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Chesapeake Gold Corp V.CKG

Alternate Symbol(s):  CHPGF

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.


TSXV:CKG - Post by User

Post by MaterialsManon Jan 17, 2023 2:03pm
250 Views
Post# 35228625

Could be a sweet deal.

Could be a sweet deal.After doing a little research, I discovered some interesting facts regarding the Newcrest Option agreement. Suffice to say, what is happening could substantially increase the SP of GUN. In fact, I cannot imagine that, if the option deal goes down, Newcrest would leave Talapoosa behind. The obvious thing to do would be to take out GUN lock, stock, and barrel. This would fill up CKG's coffers big time. What they would do with the money would be anybody's guess. CKG could conceivably fund the mine at Metates without dilution. Just something to consider.
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