Published: Tue, April 18, 2017
World | By Tasha Manning

The treasure chest of Chesapeake Gold

The treasure chest of Chesapeake Gold

We have sometimes referred to Chesapeake Gold Corp. (TSXV: CKG | OTCQX: CHPGF) as a treasure chest but what kind of a chest has only one gem in it? It could be interpreted that the polymetallic nature of Metates gives it the right to be referred to the multiple gems but in this case we prefer to regard the string of other properties that Chesapeake owns in the general vicinity as the other treasures in its chest. Ultimately a deal may be made on the Metates project (rather than a takeover of the whole company) in which case then the "other" jewels in the chest will rise to prominence as the company's main focus of attention.

The ultimate outcome of Metates has become somewhat of a game to see which suitor will jump first (and when) so the company has rightly turned its attention in recent times to the other plays that it has in the region where some work has been

Granulomas and Hematoma
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To put the true extent of Chesapeake into perspective, its regional land position totals more Than 85,000 hectares. Its four "other" projects are strategically located along a prolifically mineralized corridor that parallels the Pacific coast and lies along the western margin of the Sierra Madre Occidental.

A Closer Look

mining zone with old mines from colonial days and starting to crystallise the concept of a mining camp with the pole of attraction being the El Paso plant associated With the Metates property. Management have stated that "A greenfield discovery at Yarely or El Paso would have the strategic advantage of capitalizing on any future development of the process plant and infrastructure for Metates."

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