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Gold/Mining/Energy : Chesapeake Gold (CKG.V)
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To: klinker who wrote (5832)7/25/2011 3:21:31 PM
From: Zincman2 Recommendations  Read Replies (1) of 7833
 
In June 2010 Independent Mining Consultants of Tucson, Arizona (“IMC”) completed a NI 43-101
compliant resource estimate based on drilling assay results from 171 holes totaling 63,127 meters. Based
on a cut-off grade of 0.40 g/t gold equivalent and a gold price of US$900 per ounce, the estimated in-pit
mineral resources are as follows:

n March, 2011 Chesapeake commenced a 25,000 meter drill program at Metates. Drilling activities are
being prioritized around the resource conversion and geotechnical holes so that the results of this work are
available by September to allow for the completion of the PFS by the end of this year. To date, the
Company has completed 28 core holes totaling 13,509 meters. Step-out holes at 100 meters spacing
along trend to the northwest and southwest are also planned in the 2011 drill program to expand the
current resource.
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