Chesapeake Gold Corp.: New Positive Scoping Changes Delays Metates Pre-Feasibility Study Into Q3
May 26, 2012
Chesapeake Gold Corp. wishes to report on the current status of the pre-feasibility study of its 100% owned Metates project located in Durango State, Mexico. One of the largest undeveloped gold-silver projects in the Americas, Metates contains a NI43-101 measured and indicated resource of 1.18 billion tonnes at a grade of 0.50 g/t gold and 13.7 g/t silver containing 19.0 million ounces gold and 519 million ounces silver together with 4.2 billion pounds of zinc (see NR2-2012 dated February 16, 2012).
