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Chesapeake Updates Exploration at Metates Regional Prospects
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2020) - Chesapeake Gold Corp. (TS...
About this update from Chesapeake Gold Corp.
[{"type":"text","content":"Chesapeake Updates Exploration at Metates Regional ProspectsVancouver, British Columbia--(Newsfile Corp. - February 28, 2020) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (\"Chesapeake\" or the \"Company\") is pleased to provide a further update on the exploration program at its Crisy and San Javier prospects in Durango State, Mexico. Crisy and San Javier are located 15 kilometers south and 12 kilometers southeast, respectively, of Chesapeake's world-class Metates Project. Metates hosts one of the largest undeveloped gold, silver and zinc reserves in the world. Crisy and San Javier were discovered in 2019 during a generative regional exploration program. The area covering both prospects contains several zones of gold-silver mineralization which have developed along regional, deep-seated northwest-trending fault zones. Mineralization is associated with intermediate intrusive rocks that have altered the enclosing sedimentary rocks over an area more than 15 kilometers in diameter.Crisy ProspectSince early January, Chesapeake has completed four additional bulldozer trenches totaling 350 meters in length at Crisy. The new trenches were excavated to the southeast of the previously reported trenches (see CKG NR6-2019) and confirm that mineralization extends 300 meters further along strike and beyond. Bulldozer trenching has defined a mineralized area that extends across a ridgeline and measures 600 meters along strike, up to 200 meters in width and at least 150 meters vertically along the predominant northwest-southeast trend. Channel samples across quartz breccia veins from the new bulldozer trenches returned the following results:57 meters of 1.1 g/t gold and 10 g/t silver11 meters of 1.0 g/t gold and 10 g/t silver12 meters of 1.1 g/t gold and 33 g/t silver 7 meters of 2.2 g/t gold and 29 g/t silverAn initial 15 kilometer Induced Polarization and Resistivity Survey (\"IP Survey\") is underway at Crisy over the area of the bulldozer trenches and covers a further 500 meters to the southeast. Preliminary IP results correlate well with the known gold-silver mineralized zones identified by trenching and suggest the outcropping quartz breccia zones extend to over 200 meters depth. The geophysics also indicates the IP anomaly continues along strike to the southeast limit of the survey grid and remains open. The IP Survey also def...