Interview with David Kelley, CEO of Chakana Copper Corp. (TSX-V: PERU)

Merlin Marr-Johnson spoke to David Kelley the CEO of Chakana Copper Corp. (TSX-V: PERU), to discuss the company and its recent activities).

Chakana Copper Corp. is a Canadian junior minerals exploration company, focused on the advancement of its Soledad project near the town of Aija in the Ancash province of central Peru. The project forms part of the Ticapampa-Aija mining district in the Cordillera Negra, which has a long history of mining. The Soledad project consists of high-grade copper, gold and silver mineralisation initiated at the surface. The Soledad project holds an initial inferred mineral resource, published in early 2022, of 191,000 ounces of gold and 130 million pounds of silver. The project is envisioned to consist of both open-pit and underground mining operations. 

The company notes that a disconnect exists between the market demand for metals, specifically energy transition metals such as copper and the valuation of junior mining companies, which aim to fulfil the need. Chakana Copper Corp. believes that the market is experiencing a withdrawal and hesitance of investors, who are uncertain about future economic conditions. The opportunity, according to the company, exists that should the global economic sector turn, the value of various junior companies will multiply as investors will feel confident to enter the market once again. 

Chakana Copper Corp., along with other junior mining companies, will have a roundtable discussion with the government of Peru on a quarterly basis. The roundtable discussions will be aimed at addressing the challenges mining companies face in the company and coming to solutions which will be mutually beneficial agreements for the country’s mining sector and the companies. 

Chakana Copper Corp. is underway preparing for its exploration drilling program planned to commence in May 2023.