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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 21, 2023 6:34am
381 Views
Post# 35237115

Speculation on Newcrest/Gun deal

Speculation on Newcrest/Gun dealI realize that this is a speculative situation, but what isn't when it comes to low priced stocks. The broker I use always sends me a letter suggesting caution In regards to this type of investment. In spite of some criticism, RR has been pretty successful overall. With Metates, he kind of ran into a brick wall, but who knows whether that story is over? When Glamis got taken out by Newmont, Randy ended up on the Newmont board for some number of years. I believe that  Newcrest was spun out or somehow detached into a stand alone publicly traded company from Newmont. It is my suspition that the connections RR developed at the time may have resulted in familiarity with the Newcrest operation and higher ups. Plus, a lot of mining companies are setting up shop in Nevada. This may be Newcrest's foray into that arena. CKG has a lot of skin into GUN and it could turn out to be very  profitable all around. It is pretty certain that Randy also still has a big chunk of CKG and a lot of influence there.

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