Chesapeake Provides Corporate Update and 2022 Technical Milestones
Vancouver, British Columbia--(Newsfile Corp. - December 16, 2021) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to provide a corporate update on its world class, Metates gold-silver project located in Durango State, Mexico, together with planned technical work and objectives in 2022.Alan Pangbourne, CEO, commented, "2021 was a transformational year for Chesapeake with new management members and technical team focused on testing a sulfide heap leach technology that could significantly improve Metates' project economics...
2021-12-16 8:00 AM EST
Chesapeake Announces Infill Drilling Program at Metates
Vancouver, 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...
2021-10-19 9:00 AM EDT
Chesapeake Files PEA Technical Report and Provides Metates Update
Vancouver, British Columbia--(Newsfile Corp. - August 30, 2021) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to announce that it has filed a National Instrument 43-101 ("NI 43-101") Technical Report titled "Metates Sulphide Heap Leach Project - Phase 1" with an effective date of August 30, 2021 (the "Technical Report"). The Technical Report is available for review on SEDAR (www.sedar.com) and the Company's website (www.chesapeakegold.com).Project Update:The Company has shipped the selected drill core samples...
2021-08-30 8:30 AM EDT
Chesapeake Announces Strong PEA Results for Phase 1 Heap Leach Mine at Metates with Pre-Tax NPV of US$1.1 Billion (C$1.4 Billion) and 35% IRR
Vancouver, British Columbia--(Newsfile Corp. - July 26, 2021) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to report the positive results of the Preliminary Economic Assessment ("PEA") for the Phase 1 mine plan ("Phase 1") of the Metates gold-silver project in Durango, Mexico. Phase 1 evaluates the initial development of Metates as a low cost, scalable heap-leach operation. The PEA demonstrates robust project economics with optionality for expansion into a significantly larger operation. The...
2021-07-26 8:30 AM EDT
Chesapeake Releases Results from Metates Drill Program; Highlights Include 432 Metres of 1.80 G/t and 282 Metres of 1.53 G/t, Gold-Silver Equivalent
Vancouver, British Columbia--(Newsfile Corp. - June 28, 2021) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to announce the results from the five large diameter (PQ or 88 mm) core drill holes completed at its flagship Metates project in Durango, Mexico. The drill program was undertaken to provide new core intercepts for a comprehensive metallurgical testwork program and to confirm the higher-grade nature of the Metates intrusive hosted mineralization. Alan Pangbourne, CEO, states:...
2021-06-28 8:45 AM EDT
Chesapeake Announces Stock Option Grant
Vancouver, British Columbia--(Newsfile Corp. - May 31, 2021) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") announces the Board of Directors have granted 73,500 incentive stock options ("Options") to Erick Underwood at an exercise price of $4.37 per share for a term of 5 years. The Options will vest and be exercisable on the basis of 25% annually, commencing May 31, 2022, the first anniversary of the date of the grant.About ChesapeakeChesapeake Gold Corp. is...
2021-05-31 8:00 AM EDT
Chesapeake Announces Appointment of Chief Financial Officer
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2021) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to announce the appointment of Erick Underwood as Chief Financial Officer ("CFO") to its senior management team.Mr. Underwood brings over 25 years of international experience in accounting, financial management and corporate development in the mining industry including 14 years while being based in Chile and Peru. Most recently, Erick was the Finance Director at Cia. Minera Zafranal SA...
2021-05-27 5:00 PM EDT
Chesapeake Gold Completes Bulk Drilling Program and Provides Update on 2021 Work Program
Vancouver, British Columbia--(Newsfile Corp. - May 25, 2021) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to announce that it has completed the previously announced diamond drilling program on its 100%-owned Metates project in Mexico (NR4-2021). The Company drilled approximately 2,500 metres of large diameter (PQ) core providing 10 tonnes of material (the "Samples") for metallurgical test work that will focus on the new heap leach processing route.The Samples are being sent to ALS...
2021-05-25 5:00 PM EDT
Chesapeake Gold Announces Results from the Annual General Meeting
Vancouver, British Columbia--(Newsfile Corp. - May 20, 2021) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to announce that at the 2021 Annual General Meeting ("AGM") held on May 18, 2021 in Vancouver, British Columbia, Chesapeake's shareholders voted in favour of all items of business. All seven director nominees were elected.A total of 40,289,078 common shares were represented at the AGM, being 59.81% of the Company's issued and outstanding common shares. The following is a tabulation...
2021-05-20 5:20 PM EDT
Chesapeake Gold Announces Director Resignation
Vancouver, British Columbia--(Newsfile Corp. - March 23, 2021) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") announces that Derek Green is stepping down as a Director of the Company for personal reasons effective immediately. The Company thanks Mr. Green for his contribution and wishes him well in his future endeavours.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...
