TSX-V: CKG | OTC: CHPGF
Overview
From the web site: Chesapeake is focused on the exploration and development of precious metal projects in North America. Chesapeake’s major project is its 100% owned Metates gold deposit located in Durango state, Mexico. Metates is one of the largest undeveloped gold and silver projects in the world.
Recently Independent Mining Consultants of Tucson, Arizona reported a NI 43-101 measured and indicated resource estimate of 14.7 million ounces of gold, 396 million ounces of silver and 2.6 billion pounds of zinc plus an inferred resource of 1.9 million ounces gold, 38 million ounces silver and 212 million pounds of zinc. On a gold equivalent basis, Metates contains 20.2 million ounces of gold in measured and indicated material along with 2.4 million ounces in the inferred category. Metates remains open along strike In both directions.
Chesapeake is well-funded to fast track development work at Metates. Metallurgical, engineering and environmental work underway will result in a Preliminary Economic Assessment of Metates by late 2009 – early 2010.
Summary of the NI 43-101 resource estimate:
Resources
Chesapeake Gold web site
Corporate presentation (pdf)
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