Interview with David Kelley, President & CEO of Chakana Copper Corp.
Our previous interview: https://www.cruxinvestor.com/posts/chakana-copper-tsxvperu-financing-ready-ready-to-drill-4736
Recording date: 22nd January 2024
Chakana Copper is focused on demonstrating the sizable copper exploration upside at its Soledad project in Peru through an upcoming 2400 meter drill campaign. Having raised over $3 million from renowned resource investor Rick Rule and Goldfields to fund this work, Chakana aims to prove up what it believes could be a major high-grade copper discovery.
Situated in a prolifically mineralized tourmaline breccia pipe-hosting region of Peru, Soledad contains exceptionally high-grade copper at surface in pipes analyzed thus far. One intercept graded an impressive 27% copper and nearly 1 kilogram per tonne silver. Mineralization observed has also been continuous, with a drill hole returning 485 meters at over 1% copper from surface.
While precious metals like silver and gold predominate near surface, Chakana President and CEO David Kelley views Soledad as fundamentally a premier copper asset. The primary Solita Norte target exhibits clear discovery potential, with Kelley stating if exploration efforts hit mineralization there, “we’re going to hit it out of the park for sure.”
The Solita Norte target encompasses a 2.5 square kilometer copper and molybdenum anomaly central to surrounding breccia pipes and resides beside key indicators of a significant copper-bearing intrusive center.
Positive characteristics notwithstanding, shares in Chakana Copper trade around all-time lows, presenting a compelling risk/reward opportunity. Chakana provides leveraged exposure ahead of both extensive drilling on its copper assets and expectations for multi-year copper supply shortfalls signaling substantially higher prices by 2025. Exploratory success could rerate Chakana considerably higher.
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View Chakana Copper's company profile: https://www.cruxinvestor.com/companies/chakana-copper
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What is Company Interviews?
An insight into junior mining and opportunities to invest.
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