Chesapeake Gold
Primary ticker: TSXV: CKG, OTCQX: CHPGF
Stage of development: Exploration, Development
Primary minerals: Silver, Gold
Project to promote: Metates Gold and Silver Project & Lucy Gold Project
Project location: Mexico
Website: www.chesapeakegold.com
Chesapeake 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 Project located in Durango State, Mexico. Metates hosts one of the largest undeveloped gold-silver deposits in the Americas with over 16.77 million ounces of gold at 0.57 grams per tonne (g/t) and 423.2 million ounces of silver at 14.3 g/t within 921.2 million tonnes in the Measured and Indicated Mineral Resource category and a further 2.13 million ounces of gold at 0.47 g/t and 59.0 million ounces of silver at 13.2 g/t within 139.5 million tonnes in the Inferred Mineral Resource category. See the technical report titled “Metates Sulphide Heap Leach Project Phase I” dated January 13, 2023, and news release dated February 23, 2023.
Chesapeake has an organic pipeline of satellite exploration properties strategically located near Metates, including the new gold discovery at its Lucy project (see news release dated October 3, 2023). In addition, the Company owns 68% of Gunpoint Exploration Ltd., which owns the Talapoosa gold-silver project in Nevada.
Cash: CAD$20M
Debt: NIL
Major shareholders:
Eric Sprott – 13.1%
Alan Pangbourne – 11.1%
Sun Valley Gold LLC – 10.7%
Randy Reifel – 6.8%
Tidal Investments LLC – 1.4%
Management Ownership- 18.9%
Financials
Management Profile
Jean-Paul Tsotsos- Interim Chief Executive Officer
Jean-Paul Tsotsos has over 15 years of experience in mining corporate development, strategy, capital markets, project evaluations and project development. Mr. Tsotsos was previously a member of the Corporate Development team at Hudbay Minerals. Prior to Hudbay Minerals, Mr. Tsotsos worked at BMO Capital Markets in the Metals and Mining Equity Research Group. Mr. Tsotsos holds an MBA specializing in Natural Resources, Energy, and Environment from the University of Alberta and a Masters of Science and an Honours Bachelor of Science from the University of Toronto.
What is your rationale for taking part in 121 Mining Investment?
To update the market on the project advancements at Metates and the development of our proprietary oxidative leach technology and highlight the recent near-surface high-grade gold discovery at Lucy.
What recent news would you like to highlight to investors attending?
February 13, 2024 – Chesapeake Announces Preliminary Metallurgical Test Results Demonstrating Up To 97% Gold Recoveries At Lucy Project
January 31, 2024 – Chesapeake Gold Added To The Nasdaq Metals Focus Silver Miners Index
October 3, 2023 – Chesapeake Reports A New Gold Discovery At Lucy Project Drilling Returned 6.1 G/T Gold Over 24 Metres From Surface
September 6, 2023 – Chesapeake Announces Metallurgical Testwork Update
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Provide updates on exploration activities at the Lucy project and the proprietary metallurgical test work
6 Months:
Continue to advance Lucy’s exploration and metallurgical testwork, and commence PFS.
12 Months:
Complete PFS.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
To increase the awareness of the new Chesapeake Gold story, and highlight the value of the large deposit with ounces in the ground, a novel technology and the recent Lucy discovery.
What do you think makes your company such a compelling investment?
We have 3 exciting assets and a compelling story within Chesapeake Gold: (1) Metates is one of the largest precious metal deposits globally, (2) proprietary technology that has the potential to unlock the economics at Metates and may have applications on other refractory deposits globally, and (3) the recent Lucy near-surface high-grade gold discovery is another standalone opportunity to create value.
What are the top 3 key investor takeaways?
Metates is one of the largest precious metals deposits
A new technology that will unlocks value for precious metal deposits
Lucy a standalone new near-surface high-grade gold discover