Chakana Copper Announces Approval of the Semi-Detailed Environmental Impact Assesment at Soledad, PERU
NEWS RELEASE
CHAKANA COPPER ANNOUNCES APPROVAL of the SEMI-DETAILED
ENVIRONMENTAL IMPACT ASSESMENT at SOLEDAD, PERU
Vancouver, B.C., November 26, 2018 – Chakana Copper Corp. (TSX-V: PERU; OTCQB:
CHKKF; FWB: 1ZX) (the “ Company ” or “ Chakana ) is pleased to report that it has received
final government approval of the Semi-detailed Environmental Impact Assessment (EIAsd)
covering a portion of the Soledad copper-gold-silver project in Peru. The approval applies to the
original area of the Declaration of Environmental Impact (DIA) on the Soledad exploration
permit and includes 120 additional drilling platforms.
“This is an important milestone for Chakana as it p rovides the necessary drill platforms to test
numerous targets on the Soledad project. We are now able to apply for a modification to our
existing permit to allow us to relocate platforms beyond the original permitted area, where
several high priority targets exist, including the Huancarama Breccia Complex and the Paloma
East and West breccia pipes (Fig. 1). While we wait for the modification to be approved, we are
busy completing detailed mapping, rock sampling, soil surveys and surface electromagnetic
surveys to better prioritize future drill targets,” stated David Kelley, President & CEO.
About Chakana Copper
Chakana Copper Corp. is a Canadian based minerals e xploration 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 Cordillera Negra mountain
range of Peru.
ON BEHALF OF THE BOARD
(signed) “ David Kelley ”
David Kelley
President and CEO
For further information contact:
Michelle Borromeo, Manager – Corporate Communicatio ns
Phone: 604-715-6845
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
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This release may contain forward-looking statements . Forward-looking statements involve
known and unknown risks, uncertainties, and other f actors which may cause the actual results,
performance, or achievements of Chakana to be mater ially different from any future results,
performance, or achievements expressed or implied b y the forward-looking statements. Forward
looking statements or information relates to, among other things, our ability to modify our
existing permit on the Soledad Project to allow for the relocation of drilling platforms, the
interpretation of the nature of the mineralization at the Soledad Project, the potential to grow the
Soledad Project, the potential to expand the minera lization, the planning for further exploration
work, the ability to de-risk the potential explorat ion targets, and our belief about the unexplored
parts of the Soledad Project. These forward-looking statements are based on management’s
current expectations and beliefs but given the unce rtainties, assumptions and risks, readers are
cautioned not to place undue reliance on such forwa rd- looking statements or information. The
Company disclaims any obligation to update, or to p ublicly announce, any such statements,
events or developments except as required by law.
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Figure 1 – Map showing Chakana’s 3,085-hectare land position with known breccia pipes and
occurrences. Area of original Condor land position shown in blue, Rosales land position in
white, and Barrick concessions in green. The original Declaration of Environmental Impact
(DIA) was limited to the Condor concessions.