Chesapeake Gold Corp. (TSXV:CKG, OTCQX:CHPGF) has obtained promising results from the first five large diameter (PQ or 88 mm) infill core drill holes completed during the current drill programm4 at its flagship Metates gold-silver project in Durango, Mexico.
The 2021-2022 drill programme is slated to include 16 holes totalling approximately 6,700 m.
The infill drill holes generally target the intrusive hosted mineralisation and are spaced at approximately 50 m intervals along the strike of the Metates intrusive and enclosing sedimentary rocks.
Most drillholes included in the infill programme will have an azimuth of 215 degrees, are inclined at -55 to -75 degrees and range from 200 to 665 m depth to intersect the intrusive at near true thickness. To date, 5,325 m have been drilled in 13 holes and 1,375 m are remaining. The drilling has confirmed the as-modelled rock units, contacts, and mineralised intervals.
About 70% of all the assay intervals for the five holes exceeded a 0.35 g/t gold-silver equivalent cut-off grade (Au Eq grade). The assay intervals which intersected intrusive mineralisation were on average 9.4% higher in Au-Ag equivalent grade than estimated in the current resource block model.
President and CEO Alan Pangbourne said in addition, holes CKG21-090 and -092 are two of the best holes ever drilled at Metates based on grade-thickness product.
“We are very pleased to see that these 5 infill holes continue to support our belief that the intrusive continues to be materially higher grade than previously modelled and should have a very positive impact on the new block model, mine plan and PFS. We expect to complete this infill drilling programme by the end of March,” Mr Pangbourne said.
For further information please visit: https://chesapeakegold.com/