2021-03-23 10:31 PM EDT
Gunpoint Completes Sale of Mexican La Gitana and Pena Blanca Properties
Vancouver, British Columbia--(Newsfile Corp. - March 22, 2021) - Gunpoint Exploration Ltd. (TSXV: GUN) ("Gunpoint" or the "Company") is pleased to announce that the TSX Venture Exchange has approved the sale of the La Gitana and Pena Blanca properties ("Properties") in Oaxaca State, Mexico to Inomin Mines Inc. (TSXV: MINE) ("Inomin").Inomin is acquiring a 100% interest in the Properties from Gunpoint for consideration of a $25,000 cash payment and issuing 1.0 million common shares of Inomin to the Company. Gunpoint...
2021-03-22 3:28 PM EDT
Chesapeake Gold Mobilizes Drill Program at Metates Project
Vancouver, British Columbia--(Newsfile Corp. - March 16, 2021) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company"), is pleased to announce that it has received the final permits from the local authorities to commence a bulk drilling program at the Metates gold-silver project located in Durango State, Mexico. Chesapeake plans to drill approximately 2,500 meters to recover 10 tonnes of large diameter core (PQ) to undertake metallurgical testwork in support of a potential sulphide heap leach mine...
2021-03-16 9:00 AM EDT
Chesapeake Gold Announces 2021 Work Program Appointment of Carl Edmunds as Special Advisor
Vancouver, British Columbia--(Newsfile Corp. - February 24, 2021) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") announces that the Board of Directors have approved a 2021 work program for the Metates project in Durango, Mexico. The Company is also pleased to welcome Carl Edmunds as Special Advisor - Geology and Exploration, effective immediately to assist with key elements of the 2021 work program.2021 Work Program Includes:Bulk Drilling Program: Chesapeake plans to drill approximately 2,500m to recover...
2021-02-24 9:00 AM EST
Chesapeake Gold Upcoming Investor Conference Participation
Vancouver, British Columbia--(Newsfile Corp. - February 16, 2021) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to announce that in response to market interest, the new management team will attend the following investor conferences in March 2021 and looks forward to connecting with both existing and future shareholders. Upcoming Conference Attendance:BMO Capital Markets 30th Global Metals & Mining Conference. Alan Pangbourne, CEO, will be presenting on Thursday, March 4, 2021 at 11:00 a.m. ET....
2021-02-16 9:00 AM EST
Chesapeake Gold Completes Acquisition of Alderley Gold Corp. Appointments of Directors and Officers
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2021) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to announce that it has completed the acquisition of Alderley Gold Corp. ("Alderley"), a private British Columbia mining technology company on the terms as previously announced by news release on December 10, 2020. With the acquisition of Alderley, Chesapeake gains access to an innovative precious metals oxidation processing technology (the "Technology") together with certain asset rights and...
2021-01-20 8:30 AM EST
Chesapeake Gold Announces Acquisition of Alderley Gold Corp. Creating a Platform for Future Growth and Mining Innovation; Alan Pangbourne to Be Appointed Chief Executive Officer
Vancouver, British Columbia--(Newsfile Corp. - December 10, 2020) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company"), is pleased to announce that it has entered into a definitive agreement on December 9, 2020 (the "Agreement") to acquire Alderley Gold Corp. ("Alderley"), a private British Columbia mining technology company. With the acquisition of Alderley, Chesapeake gains access to a proven and innovative precious metals processing technology (the "Technology") together with certain asset rights and proprietary databases, creating the...
2020-12-10 3:33 PM EST
Chesapeake Gold Closes $20 Million Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - August 19, 2020) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to announce the closing of its previously announced non-brokered private placement of 4,000,000 common shares ("Common Shares") at a price of $5.00 per Common Share for gross proceeds to the Company of $20,000,000 (the "Private Placement").Mr. Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired 2,500,000 Common Shares under the Private Placement...
2020-08-19 1:50 PM EDT
Chesapeake Gold Arranges $20 Million Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - August 4, 2020) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company"), is pleased to announce that it has arranged a non-brokered private placement of 4,000,000 common shares ("Common Shares") at a price of $5.00 per share for gross proceeds of $20,000,000 (the "Private Placement"). Of that amount, $15,000,000 is being placed with Eric Sprott's company, 2176423 Ontario Ltd., a large shareholder of Chesapeake holding 11.8% of the current issued and outstanding...
2020-08-04 12:01 PM EDT
Chesapeake Grants Incentive Stock Options
Vancouver, British Columbia--(Newsfile Corp. - May 15, 2020) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") announces that pursuant to its Stock Option Plan, the Board of Directors has granted incentive stock options ("Options") to Mr. Chris Falck for the purchase of 400,000 common shares at an exercise price of $3.15 per share. Mr. Falck was appointed to the Company's Board of Directors at the Annual General Meeting held December 18, 2019. The Options are exercisable...
2020-05-15 9:00 AM EDT
Chesapeake Options Gold-Silver Project near Tayoltita, Mexico
Vancouver, British Columbia--(Newsfile Corp. - March 3, 2020) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to announce an option to acquire a 100% interest in the El Duraznito gold-silver project ("El Duraznito") located near the town of Tayoltita in Durango State, Mexico. Regional reconnaissance identified El Duraznito and follow up grassroots exploration generated impressive results. El Duraznito is located about 18 kilometers east of First Majestic Silver Corp.'s San Dimas Mine ("San...
2020-03-03 9:00 AM EST