Canadian junior Remo Resources (CN:RER) announced the latest high-grade intercepts from Soledad which include 113m at 1.17% copper, 3.58g/t gold and 51.5g/t silver from surface.
Remo is in the midst of a reverse take-over of the company earning into Soledad, private British Columbian corporation Chakana Copper Corp, which in turns owns 99.99% of the Peruvian company Chakana Resources that struck a deal in April to earn 100% of Soledad from Condor Resources (CN:CN).
Chakana president and CEO David Kelley described the drilling results as "exceptional" and said they confirmed the company's belief that the breccia pipes at Soledad hosted significant high-grade mineralisation.
"Hole SDH17-019 is especially significant as it is the first hole drilled to the southwest and it penetrates a blind breccia zone from 88-230m that was previously unknown," he said.
Kelley is set to have the same role in the new company, with the reverse takeover expected to be completed by January 31, subject to conditions including Chakana raising a minimum of C$4 million (US$3.1 million).
