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Chesapeake Announces Infill Drilling Program at Metates
Vancouver, British Columbia--(Newsfile Corp. - October 19, 2021) - Chesapeake Gold Corp. (TSXV...
About this update from Chesapeake Gold Corp.
[{"type":"text","content":"Chesapeake Announces Infill Drilling Program at MetatesVancouver, British Columbia--(Newsfile Corp. - October 19, 2021) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (\"Chesapeake\" or the \"Company\") wishes to report that a 16 hole infill drill program will commence in November on its world class, Metates gold-silver project located in Durango State, Mexico.The five-hole PQ diameter core drill program completed in June (NR11-2021) for metallurgical test work returned on average, a 19% increase in grade over the block model predicted grades in the intrusive and intrusive breccia ore types. The infill program will drill both up and down dip as well as along strike in a 5-spot pattern between the existing holes. The 16 holes totaling 6,700 meters, ranging from 250 to 650 meters depth, will be drilled with the same orientation to maintain consistency with the earlier drilling.The infill drill program will further define the geological structural controls, expand drill density, and provide additional composite metallurgical samples for variability testing. An overall increase in grade could have a significant positive impact on the expected PEA mine grades (NR12-2021) and project economics. Once the assays are received, an updated block model inputting all 21 holes will be the basis for resource estimation and mine planning in the prefeasibility study planned for Q3 2022.2021-22 Proposed PQ Drill ProgramTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/752/100086_140049929469db0e_002full.jpgChange of Corporate Address:Chesapeake also announces that its registered office address has changed to 1166 Alberni Street, Suite 1201, Vancouver BC, V6E 3Z3, Canada. The Company's new phone number is +1 778 731 1362.About ChesapeakeChesapeake Gold Corp. is focused on the discovery, acquisition, and development of major gold-silver deposits in North and South America. Chesapeake's flagship asset is the Metates project (\"Metates\") located in Durango State, Mexico. Metates hosts one of the largest undeveloped gold-silver deposits in the Americas with over 20 million ounces of gold and 550 million ounces of silver.Chesapeake also has developed an organic pipeline of satellite exploration properties strategically located near Metates. In addition, the Company owns 74% of Gunpoint Exploration Ltd....