Mr. Belluz has over 35 years of experience in operations, exploration, geology and technical evaluations of both underground and open pit mines. Most recently, Mr. Belluz was Operations Manager & Acting General Manager for Nevsun Resource’s Bisha mine, which was acquired for $1.8 billion by Zijin Mining Group Co.
“More important than the improved results we show this quarter over the previous quarter, is the continuity of the operational excellence programs which were implemented over a year ago that have resulted in better control and optimization of costs in all areas of the operations, together with the reduction in management salaries” states Salvador Garcia, Chief Operating Officer of the Company.
Chesapeake Gold Corp. is pleased to announce that in response to market interest, the new management team will attend the following investor conferences in March 2021 and looks forward to connecting with both existing and future shareholders.
“The continued material expansion of the Buena Suerte Gold Zone and the positive drilling results at El Rincón and the newly identified Bellotoso zone not only brings us closer to our goal of developing a major bulk-tonnage, oxide gold resource to support both the conceptual 20,000 tonnes per day target capacity being addressed by our planned preliminary economic assessment, but also the potential for gold production growth in the years to come.”
“So far, all the drilling in the Palos Verdes vein has been very shallow and these new results, combined with older data, reveal the sort of variability of width and grade that we expect to see in the very top of veins in this district. This supports our interpretation that we are well above any coherent Bonanza-grade zones in the system and we are very eager to trace the Palos Verdes vein to greater depths and along strike,” said Dr. Craig Gibson, President and CEO of the Company.
“We are excited to commence the 2021 drill campaign at the Avino property with a 12,000 metre program. After a period of compiling data, we are now ready to drill the first phase of promising targets that we believe will help us expand the mineralized footprint at Avino”
Weather conditions in the southwest United States have affected natural gas production and transport, leading to record high natural gas prices since Friday, February 12th, with unit costs increasing from US$3.00 to over US$300 per mmBtu.
“In addition to the positive results at the Santa Elena mine we continue to meet with potential partners. This week I will be meeting with multiple companies concerning their interest in both the Santa Elena mine and our Mabel property. In addition, there are ongoing discussions with companies concerning Mexus’ copper property in the Sonora State of Mexico. I’m very pleased with the progress at the Santa Elena mine and by the interest that Mexus is garnering,” added Mexus CEO Paul Thompson.
Prospector’s new interactive map provides subscribers a user-friendly way to explore properties in Mexico by geography, commodity, proximity to infrastructure and known mines – and also to see whether those properties fall under an existing concession. The tool offers subscribers a predictive analytics tool called the “Prospector Target” map that compares areas of potential interest against 80 mineral deposit models and tells the user how closely that area matches known mineral deposit models.
“While ore continued to be processed through the third party Aldama plant over the recent quarter, limited availability of the plant meant that not all ore that was mined was able to be processed which has resulted in a short term working capital shortfall. However, the value of stockpile inventories continued to increase during the fourth quarter of 2020 and into January 2021.”
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