Chesapeake Gold Corp V.CKG

Alternate Symbol(s): CHPGF

Metals & Mining Industrial Metals & Minerals

Chesapeake Gold Corp. is a Canada-based mineral exploration and evaluation company focusing on the acquisition, evaluation and development of major gold-silver deposits in North and Central America. The Company’s flagship asset is the Metates Project (Metates) located in Durango State, Mexico. Metates is 100% owned by the Company and is located about 175 kilometers (km) northeast of Mazatlan in Durango state and is an undeveloped disseminated gold and silver deposit in the world. The Metates property is composed of 12 contiguous concessions totaling about 4,261 hectares (ha) in area. The Company also has a portfolio of exploration properties in Mexico comprising approximately 115,484 ha in the states of Durango, Oaxaca and Veracruz. Its Lucy project comprises about 483 ha and is five kilometers (km) from a paved highway. Its Talapoosa gold project is a low-sulphidation gold/silver property in the Walker Lane gold trend of western Nevada, approximately 45 km east of Reno.

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Chesapeake Gold Corp

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Post by ja_prufrockon Dec 11, 2013 4:56pm

388 Views

Post# 21996419

A word on low grade

Fe++ et al,

If memory serves correctly, I looked at NEM's reserves several years ago that were in the 92MM oz range, but a very large percentage was in the 0.3 - 0.6 g/ton range. NEM has been successful @ this range, but they usually want >than 5mm oz. for it to be worth the effort .

Also, below find an article from IAM Gold which aptly applies here. Ironically, IAM Gold was a prevous owner of the Metates project. High grade is always desireable, but it is an elusive and diminishing objective.

Regards,

JA

Iamgold CEO committed to low-gradegold | Reuters

www.reuters.com/article/2013/10/02/mining-denver-iamgold-idUSL1N0...

Oct 02, 2013 · Oct 2 (Reuters) - Stephen Letwin is a man of conviction. The chief executive of mid-tier gold miner Iamgold Corp believes low-gradedeposits are the …