Chesapeake Gold Announces Resignation of Board Member
Rhea-AI Summary
Chesapeake Gold Corp (OTCQX: CHPGF) announced the immediate resignation of Alan Pangbourne from its Board of Directors. Mr. Pangbourne is stepping down to pursue other opportunities. The company, which operates the Metates and Lucy Projects and develops proprietary oxidative leach technology, expressed gratitude for Mr. Pangbourne's services and wished him well in his future endeavors.
Positive
- None.
Negative
- Departure of a board member could create temporary leadership gap
- Sudden resignation might raise concerns about company direction
News Market Reaction
On the day this news was published, CHPGF declined 5.28%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2025) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") announces that Alan Pangbourne has stepped down as a director of Chesapeake, effective immediately, to pursue other opportunities. We wish to thank Mr. Pangbourne for his services and wish him the best in his future endeavours.
For Further Information:
For more information on Chesapeake, its Metates and Lucy Projects or proprietary oxidative leach technology, please visit our website at www.chesapeakegold.com or contact Jean-Paul Tsotsos at invest@chesapeakegold.com or +1 778 731 1362.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
About Chesapeake
Chesapeake Gold Corp's flagship asset is the Metates Project ("Metates") located in Durango State, Mexico. Metates hosts one of the largest undeveloped gold-silver deposits in the Americas1 with over 16.77 million ounces of gold at 0.57 grams per tonne (g/t) and 423.2 million ounces of silver at 14.3 g/t within 921.2 million tonnes in the Measured and Indicated Mineral Resource category and a further 2.13 million ounces of gold at 0.47 g/t and 59.0 million ounces of silver at 13.2 g/t within 139.5 million tonnes in the Inferred Mineral Resource category. See the technical report titled "Metates Sulphide Heap Leach Project Phase I" dated January 13, 2023, and news release dated February 22, 2023.
1 Mexico's biggest undeveloped gold deposits. Bnamericas. Published Tuesday, November 24, 2020.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250909
FAQ
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