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Chesapeake Announces Preliminary Metallurgical Test Results Demonstrating up to 97% Gold Recoveries at Lucy Project
Vancouver, British Columbia--(Newsfile Corp. - February 13, 2024) - Chesapeake Gold Corp. (TSXV: ...
About this update from Chesapeake Gold Corp.
[{"type":"text","content":"Chesapeake Announces Preliminary Metallurgical Test Results Demonstrating up to 97% Gold Recoveries at Lucy ProjectVancouver, British Columbia--(Newsfile Corp. - February 13, 2024) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (\"Chesapeake\" or the \"Company\") is pleased to announce the initial metallurgical test results with up to 97% gold recoveries in standard bottle roll tests at its Lucy Project (\"Lucy\") located in central Sinaloa, Mexico. Composite materials for the bottle roll tests were collected during the Phase 1 drill program at Lucy, consisting of 8 holes along the identified 500 metre (m) gold-bearing skarn corridor. Jean-Paul Tsotsos, Interim CEO, commented, \"The Lucy discovery continues to shine as an exciting project in Chesapeake's portfolio. These preliminary Lucy metallurgical results outline a simple, conventional processing pathway to gold doré. The next phase of exploration and drilling has commenced on Lucy to better evaluate the footprint and scale of this new discovery.\"Table 1: Preliminary CN Bottle Roll Metallurgical Highlights from the Phase 1 2023 Lucy Drilling Campaign:Composite #Source MaterialLithologyGoldGradeAu g/tSilverGradeAg g/tGoldExtraction at 24hrs Au %SilverExtraction at 24hrs Ag %1LU23-06 0m to 24m)Skarn4.852.1097%74%2LU23-08 (12m to 27m & 36m to 45m)Skarn / Skarn-Hornfels0.993.5791%40%3LU23-12 (27m to 51m)Skarn-Hornfels / Hornfels0.960.6493%69%4LU23-09 (0m to 24m)Skarn / Skarn-Hornfels2.991.0797%70% Overview of the Preliminary Metallurgical WorkFour holes were selected across the Lucy mineralized corridor (Figure 1) for the initial metallurgical test work. Each individual hole was then sampled as a unique composite and sent to the SGS laboratory located in Durango, Mexico for analysis. At the lab, composite head grades were established through triplicate fire assay with AAS finish and a four-acid digestion with ICP finish. The composites were crushed and ground to 80% passing 75µm, and bottle roll tests were undertaken for 72 hours. The results of this initial test work (Table 1) generally support that the mineralization is readily treatable with a standard CN tank leach in a Carbon in Leach (\"CIL\")/Carbon in Pulp (\"CIP\") type process and outlines that up to 97% gold recoveries are achievable at Lucy. Furthermore, a duplicate set of the composites was r...