Chesapeake Gold Extends Community Exploration Agreement at Metates
Chesapeake Gold (OTCQX: CHPGF) announced a second extension of its exploration agreement with the Community of San Juan de Camarones for the Metates property, extending the term an additional five years to October 2030.
The company said proprietary sulphide leach testwork is on schedule and progressing, with environmental and baseline studies underway to support a prefeasibility study (PFS) in 2026. Management emphasized a long-standing relationship with the Community and continued collaboration on a development plan and social benefits for the region.
Chesapeake Gold (OTCQX: CHPGF) ha annunciato una seconda estensione del suo accordo di esplorazione con la Comunità di San Juan de Camarones per la proprietà Metates, estendendo il termine di ulteriori cinque anni fino al ottobre 2030.
L'azienda ha dichiarato che i test proprietari di lixiviazione dei solfuri sono in programma e in progresso, con studi ambientali e di base in corso per supportare uno studio di prefeasibilità (PFS) nel 2026. La direzione ha sottolineato una relazione di lunga data con la Comunità e una continua collaborazione su un piano di sviluppo e benefici sociali per la regione.
Chesapeake Gold (OTCQX: CHPGF) anunció una segunda extensión de su acuerdo de exploración con la Comunidad de San Juan de Camarones para la propiedad Metates, extendiendo el plazo otros cinco años hasta octubre de 2030.
La empresa indicó que las pruebas de lixiviación de sulfuros propietarias están en cronograma y progresando, con estudios ambientales y de línea de base en curso para respaldar un estudio de prefactibilidad (PFS) en 2026. La dirección subrayó una relación de larga data con la Comunidad y la colaboración continua en un plan de desarrollo y beneficios sociales para la región.
Chesapeake Gold (OTCQX: CHPGF)는 Metates 자산에 대한 San Juan de Camarones 주민 커뮤니티와의 탐사 협정을 두 번째로 연장하여 기간을 추가로 5년 연장하고 2030년 10월까지로 확정했습니다.
회사는 독점 황화물 용출 시험이 일정에 따라 진행 중이며, 지역 환경 및 기준선 연구가 2026년에 예정된 타당성 예비 연구(PFS)를 뒷받침하기 위해 진행 중이라고 밝혔습니다. 경영진은 커뮤니티와의 오랜 관계 및 지역 개발 계획과 사회적 혜택에 대한 협력을 계속 강조했습니다.
Chesapeake Gold (OTCQX: CHPGF) a annoncé une deuxième prolongation de son accord d'exploration avec la Communauté de San Juan de Camarones pour la propriété Metates, prolongeant la durée de cinq années supplémentaires jusqu'au octobre 2030.
La société a indiqué que les essais de lixiviation des sulfures propriétaires sont dans les délais et qu'ils progressent, les études environnementales et de référence étant en cours pour soutenir une étude de faisabilité préliminaire (PFS) en 2026. La direction a souligné une relation de longue date avec la Communauté et une collaboration continue sur un plan de développement et des avantages sociaux pour la région.
Chesapeake Gold (OTCQX: CHPGF) gab eine zweite Verlängerung seiner Explorationsvereinbarung mit der Gemeinschaft von San Juan de Camarones für die Metates-Liegenschaft bekannt und verlängerte die Laufzeit um weitere fünf Jahre bis Oktober 2030.
Das Unternehmen erklärte, dass proprietäre Sulfid-Laugungstests im Plan liegen und fortschreiten, während Umwelt- und Basisstudien laufen, um eine Vorfeldstudie (PFS) im Jahr 2026 zu unterstützen. Das Management hob eine langjährige Beziehung zur Gemeinschaft und die Fortsetzung der Zusammenarbeit an einem Entwicklungsplan und sozialen Vorteilen für die Region hervor.
Chesapeake Gold (OTCQX: CHPGF) أعلن عن تمديد ثانٍ لاتفاقية استكشافه مع مجتمع سان خوان دي كامارونيس لملكية Metates، مما مدّد المهل لخمس سنوات إضافية حتى أكتوبر 2030.
قالت الشركة إن اختبارات استخلاص الكبريتيدات المملوكة تَجري وفق الجدول الزمني وتتقدم، مع إجراء دراسات بيئية وخط الأساس لدعم دراسة ما قبل الجدوى (PFS) في 2026. أكدت الإدارة على علاقة طويلة الأمد مع المجتمع واستمرار التعاون في خطة تطوير ومزايا اجتماعية للمنطقة.
Chesapeake Gold (OTCQX: CHPGF) 宣布对 Metates 资产的 San Juan de Camarones 社区的勘探协议再延长一次，将期限再延长五年，至 2030 年 10 月。
公司表示，专有的硫化物浸出试验按计划进行，环境和基线研究也在进行中，以支持 2026 年的可行性前期研究（PFS）。管理层强调与社区的长期关系以及在区域发展规划和社会利益方面的持续合作。
- Community agreement extended to October 2030
- PFS scheduled for 2026
- Proprietary sulphide leach testwork progressing on schedule
- Environmental and baseline studies underway to support PFS
- None.
Vancouver, British Columbia--(Newsfile Corp. - October 27, 2025) - Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) ("Chesapeake" or the "Company") is pleased to announce the second extension of its exploration agreement for the Metates property, with the local Community of San Juan de Camarones ("Community"), located in the Municipality of Santiago Papasquiaro, Durango, Mexico. The extension adds an additional five years to the original agreement signed in May 2018, now until October 2030.
Jean-Paul Tsotsos, Interim Chief Executive Officer, stated, "For over 19 years, we have been committed to maintaining an excellent working relationship with the Community and other stakeholders. The Community's support and collaboration have been integral in providing a development plan for Metates and responsible social benefits for the region. This extension agreement marks another important milestone as we work towards a prefeasibility study ("PFS") in 2026 and the further development of Metates."
As a brief Metates update, the proprietary sulphide leach testwork remains on schedule and is progressing well alongside environmental and related baseline studies in support of the upcoming PFS.
For Further Information:
For more information on Chesapeake's Metates and Lucy Projects and the proprietary sulphide 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.
Forward-looking statements
This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to anticipated timing and completion of a PFS and performance updates regarding its sulphide leach technology. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are based on various assumptions.
Forward-looking information in this new release is based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information as the Company can give no assurance that they will prove to be correct. Such assumptions include the anticipated timing of the Company's work program and related studies on Metates, the availability of funds and general economic and market conditions.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the Company's ability to undertake and complete a PFS; general business, economic, competitive, political and social uncertainties; the actual results of exploration activities; the results from the continued development of the sulphide leach technology; accidents, labour disputes and other risks of the mining industry; and political instability.
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements.
1Mexico'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/271990
FAQ
What did Chesapeake Gold (CHPGF) announce about the Metates community agreement on October 27, 2025?
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How long has Chesapeake Gold worked with the Community of San Juan de Camarones before the October 2025 extension?
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