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Chesapeake Announces Updated Mineral Resource Estimate

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Wed, March 1, 2023 at 1:00 PMendedReplay
Chesapeake Announces Updated Mineral Resource Estimate

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Meeting Overview The meeting was a live summit hosted by Chesapeake Gold, featuring a presentation by CEO Alan Pangborn. The main focus was on the recent updates to the resource model, including significant changes in gold grades and the implications for the project's economics. Key Discussion Points - Overview of recent drilling results and their impact on the resource model. - Explanation of the changes made to the block model, including the introduction of a 0.2 gram per ton shell. - Discussion on the statistical analysis of grade leakage between intrusive and sedimentary packages. - Clarification on the reclassification of resources and the economic viability of lower-grade materials. - Insights from the ongoing BMO conference, including meetings with major shareholders. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] : Monitor feedback from the audience through the upcoming survey. - [Unassigned] : Continue discussions regarding the imp...

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Speaker 1: Hello everyone and welcome to Chesapeake Gold's live summit today. I'm pleased to introduce their president and CEO, Alan Pangborn. Alan's going to be taking us through a little brief talk just over going over some of the most recent news and as a reminder Speaker 1: because we are going to be entering into a Q&A session after this you can submit your questions in the Q&A chat on the right hand side of your screen at any time during today's presentation so please do so. As always this summit is being recorded is going to be available on six.com to watch afterwards. We're gonna be also providing you a chance to submit a survey. So please check out for that Speaker 1: and provide any feedback that you might have. But without further ado, I'd like to pass things over to Alan to kick things off. Speaker 2: Thanks, Cam. Good afternoon, everybody. Speaker 2: I'm here today, as you can see, in a hotel. I'm actually down in Miami at the BMO conference. Speaker 2: So today, I really wanted to talk to you about the most recent press release we put out, which was the update to the resource that I've been talking about for quite a while. Speaker 2: It's really the culmination of the work that we started when we 1st took over. And if you will remember, we drilled 5 holes Speaker 2: and they showed about an 18 to 20% Speaker 2: increase in grade over what the block model said, particularly in the intrusive and intrusive pressure area. And as you know, the next thing we did was we went and drilled another 18. So the 1st 5 was a nice surprise, Speaker 2: great, upside, upside's always good. Speaker 2: The 2nd 18 gave me the same sort of results, Speaker 2: but it actually opened a bit of a can of worms because now you've got 23 holes that show Speaker 2: that there seems ...

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