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Chesapeake Expands Footprint of Emerging Gold-Silver Camp near Metates Significant Mechanized Trench Results Returned from Crisy Discovery
Vancouver, British Columbia--(Newsfile Corp. - October 10, 2019) - Chesapeake Gold Corp (TSXV:...
About this update from Chesapeake Gold Corp.
[{"type":"text","content":"Chesapeake Expands Footprint of Emerging Gold-Silver Camp near Metates Significant Mechanized Trench Results Returned from Crisy DiscoveryVancouver, British Columbia--(Newsfile Corp. - October 10, 2019) - Chesapeake Gold Corp (TSXV: CKG) (OTCQX: CHPGF) (\"Chesapeake\" or the \"Company\") is pleased to provide updated results from its on-going regional exploration program near its world class Metates Project in Durango State, Mexico. Metates hosts one of the largest undeveloped gold, silver and zinc reserves in the world. Three significant gold-silver prospects, Crisy, San Javier and Cerro Pelon, continue to demonstrate district scale potential within different regional structural settings associated with intermediate composition intrusive rocks. Chesapeake has assembled a 10,000 hectare land package covering these three prospects.EXPLORATION HIGHLIGHTSBulldozer trench samples across multiple mineralized zones at Crisy returned strong results including 43 metres of 1.4 g/t gold, 75 g/t silver and 24 metres of 2.4 g/t gold, 80 g/t silverGenerative exploration at San Javier defined a new area of epithermal veins where channel samples returned 12 metres of 1.6 g/t gold, 25 g/t silver, 1.6 metres of 8.3 g/t gold and 1,972 g/t silver, along with other significant resultsA second northwest trending quartz breccia zone was discovered at Cerro Pelon which yielded channel samples of 3.0 metres of 33 g/t gold and 10 metres of 3.4 g/t goldP. Randy Reifel, President, stated, \"Regional exploration continues to discover significant gold-silver hydrothermal mineralization in this highly prospective region surrounding Metates. We are developing an impressive organic pipeline of satellite projects that are strategically located to capitalize on the potential future world class mining complex and supporting infrastructure at Metates.\" CRISY Crisy is a new grassroots discovery made in 2019 located 15 kilometres south of Metates. Detailed mapping, sampling and trenching extended the strike length of the northwest trending mineralized system from 2 kilometres (see CKG NR1-2019) to over 6 kilometres with at least 400 metres of vertical extent. Numerous en echelon sulfide-bearing quartz breccias, veins and silicified stockwork zones with disseminated gold-silver mineralization are hosted within fine-grained sandstone and mudstone broadly associated w...