Chesapeake Gold Corp. reports developments tied to mineral exploration, project ownership, mining technology and public-company governance. The company's flagship asset is the Metates Project in Durango State, Mexico, an undeveloped gold-silver deposit, and its updates also reference the Lucy Projects and proprietary oxidative leach technology for sulphide ores.
Recurring news includes patent activity for Chesapeake's heap oxidation technology, stock option grants under its compensation plan, management changes, mining-industry membership, market-activity responses and completed portfolio actions such as the sale of the Tatatila gold-copper project in Veracruz, Mexico.
Chesapeake Gold (CHPGF) has begun a fully funded 5,000-metre drilling program at its Lucy gold project in Sinaloa, Mexico. Surface sampling expanded the prospective mineralized footprint from a 700-metre Discovery corridor to 2,000 metres, identifying two distinct corridors whose connection remains undetermined.
The program allocates approximately 2,000 metres to Discovery, with drilling designed to support a first mineral resource estimate, and another 3,000 metres to new targets. These include the Central Zone and geophysical anomalies at Discovery and Western, testing a possible porphyry source for mineralization. Central Corridor trench and channel sampling returned 17.5 metres grading 0.87 grams per tonne gold, with silver, copper and zinc also reported. Discovery trenching returned 40.5 metres grading 0.22 grams per tonne gold. The company expects first drilling assays in Q1 2027, with results released in batches as received.
Chesapeake Gold (CHPGF) reported Phase III test results for its proprietary heap oxidation technology at the Metates project in Durango, Mexico.
New procedures in the Phase III variability program cut the oxidation phase for the Massive Intrusive domain to 90 days while achieving 70% gold and 61% silver recoveries, broadly similar to Phase II but in about one‑third of the time, and with gold recoveries up and silver recoveries about doubled versus Phase I. In the Intrusive Breccia domain, Phase III procedures lifted recoveries to 57% gold and 60% silver over 180 days, nearly doubling precious‑metal recoveries versus Phase I.
HPGR crushing followed by direct cyanidation increased gold and silver recoveries by 16% and 23% to 47% and 65%, respectively, suggesting higher baseline recoveries before heap oxidation. Silver recovery improvements from roughly 50–55% in Phase II to about 60% in Phase III and 65% in HPGR tests could materially benefit a resource containing over 400 million ounces of silver. Large‑diameter and long‑residence columns are in validation, and results are expected to feed into a planned prefeasibility study, whose timing depends on successful recovery of the San Vicente 3 concession. Six third‑party projects are now participating in testwork as the company advances commercialization of the Technology.
Chesapeake Gold (TSXV: CKG, OTCQX: CHPGF) granted stock options to purchase an aggregate of 227,000 common shares at an exercise price of C$2.95 per share. The options have a five-year term expiring July 31, 2031 and were granted to company officers.
The options vest 25% annually starting July 31, 2027, one year after the grant date. Chesapeake highlights its Metates Project in Durango, Mexico, which hosts 16.77 million ounces of gold and 423.2 million ounces of silver in Measured and Indicated resources, plus additional Inferred resources.
Chesapeake Gold (OTCQX: CHPGF) granted stock options to directors and a consultant to purchase an aggregate of 2,200,000 common shares at an exercise price of C$3.40 per share. The options have a five-year term expiring May 7, 2031 and vest 25% annually beginning May 7, 2027.
Options were granted under the company stock option plan; contact information is provided for investor inquiries.
Chesapeake Gold (OTCQX: CHPGF, TSXV: CKG) joined The Mining Association of Canada (MAC) on April 29, 2026, committing to participate in MAC initiatives including the Towards Sustainable Mining (TSM) program to support environmental stewardship and industry collaboration.
Management update: Jean-Paul Tsotsos was appointed CEO and stepped down as Vice President, Investor Relations & Corporate Development effective April 28, 2026. Contact and project information available on the company website.
Chesapeake Gold (OTCQX: CHPGF) announced it received U.S. Patent No. 12,595,529 on April 23, 2026 for a proprietary method to enhance metal recovery from sulphide ores using its heap oxidation technology.
The company says the patent strengthens its intellectual property portfolio, which includes issued and pending patents across the U.S., Canada, Latin America, Australia, Brazil, Chile, Mexico, Peru and Africa, and supports its strategy to extract value from refractory sulphide gold and silver projects.
Chesapeake Gold (OTCQX: CHPGF) was named to the 2026 TSX Venture 50 list after a 388% share price appreciation and 415% market capitalization growth in 2025. The TSX Venture 50 ranks the top 51 of 1,600+ issuers using price appreciation, market-cap growth, and trading value.
The TSX Venture 50 group delivered an average 431% share-price gain in 2025, and combined market capitalization rose to $21.5 billion. Chesapeake says it is fully funded for 2026 and will continue advancing its Metates project and proprietary oxidative leach technology.
Chesapeake Gold (OTCQX: CHPGF; TSXV: CKG) granted 100,000 stock options to Rajesh Vyas in connection with his appointment as Chief Financial Officer announced January 2, 2026. The options have an exercise price of C$4.24 and a five-year term expiring January 5, 2031.
Vesting is on a 25% annual schedule starting January 5, 2027, the first anniversary of the grant. Contact details for investor inquiries and project information are provided on the company website.
Chesapeake (OTCQX: CHPGF) announced executive leadership changes effective January 1, 2026.
Jean-Paul Tsotsos was appointed permanent Chief Executive Officer, after serving as Interim CEO since November 1, 2023. Rajesh Vyas was appointed Chief Financial Officer and Corporate Secretary; he has over 25 years of mining finance experience and professional accounting credentials. Navin Sandhu stepped down as Interim Chief Financial Officer and Bernard Poznanski stepped down as Corporate Secretary, both effective December 31, 2025.
Contact information and links for further investor inquiries were provided.
Chesapeake Gold Corp (OTCQX: CHPGF) announced on December 22, 2025 that, at the request of CIRO, management has confirmed it is unaware of any material change in the company’s operations that would explain recent increased market activity.
The company referenced its Metates and Lucy projects and its proprietary oxidative leach technology, and provided investor contact details for further information.