Provides Metates Exploration Update
Chesapeake Gold Corp. (TSXV:CKG) (OTCQX:CHPGF) is pleased to announce that it has filed a Technical Report titled “Metates Sulphide Heap Leach Project – Phase 1” with an effective date of August 30, 2021.
The company has shipped selected drill core samples from Metates in Mexico to a lab in Vancouver to begin metallurgical testwork in September.
CEO, Alan Pangbourne, said the company will prioritise the intrusive and intrusive breccia portions of the Metates orebody with results of the testwork to be released on an ongoing basis. First results are expected in early Q1 2022.
“To prepare for a large and extensive metallurgical testwork programme on recently drilled core, the company set up a procedural trial on previous Metates core that had been held in storage,” Mr Pangbourne said.
“The composite being tested was an intrusive ore sample crushed to a nominal size of P80 = 13 mm. The column photos of the ore show a distinct change in colour, from gray to yellow-brown as it oxidizes from the heap leach technology. We look forward to monitoring and proving the sulphide heap leach technology is a viable process alternative for Metates.”
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-zinc deposits in the Americas with measured and indicated resources of 1,365 million tonnes grading 0.5 grams per tonne gold and 12.8 grams per tonne silver, representing 20.4 million ounces of gold and 560 million ounces of silver.
Chesapeake has also developed an organic pipeline of satellite exploration properties strategically located near Metates. In addition, the Ccmpany owns 74% of Gunpoint Exploration Ltd which owns the Talapoosa gold project in Nevada.
For further information please visit: https://chesapeakegold.com/