”

LJDH24-002Soledad · silverGrade: 1005Grade Unit: g/tIntercept: 0.75 mView all details

Link to this fact

Identity

Hole ID: LJDH24-002
Project: Soledad
Commodity: silver
Region: peru
Reported Region: Ancash, Peru
Ticker: PERU

Geometry

Grade: 1005
Grade Unit: g/t
Intercept: 0.75 m
From: 60.5 m
To: 61.25 m

Classification

Sample Type: drill
Group ID: LJDH24-002:60.5-61.25
Mining Method: underground

QA/QC

Laboratory: ALS
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes
QA/QC Methods: blanks, standards, duplicates

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-08-29T00:00:00.000Z

Reasoning: 1,005 g/t Ag is an exceptional bonanza grade.

Positive factors

Bonanza Intercept

Evidence · table

“1,005.0”

Context: 0.75

LJDH24-002Soledad · goldGrade: 0.45Grade Unit: g/tIntercept: 0.75 mView all details

Link to this fact

Identity

Hole ID: LJDH24-002
Project: Soledad
Commodity: gold
Region: peru
Reported Region: Ancash, Peru
Ticker: PERU

Geometry

Grade: 0.45
Grade Unit: g/t
Intercept: 0.75 m
From: 60.5 m
To: 61.25 m

Classification

Sample Type: drill
Group ID: LJDH24-002:60.5-61.25
Mining Method: underground

QA/QC

Laboratory: ALS
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes
QA/QC Methods: blanks, standards, duplicates

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-08-29T00:00:00.000Z

Reasoning: High grade gold within a silver bonanza interval.

Evidence · table

“0.45”

Context: 0.75

LJDH24-002Soledad · leadGrade: 0.42Grade Unit: %Intercept: 0.75 mView all details

Link to this fact

Identity

Hole ID: LJDH24-002
Project: Soledad
Commodity: lead
Region: peru
Reported Region: Ancash, Peru
Ticker: PERU

Geometry

Grade: 0.42
Grade Unit: %
Intercept: 0.75 m
From: 60.5 m
To: 61.25 m

Classification

Sample Type: drill
Group ID: LJDH24-002:60.5-61.25
Mining Method: underground

QA/QC

Laboratory: ALS
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes
QA/QC Methods: blanks, standards, duplicates

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-08-29T00:00:00.000Z

Reasoning: Trace lead reported in high-grade interval.

Evidence · text

“0.42% Pb”

LJDH24-003Soledad · silverGrade: 20.5Grade Unit: g/tIntercept: 5 mView all details

Link to this fact

Identity

Hole ID: LJDH24-003
Project: Soledad
Commodity: silver
Region: peru
Reported Region: Ancash, Peru
Ticker: PERU

Geometry

Grade: 20.5
Grade Unit: g/t
Intercept: 5 m
From: 48 m
To: 53 m

Classification

Sample Type: drill
Mining Method: underground

QA/QC

Laboratory: ALS
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes
QA/QC Methods: blanks, standards, duplicates

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-08-29T00:00:00.000Z

Reasoning: 20.5 g/t Ag is a moderate intercept.

Evidence · table

“20.5”

Context: 5.00

LJDH24-003Soledad · goldGrade: 0.18Grade Unit: g/tIntercept: 5 mView all details

Link to this fact

Identity

Hole ID: LJDH24-003
Project: Soledad
Commodity: gold
Region: peru
Reported Region: Ancash, Peru
Ticker: PERU

Geometry

Grade: 0.18
Grade Unit: g/t
Intercept: 5 m
From: 48 m
To: 53 m

Classification

Sample Type: drill
Mining Method: underground

QA/QC

Laboratory: ALS
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes
QA/QC Methods: blanks, standards, duplicates

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-08-29T00:00:00.000Z

Reasoning: Low grade gold intercept.

Evidence · table

“0.18”

Context: 5.00

MGDH24-002Soledad · goldGrade: 1.8Grade Unit: g/tIntercept: 2 mView all details

Link to this fact

Identity

Hole ID: MGDH24-002
Project: Soledad
Commodity: gold
Region: peru
Reported Region: Ancash, Peru
Ticker: PERU

Geometry

Grade: 1.8
Grade Unit: g/t
Intercept: 2 m
From: 89 m
To: 91 m

Classification

Sample Type: drill
Mining Method: unknown

QA/QC

Laboratory: ALS
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes
QA/QC Methods: blanks, standards, duplicates

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-08-29T00:00:00.000Z

Reasoning: 1.8 g/t Au over 2m is a notable intercept in a scout hole.

Evidence · text

“2.0 m of 1.8 gpt gold”

MGDH24-002Soledad · copperGrade: 0.35Grade Unit: %Intercept: 2 mView all details

Link to this fact

Identity

Hole ID: MGDH24-002
Project: Soledad
Commodity: copper
Region: peru
Reported Region: Ancash, Peru
Ticker: PERU

Geometry

Grade: 0.35
Grade Unit: %
Intercept: 2 m
From: 89 m
To: 91 m

Classification

Sample Type: drill
Mining Method: unknown

QA/QC

Laboratory: ALS
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes
QA/QC Methods: blanks, standards, duplicates

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-08-29T00:00:00.000Z

Reasoning: 0.35% Cu is a decent intercept for a scout hole.

Evidence · text

“0.35% copper from 89.0 m depth”

MGDH24-003Soledad · goldGrade: 11.05Grade Unit: g/tIntercept: 1.5 mView all details

Link to this fact

Identity

Hole ID: MGDH24-003
Project: Soledad
Commodity: gold
Region: peru
Reported Region: Ancash, Peru
Ticker: PERU

Geometry

Grade: 11.05
Grade Unit: g/t
Intercept: 1.5 m
From: 127.5 m
To: 129 m

Classification

Sample Type: drill
Mining Method: unknown

QA/QC

Laboratory: ALS
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes
QA/QC Methods: blanks, standards, duplicates

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2024-08-29T00:00:00.000Z

Reasoning: 11.05 g/t Au is a strong intercept for a scout hole.

Evidence · text

“1.5 m of 11.05 gpt gold”

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.