Interview with David Kelley, President & CEO of Chakana Copper Corp.

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Recording date: 8th November 2023

Chakana Copper (Ticker: PERU) is a junior exploration company focused on the Soledad project in Peru's Ancash province. The company has published a high-grade discovery with a resource estimate on a portion of the project. Chakana recently received a new permit that opens up the southern half of Soledad, providing access to several tier-one exploration targets.

The company is currently raising $2.2 million through a private placement, with lead order from strategic investor Gold Fields who holds 19.9% of Chakana. The funds will support a 2,400 meter drill program targeting the Mega-Gold porphyry target, as well as additional breccia pipe targets. Mega-Gold exhibits classic porphyry signatures including strong geochemical anomalies, quartz-pyrite-chalcopyrite veining, and a large IP chargeability anomaly indicating sulfide mineralization starting at just 125m depth.

Drilling is slated to commence in March 2024 once the rainy season passes. In the meantime, Chakana will continue resource estimation work and geometallurgical studies on the existing high-grade resource. The company believes the Soledad project offers tremendous exploration upside through systematic targeting of the broader mineralized system.

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