VIDEO - Chesapeake Gold: A Game-Changing Metallurgical Breakthrough CEO Clips Video

Rhea-AI Summary

Chesapeake Gold unveils groundbreaking results from oxidative leach technology for gold sulphide ores.

Positive

• Chesapeake Gold's oxidative leach technology oxidizes precious metal enriched sulfides 50% faster than previous test work.
• The technology has the potential to unlock gold sulphide ores globally, which could be a significant step change for the gold industry.
• Chesapeake's Metates project in Durango, Mexico, will benefit from this technology, with a large resource of 16.77 million ounces of gold and 423.2 million ounces of silver in the Measured and Indicated Mineral Resource category.

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - October 20, 2023) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) - An exploration company with two significant gold projects in Mexico and a proprietary oxidative leach technology to recover precious metals from sulphide ores. Chesapeake Gold recently unveiled groundbreaking results from the oxidative leach technology, highlighting precious metal enriched sulfides oxidizing at a rate 50% faster than previous test work1. The technology has the potential to unlock gold sulphide ores globally, which would be a significant step change for the gold industry.

Chesapeake's Metates project in Durango is an example of a sulphide gold project that will benefit from this technology, and the project has a large resource of 16.77 million ounces of gold at 0.57 grams per tonne (g/t) and 423.2 million ounces of silver at 14.3 g/t within 921.2 million tonnes in the Measured and Indicated Mineral Resource category and a further 2.13 million ounces of gold at 0.47 g/t and 59.0 million ounces of silver at 13.2 g/t within 139.5 million tonnes in the Inferred Mineral Resource category2.

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Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF)

https://chesapeakegold.com/

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/184575

FAQ

What are the recent results unveiled by Chesapeake Gold?

Chesapeake Gold recently unveiled groundbreaking results from their oxidative leach technology, which oxidizes precious metal enriched sulfides 50% faster than previous test work.

What is the potential impact of Chesapeake Gold's oxidative leach technology?

The technology has the potential to unlock gold sulphide ores globally, which could be a significant step change for the gold industry.

Which project of Chesapeake Gold will benefit from this technology?

Chesapeake's Metates project in Durango, Mexico, will benefit from this technology.

What is the resource estimate for Chesapeake's Metates project?

The Metates project has a large resource of 16.77 million ounces of gold and 423.2 million ounces of silver in the Measured and Indicated Mineral Resource category.