Chakana Copper Corp. is a Canadian based minerals exploration company and through its wholly owned Peruvian subsidiary, Chakana Resources S.A.C., is currently advancing the Soledad project near Aija, in the Ancash region of the highly prolific Miocene mineral belt of Peru.
Chakana Copper Corp is a Canadian based minerals exploration company that is currently advancing the expanded Soledad copper-gold-silver project in the Ancash region of the highly prolific Miocene mineral belt of Peru. The Soledad Project consists of high-grade copper-gold-silver mineralization hosted in tourmaline breccia pipes. A total of 30,273m of drilling has been completed to-date, testing seven of twenty-three confirmed breccia pipes.
The company was recently granted final Peruvian Government approval of the Initiation of Activities for the Semi-detailed Environmental Impact Assessment (“EIASD”) covering the central part of the expanded Soledad project (Fig. 1). This permit allows the company to expand and accelerate its exploration program into some of the highest priority areas that have demonstrated significant surface and geophysical anomalies that have not been previously drilled. A fully funded 15,000m exploration drill program is already defined and will focus on testing several high-priority targets.
- Strong management team with a proven track record
- Strong capital structure
- Gold Fields Ltd. cornerstone investment partner
- Highly favourable mining jurisdiction
- Ancash Province, Peru
- Active mining district, supportive communities and labour force with mining experience
- Soledad Discovery Project - High Grade Cu / Au / Ag:
- 23 confirmed mineralized breccia pipes at surface + 92 total targets
- 100% owned / 100% option on expanded Soledad project - 3,085 hectares
- Aggressive 15,000 m definition drill program planned
- More than 35,000 m drilling completed on project
- Permit for expanded drilling granted July 2020
- Q3 drill program fully funded, testing new targets
- Well positioned to become a development project for global copper shortage, supply and demand
Investor & Media Relations Contact Information
THE CHAKANA COPPER EXECUTIVE TEAM
DAVID KELLEYChief Executive Officer, President and Director
XAVIER WENZELChief Financial Officer
DOUGLAS J. KIRWINChairman and Director
THOMAS E. WHARTON, JR.Director
Mr. Kelley is an economic geologist and exploration geochemist with more than 25 years of international exploration experience throughout the Americas, Central Asia and Australasia. Most recently David was responsible for developing the exploration program at Las Bambas for MMG as the General Manager Exploration - Americas. Prior to this he worked for Oz Minerals, Zinifex, Newmont, WMC, BHP, Westmont Mining and Gold Standard. He was directly involved in the discovery of the Zuun Mod Mo-Cu deposit in Mongolia, the Wayamaga Au deposit in French Guiana, and the High Lake East VHMS deposit in Nunavut. He obtained a B.Sc. degree in geology from Colorado State University in 1985 and an M.Sc. degree in geology/geochemistry from the Colorado School of Mines in 1989. He is a past President of both the Society of Economic Geologists Foundation and the Association of Applied Geochemists.
Mr. Wenzel is a Chartered Professional Accountant (member of the Chartered Professional Accountants of BC) with more than 20 years of public accounting experience as an auditor and senior level executive with both public and private entities in North and South America. Mr. Wenzel is from Mexico City, is bi-lingual and has served as the Chief Financial Officer for several exploration companies.
DOUGLAS J. KIRWIN
Mr. Kirwin is an independent geologist with 45 years of international exploration experience. He held senior positions with Anglo American and Amax during the 1970’s and was Managing Director of a successful international geological consulting firm during the 1980’s and early 1990’s. In 1995 he accepted a role as Vice President, Exploration for Indochina Goldfields and subsequently became the Executive Vice President for Ivanhoe Mines Limited until 2012 after which Ivanhoe was acquired by Rio Tinto. Mr. Kirwin was also a director of South Gobi Energy, Jinshan Gold and a founding non-executive director of Ivanhoe Australia Ltd. and an adjunct professor at James Cook University, Australia.
As a member of the joint discovery team for the Hugo Dummett deposit at Oyu Tolgoi in Mongolia, he was a co-recipient of the PDAC inaugural Thayer Lindsley medal awarded for the most significant international mineral discovery in 2004. Other mineral discoveries made by Mr. Kirwin’s exploration teams include the Jelai-Mewet and Seryung epithermal deposits in north east Kalimantan, the Eunsan-Moisan gold mines in South Korea, the Moditaung gold deposits in Myanmar and the Merlin Re-Mo deposit in Australia.
Mr. Black is an economic geologist with more than 30 years of exploration experience in the Americas, Central Asia, the SW Pacific, and Eastern Europe/Western Asia. He first worked in South America in 1993 and has been actively involved in mineral exploration throughout the continent for several companies since that time. Mr. Black was the founding President of Antares Minerals Inc. and was instrumental in acquiring the Haquira project in Peru for Antares. He was the key driver in negotiating the sale of Antares to First Quantum Minerals for C$650 million. Mr. Black’s early career included work with Bear Creek Mining Company, Kennecott Minerals Corporation, Rio Tinto and Western Mining Corporation and he currently serves as a Director or Technical Advisor for several private and public exploration companies.
His professional credentials include a B.Sc. degree in Geology from Stanford University in 1983 and an M.S. degree in Geology - Ore Deposits Exploration from the same University in 1988.
Mr. Devine is the principal of CDM Capital Partners, a firm that provides corporate finance advisory services to private and public companies. Mr. Devine also acts as a director and/or officer to a number of junior public companies in the natural resource and technology sectors. In addition, he is currently an active member of the TSX Venture Exchange’s Local Advisory Committee. Mr. Devine is qualified as a barrister and solicitor in British Columbia and in England & Wales and prior to founding CDM Capital Partners, practiced exclusively in the areas of corporate finance and securities law.
THOMAS E. WHARTON, JR.
Mr. Wharton has over 30 years of experience in the development, marketing, management, financing, and the sale of early stage companies. Since January 2011 Mr. Wharton has been the Investment Manager for Saint Thomas Capital Partners, evaluating and managing investments in the areas of junior mining, oil & gas, and business to business technology services. Mr. Wharton has had integral experience working with all aspects of public and private companies in both junior exploration and mining and is a Director of Ely Gold Royalties, Dolly Varden Silver and Angel Gold.
Mr. Wharton received a Bachelor’s degree in Business Administration from Creighton University in 1983 and began his career at Bozell & Jacob’s Advertising. In 1988 Tom was promoted to Bozell’s Business to Business New York Advertising division Poppe Tyson where he advanced to CFO and CIO in 1992. While CIO at Poppe Tyson, Mr. Wharton co-founded, managed, and was a Director for Poppe’s ad sales network, Doubleclick Inc. where he assisted in its early management and initial financing. DoubleClick is now owned by Google.
From 1998 to 2011 Mr. Wharton was an independent consultant offering “startup” consulting services or equity capital financing to various developing internet companies including Vente Inc and Cheetamail Inc., which were purchased by Experian, and Trancentrix Inc., which was purchased by Ruesch International.
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