Chesapeake Gold (CKG.V) Message Board

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Gold/Mining/Energy : Chesapeake Gold (CKG.V)

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From: Bat Man	11/9/2010 1:31:25 PM
	3 Recommendations Read Replies (1) of 7832

AGM for CJG approved the transaction, that was yesterday. Financing being done at $1.10 for $1.5 mil. that'll leave CJG with 2.5 after the transfer of $1 mil from CKG. Drilling next year on Talapoosa. The prefeas will be late 2011, may be some interim reports , possibly one before Christmas. Looking at possibly increasing tonnage from 90,000t/d to 120,000t/d. Zinc recoveries expected to be better than expected , going to a different process from PEA (SXEW), ingots will be made onsite instead of having to be sent to a smelter.(think I got that right)so more profitable. SXEW is a process used at a lot of copper mines. Lots of drilling in 2011 to convert inferred to M&I, some step out drilling also. Lots of interested companies calling, calling all the time Randy says. That's about it for now.

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