Episode Details

Interview with Jean-Paul Tsotsos, Interim CEO of Chesapeake Gold Corp.

Our previous interview: https://www.cruxinvestor.com/posts/chesapeake-gold-tsxvckg-breakthrough-tech-new-gold-discovery-4534

Recording date: 29th February 2024

Chesapeake Gold is advancing two major precious metals assets that position the company with significant leverage to rising gold and silver markets.

The flagship Metates project in Durango, Mexico contains a world-class resource of over 19 million ounces of gold and 500 million ounces of silver. A 2021 preliminary economic assessment outlined plans for a large-scale, low-cost open pit operation producing 350,000 ounces of gold and 16 million ounces of silver per year over a 27-year mine life.

Meanwhile, the high-grade Lucy gold project in British Columbia provides near-term exploration upside and potential cash flow. Recent drilling returned intercepts up to 6.19 g/t gold over 24 meters starting from surface. Metallurgical tests achieved excellent 95% cyanide leach recoveries, indicating amenability to simple heap leach processing.

In January 2024, Chesapeake was added to the NASDAQ Global Silver Miners Index, reflecting Metates’ status as one of the largest undeveloped silver deposits globally. Index inclusion significantly expands Chesapeake’s investor base.

With inflation persisting and central banks adopting a less hawkish policy tilt, conditions appear increasingly positive for precious metals following a muted 2022 performance. Chesapeake offers exceptional leverage with two advanced-stage projects in top mining jurisdictions.

View Chesapeake Gold's company profile: https://www.cruxinvestor.com/companies/chesapeake-gold

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