Alan Pangbourne, Chief Executive Officer of Chesapeake Copper Corp. (TSXV: CKG), gives The Assay TV an update on the PEA results for the Phase 1 mine plan of the Metates gold-silver project in Durango, Mexico.
Alan identifies the initial development of Metates as a low-cost, scalable heap-leach operation with a pre-tax NPV of C$1.43B. In the first 15 years, the project will produce an annual average of over 110,000 ounces gold and 2.5M ounces silver.
Primary ticker: TSXV:CKG
Stage of development: Development
Commodities: Gold, Silver
Project to promote: Metates
Project location: Mexico
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