Chakana Copper Intersects 113 Metres from Surface with 1.17% Cu, 3.58 G/T Au, and 51.5 G/T AG
THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS W IRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
REMO RESOURCES INC.
1430-800 West Pender Street, Vancouver, BC V6C 2V6
Telephone: (604) 638-8063; Fax: (604) 648-8105
NEWS RELEASE
CHAKANA COPPER INTERSECTS 113 METRES FROM SURFACE WITH 1.17% Cu,
3.58 g/t Au, AND 51.5 g/t Ag AT THE SOLEDAD PROJECT, PERU
INCLUDING 70 METRES WITH 1.87% Cu, 3.25 g/t Au, AND 63.6 g/t Ag
Vancouver, B.C., October 25, 2017 – Remo Resources Inc. (TSX-V: RER) (the “ Company ”
or “ Remo ”), is pleased to announce results from 3 additiona l drill holes being drilled by Chakana
Copper Corp. (“Chakana” ) at the Soledad copper-gold-silver project in cent ral Peru. The
drilling campaign was initiated August 16 th , 2017 with the results of the first two drill hole s set
out in Remo’s news release of October 6, 2017 which also disclosed the proposed reverse take-
over of Remo pursuant to an amalgamation with Chakana (the “ Proposed Transaction ”).
The Soledad project is located 35 km south of the P ierina mine in the prolific Miocene
metallogenic belt of Peru. The project hosts multip le high-grade quartz-tourmaline-sulfide
breccia pipes that crop out at surface. The purpose of the drilling campaign is to define an initial
inferred resource on two of the pipes, with additio nal drilling dedicated to other pipes and targets
on the property.
All drilling to date has been on Breccia Pipe #1 (B x #1) where previous drilling had documented
continuous mineralization from surface to 490 metre s (please refer to Condor Resources Inc’s
news release of July 6, 2016). Drilling by Chakana has been from a central platform on top of the
pipe with different azimuth and dip angles to defin e the geometry of the pipe and the grade
profile.
Results from the third through fifth drill holes completed by Chakana are as follows:
DDH # Azimuth Dip From - To
(m)
Core
length (m)
Au
g/t
Ag
g/t
Cu
%
SDH17-019 235 o 77.2 o 0.0 21.0 21.0 4.06 24.4 -
And - - 87.0 124.0 37.0 0.80 136.1 2.20
And - - 205.0 230.25 25.25 1.72 221.4 1.64
SDH17-020 54.9 o 86.8 o 0.0 113.0 113.0 3.58 51.5 1.17
Including - - 0.0 43.0 43.0 4.11 31.8
Including - - 43.0 113.0 70.0 3.25 63.6 1.87
SDH17-021 55.2 o 59.9 o 0.0 36.8 36.8 4.42 23.2 -
The true widths of the mineralized intervals report ed in this release are difficult to ascertain and a dditional
drilling will be required to constrain the geometry of the mineralized zones
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David Kelley, President and Chief Executive Officer of Chakana, commented as follows:
“The results from these three additional drill hole s confirm our belief that the breccia pipes at
Soledad host significant high-grade mineralization. The grades are exceptional, particularly at
the margin of the pipes where sulfide contents incr ease. Hole SDH17-019 is especially
significant as it is the first hole drilled to the southwest and it penetrates a blind breccia zone
from 88 to 230 metres that was previously unknown. Within this zone are two strongly
mineralized intervals of 37 metres with 2.20% Cu, 0 .80 g/t Au, and 136.1 g/t Ag; and 25.25
metres with 1.64% Cu, 1.72 g/t Au, and 221.4 g/t Ag . This new breccia zone will be followed up
with additional drilling. Hole SDH17-020 has an imp ressive continuous mineralized interval of
113m from surface. Hole SDH17-021 was drilled at a shallower angle to locate the outer contact
of the breccia pipe and only penetrated the superge ne weathering zone, which is partially
oxidized and typically has higher gold grades than the primary zone but is devoid of copper. The
three holes ended in propylitically altered andesit e at depths of 297.5m, 216.7m, and 196.9m,
respectively. Additional drilling will help confirm the geometry of the pipe in the top 250 metres
from this central location, followed by step-out dr illing from platforms back across the pipe at
greater depth.
