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Chakana Copper (TSX-V: PERU) - Pivotal 3,000m Drill Program for Tier-One Potential in Peru

07 Mar 2024

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Interview with David Kelley, President & CEO of Chakana Copper Corp.Our previous interview: https://www.cruxinvestor.com/posts/chakana-copper-tsxvperu-major-copper-discovery-potential-seen-in-peru-4863Recording date: 4th March 2024Chakana Copper (TSX-V: PERU) is a junior exploration company that offers a compelling opportunity for exploration upside in 2024. The company's flagship Soledad project in Peru has already yielded a significant high-grade copper-gold-silver discovery, with a maiden resource boasting over 600,000 gold equivalent ounces starting at surface.Chakana has systematically advanced Soledad with 62,000 meters of drilling to date funded by $52 million in raises from strategic investors including mining heavyweights Goldfields and Rick Rule. Their involvement provides strong validation of the project's potential.Now, Chakana is poised to kick off a pivotal 3,000-meter drill program in April to test two exciting new targets: a potential copper-gold porphyry system underlying the known high-grade breccia pipes, and a high-sulphidation epithermal target that could represent the top of a large mineralized system.While this initial program is modest in scale, it will provide valuable information about the potential for these targets to host tier-one scale deposits. Goldfields has indicated that intercepting a large mineralized system, even without economic grades on the first pass, would be considered a success that warrants follow-up drilling.Positive drill results could drive a significant re-rating of Chakana's stock. Investors should monitor upcoming drill results closely and be prepared to act quickly to capitalize on any exploration success.The current market environment for copper is highly favorable, with growing structural supply deficits expected as the world transitions to a low-carbon economy. This backdrop is likely to drive strong interest in and premium valuations for new, scalable copper discoveries.For investors with a high-risk tolerance and a penchant for exploration upside, Chakana Copper presents a timely opportunity. With drilling now underway, the company appears poised for a potential re-rating on exploration success in the coming months. Positive drill results could quickly put Chakana on the map for investors, driving substantial returns. Investors should size any position appropriately and be prepared to adapt their thesis as the company's story evolves.View Chakana Copper's company profile: https://www.cruxinvestor.com/companies/chakana-copperSign up for Crux Investor: https://cruxinvestor.com

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