One of the Largest Undeveloped Gold-Silver Projects Globally
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The Assay TV – Jean-Paul Tsotsos, Interim CEO of Chesapeake Gold (TSXV:CKG) – 17/7/2024
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Chesapeake Gold Corp.
8 May, 2024
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Stock Code:
TSXV: CKG, OTCQX: CHPGF
Company Exposure:
Gold, Silver
Project Locations:
Mexico | USA
Chesapeake Gold Corp. is focused on the discovery, acquisition, and development of major gold silver deposits in North and South America. Chesapeake’s flagship asset is the Metates Project located in Durango State, Mexico.
Metates hosts one of the largest undeveloped gold-silver deposits in the Americas with over 16.77Moz of gold at 0.57g/t and 423.2Moz of silver at 14.3g/t within 921.2Mt in the measured and indicated mineral resource category and a further 2.13Moz of gold at 0.47g/t and 59.0Moz of silver at 13.2g/t within 139.5Mt in the inferred mineral resource category.
Chesapeake has an organic pipeline of satellite exploration properties strategically located near Metates, including the new gold discovery at its Lucy project. In addition, the company owns 68% of Gunpoint Exploration Ltd., which owns the Talapoosa gold-silver project in Nevada.
Investment Highlights
- New oxide gold discovery at the Lucy Project: 2023 drilling intercepted 6.1g/t gold over 24m from surface. One of several holes delineating a 500m zone of mineralized skarn
- Metates is one of the largest undeveloped gold-silver deposits in the world
- Higher grade core of 195Mt of 0.76g/t gold and 13.3g/t silver confirmed at Metates in 2022 Faster oxidative leach tech identified in 2023
- Proprietary sulphide oxidative leach technology unlocks Metates precious metals with a pathway to “Green Gold”
- PEA demonstrates alternative development: Financeable, deliverable, & expandable
- Favourable Jurisdiction: Mexican team in place for decades with strong community relations
- Well funded: ~C$22M in treasury, low burn rate
