Chesapeake Gold
Primary ticker: TSXV: CKG, OTCQX: CHPGF
Stage of development: Development
Primary minerals: Silver, Gold
Project to promote: Metates Gold and Silver Deposit
Project location: Durango Mexico
Website: www.chesapeakegold.com
Since 1993, Chesapeake’s management team has a successful track record working in the Americas. Its key project is the Metates project in Durango Mexico. With over 19M Oz of Gold and 480M oz of Silver, it is one of the largest undeveloped gold/silver project in the world. With the acquisition of Alderley Gold Corp., Chesapeake is focusing on progressing this world class Metates project towards production as a sulphide heap leach operation.
Cash: CAD$26M
Debt: NIL
Major shareholders:
Eric Sprott
Sun Valley
Konwave
Management Ownership
Financials
Management Profile
Alan Pangbourne has over 35 years of experience in global mining operations and most recently was the President and CEO of Guyana Goldfields Inc. through to its sale to Zijin Mining Group Co., Ltd. in August 2020. Previously, Mr. Pangbourne was Chief Operating Officer of SSR Mining Inc.; Vice President Projects South America for Kinross Gold Corporation; and held increasingly senior roles at BHP Billiton Ltd., including President and Chief Operating Officer of Nickel Americas, Projects Director for BHP’s Uranium Division, which includes the Olympic Dam Expansion, and Project Manager for BHP’s Spence copper project in Chile. He was also General Manager at an engineering company that specialized in gold heap leach & carbon-in-pulp plants. Mr. Pangbourne holds a Bachelor of Applied Science (Extractive Metallurgy) and a Graduate Diploma in Mineral Processing from the Western Australian School of Mines.
What is your rationale for taking part in 121 Mining Investment?
Updated information about the company’s project and looking for market support
What recent news would you like to highlight to investors attending?
February 22, 2023 – Chesapeake Announces Updated Mineral Resource Estimate 15.8% Increase in Gold Grade of Intrusive and Intrusive Breccia Zone
September 13, 2022 – Chesapeake Provides Metallurgical Update for Metates
What are your key goals in 3 months, 6 months, 12 months?
6 Months:
Update Metalurgical test work
12 Months:
Commence PFS
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Showing that the new technology works effectively
What do you think makes your company such a compelling investment?
the size of the asset, low trading price and the size of the prize once we show the technology will truly unlock value.
What are the top 3 key investor takeaways?
Massive deposit
New Technology that will unlock value
low trading price per ounce.