Sampling and Analytical Procedures
Chakana follows rigorous sampling and analytical pr otocols that meet or exceed industry
standards. All core drilled to date has been HQ dia meter with down-hole surveying using a
Reflex tool. Drill core is photographed, logged and sampled at the project site. Core is split in
half using a diamond saw with half of the interval used for assay and the other half for permanent
archive. Sample intervals are 1 metre in mineralize d breccia and 2 metres in un-mineralized host
rock unless there is an important contact between t hese intervals. Samples for assay are placed in
individual plastic bags with a unique sample identi fication, sealed with a plastic zip tie, and
stored in a secured area until transport in batches to the ALS facility in Callao, Lima Peru.
Samples are processed under the control of ALS with the samples including certified reference
materials, a coarse and finely-crushed blank and du plicates samples. All samples are analyzed
using the ME-MS41 procedure in order to obtain a comprehensive multi-element overview of the
geochemistry. Gold is analyzed by ME-MS41 (not cons idered reliable), AA24 (higher precision)
and GRA22 when values exceed 10 g/t. Over limit Si lver, copper, lead and zinc is analyzed
using the OG-46 procedures.
Additional information concerning the Soledad Proje ct will be contained in a technical report to
be filed by Remo in connection with the Proposed Tr ansaction which will be made available on
Remo’s SEDAR profile at www.sedar.com. Remo has not received as of this date, any
geological technical report prepared in accordance with National Instrument 43-101.
Qualified Person
Technical information in this news release has been approved by David Kelley, Qualified
Professional - Geology designation from the Mining and Metallurgical Society of America, a
Director of Chakana and a Qualified Person as defin ed by NI 43-101 – Standards of Disclosure
for Mineral Projects .
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For further information please contact Stephen Kenwood at (604) 638-8063
ON BEHALF OF THE BOARD
(signed) “ Stephen Kenwood ”
Stephen Kenwood
President and CEO
Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in the poli cies of the
Exchange) accepts responsibility for the adequacy o r accuracy of this release.
All information contained in this news release with respect to Remo and Chakana was supplied by the pa rties,
respectively, for inclusion herein, and Remo and it s directors and officers have relied on Chakana for any
information concerning such party, including inform ation concerning the Soledad project.
This news release contains forward-looking statemen ts relating to the future operations of the Company , Chakana,
and the Resulting Issuer and other statements that are not historical facts. Forward-looking statement s are often
identified by terms such as "will", "may", "should" , "anticipate", "expects" and similar expressions. All statements
other than statements of historical fact, included in this release, including, without limitation, sta tements regarding
the Proposed Transaction and the future plans and o bjectives of the Company, Chakana, and the Resultin g Issuer
are forward-looking statements that involve risks a nd uncertainties. There can be no assurance that su ch statements
will prove to be accurate and actual results and fu ture events could differ materially from those anti cipated in such
statements.
Completion of the Proposed Transaction is subject t o a number of conditions, including but not limited to, TSX
Venture Exchange acceptance and if applicable pursu ant to TSX Venture Exchange requirements, majority of the
minority shareholder approval. Where applicable, th e Proposed Transaction cannot close until the requi red
shareholder approval is obtained. There can be no a ssurance that the Proposed Transaction will be comp leted as
proposed or at all.
Investors are cautioned that, except as disclosed i n the management information circular or filing sta tement to be
prepared in connection with the Proposed Transactio n, any information released or received with respec t to the
Proposed Transaction may not be accurate or complet e and should not be relied upon.
The Exchange has in no way passed upon the merits o f the Proposed Transaction and has neither approved nor
disapproved the contents of this press release .
The securities referred to in this news release hav e not been, nor will they be, registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account
or benefit of, U.S. persons absent U.S. registratio n or an applicable exemption from the U.S. registra tion
requirements. This news release does not constitute an offer for sale of securities for sale, nor a so licitation for
offers to buy any securities. Any public offering o f securities in the United States must be made by m eans of a
prospectus containing detailed information about th e company and management, as well as financial stat ements.