Chesapeake Gold Announces 2021 Work Program Appointment of Carl Edmunds as Special Advisor
Chesapeake Gold Announces 2021 Work
Program Appointment of Carl Edmunds as
Special Advisor
Vancouver, British Columbia--(Newsfile Corp. - February 24, 2021) - Chesapeake Gold Corp. (TSXV:
CKG) (OTCQX: CHPGF) ("
Chesapeake
" or the "
Company
") announces that the Board of Directors
have approved a 2021 work program for the Metates project in Durango, Mexico. The Company is also
pleased to welcome Carl Edmunds as Special Advisor - Geology and Exploration, effective immediately
to assist with key elements of the 2021 work program.
2021 Work Program Includes:
Bulk Drilling Program: Chesapeake plans to drill approximately 2,500m to recover 10 tonnes of
large diameter core (PQ) for metallurgical testwork that will focus on the new heap leach option.
The permit application has been submitted to the local authorities and the drilling contractor
expects to mobilize in March.
Metallurgical Testwork: Approximately 40 test columns will be conducted in the first phase of the
testwork program to determine the impacts of size, regent strengths, and ore types to determine
the optimum oxidation and precious metal leaching parameters. The testwork will be performed in
Vancouver.
Updated PFS: In parallel to the work above, M3 Engineering & Technology Corp. has been hired
to update the previous PFS and add a scoping study for the sulphide heap leach to demonstrate
the potential upside of this option.
Chesapeake's CEO, Mr. Alan Pangbourne, commented, "Our 2021 work plan is the first step forward in
Chesapeake's goal to unlock significant value for our shareholder's by progressing the Metates project
forward as a scalable sulphide heap leach operation. We look forward to releasing key information
related to the drilling program and testwork progress throughout the year."
Appointment of Carl Edmunds:
Carl Edmunds has over 30 years experience in the global mining industry and was most recently the
Chief Geologist and VP Exploration at SSR Mining for over 8 years, prior to its US$5bn merger with
Alacer Gold in September 2020. Prior to SSR, Mr. Edmunds was Chief Geologist at AuRico Gold and
its predecessor, Northgate Minerals, and also had increasingly senior roles with Homestake Mining
earlier in his career. Mr. Edmunds holds at Masters in Science in Mineral Exploration from Queen's
University and a Bachelors in Geology from the University of Edinburgh.
"It is also my pleasure to introduce and welcome Carl to the Chesapeake team. In my years spent in this
industry, Carl is amongst the best geologists I've had the pleasure of working alongside and his
experience and acumen will be a great compliment to Chesapeake as we continue to build out our team
to advance the Metates project towards production in the coming years," commented Alan Pangbourne.
About Chesapeake
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 ("Metates")
located in Durango State, Mexico. Metates hosts one of the largest undeveloped gold-silver-zinc
deposits in the Americas with over 18 million ounces of gold and 500 million ounces of silver.
Chesapeake also has developed an organic pipeline of satellite exploration properties strategically
located near Metates. In addition, the Company owns 74% of Gunpoint Exploration Ltd. ("Gunpoint")
which owns the Talapoosa gold project in Nevada.
For Further Information:
For more information on Chesapeake and its Metates Project, please visit our website at
www.chesapeakegold.com
or contact Randy Reifel at
or Alan Pangbourne at
.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
news release.
Forward-looking Statements
This news release contains "forward-looking information". Forward-looking statements are based on the
opinions and estimates of management as of the date such statements are made and are based on
various assumptions.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company to be materially different from
any future results, performance or achievements expressed or implied by the forward-looking
statements. Such factors include, among others, the successful integration of the Alderley transaction,
the successful application of the Technology to the Metates project, general business, economic,
competitive, political and social uncertainties; the actual results of exploration activities; changes in
project parameters as plans continue to be refined; accidents, labour disputes and other risks of the
mining industry, and political instability. Although the Company has attempted to identify important
factors that could cause actual actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause actions, events or results to differ from
those anticipated, estimated or intended. Forward-looking statements contained herein are made as of
the date of this news release and the Company disclaims any obligation to update any forward-looking
statements, whether as a result of new information, future events or results, except as may be required by
applicable securities laws. There can be no assurance that forward-looking statements will prove to be
accurate as actual results and future events could differ materially from those anticipated in such
statements.
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https://www.newsfilecorp.com/release/75310