Welcome to our dedicated page for Chesapeake Gold news (Ticker: CHPGF), a resource for investors and traders seeking the latest updates and insights on Chesapeake Gold stock.
Chesapeake Gold Corp (CHPGF), which trades on the TSX Venture Exchange as CKG and on the OTCQX market, issues regular news updates about its flagship Metates Project in Durango State, Mexico and its other corporate activities. Metates is described by the company as hosting one of the largest undeveloped gold-silver deposits in the Americas, based on a detailed technical report and related disclosure.
News releases from Chesapeake often cover technical progress at Metates, including metallurgical test programs using its proprietary sulphide or oxidative leach technology and steps toward a prefeasibility study. The company also reports on regional exploration at its Lucy Project, where structural geology work, trenching, rock channel sampling and soil geochemistry have identified new mineralized corridors and skarn zones with gold and copper assay results.
Investors following CHPGF news can also see announcements about corporate developments such as changes to the board of directors, executive appointments, stock option grants and the adoption of a fixed stock option plan. In addition, Chesapeake has reported on portfolio transactions, including the sale of its Tatatila gold-copper project in Veracruz State, Mexico to Mexican Gold Mining Corp in exchange for equity and a net smelter return royalty.
Some news items address agreements with local communities, such as extensions of the exploration agreement for the Metates property with the Community of San Juan de Camarones in Durango, Mexico. Chesapeake also occasionally issues statements confirming that management is unaware of any material change in operations when requested by regulatory organizations. For investors and observers, the Chesapeake Gold Corp news feed provides ongoing insight into project advancement, technical work, exploration results and corporate governance developments related to CHPGF.
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.
Chesapeake Gold (TSXV: CKG) (OTCQX: CHPGF) has appointed Justin Black as Chief Metallurgical Officer effective February 26, 2025. Black brings over 14 years of experience in process systems design and optimization for mining operations.
Black's background includes roles as process manager at Golden Vertex , process engineer at M3 Engineering for 8 years, and Superintendent of Technical Services at Hycroft Mining His expertise spans crushing, milling, flotation, refining, and heap leach oxidation processes.
The company has granted Black 100,000 stock options at C$1.00 per share, expiring February 26, 2030, with 25% annual vesting starting February 26, 2026. The appointment aims to advance Chesapeake's proprietary sulfide leach technology for testing refractory sulfide deposits.
Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) has announced a stock option grant to company officers. The grant includes options to purchase 65,000 common shares at an exercise price of C$1.80 per share. These options have a five-year term expiring November 5, 2029, and will vest annually at 25% starting November 5, 2025.
Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) has announced positive metallurgical results for its Metates gold-silver project in Durango State, Mexico. The company's proprietary oxidative leach technology achieved gold recovery rates exceeding 70%, providing a foundation for a pre-feasibility study (PFS). Key findings include:
- Gold recovery increased from 33% with no pre-oxidation to ~74% after 204 days of oxidation
- Silver recoveries improved by over 20% after 146 days of oxidation
- The company has filed a new patent application based on innovative test work
Chesapeake plans to conduct further tests using larger diameter columns to finalize conditions for pilot plant and commercial operations. The company is also exploring opportunities to apply its technology to other sulphide gold deposits globally.
Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) has engaged ICP Securities Inc. for automated market making services. ICP will use its proprietary algorithm, ICP Premium™, in compliance with TSX Venture Exchange policies and applicable legislation. The agreement starts September 9, 2024, for an initial term of four months, automatically renewable monthly thereafter. Chesapeake will pay ICP a monthly fee of C$7,500 plus taxes. ICP's role is to correct temporary imbalances in supply and demand of Chesapeake's shares. No performance factors, stock options, or other compensation are included in the agreement. ICP currently holds no interest in Chesapeake but may acquire shares in the future.
Chesapeake Gold Corp. (CHPGF) announced successful results from its Phase 2 drilling program at the Lucy Project in Sinaloa, Mexico. The program extended the gold-bearing skarn corridor by 200 meters, now totaling 700 meters along the strike, with significant drill results including 5.2 g/t gold over 6 meters from the surface. The exploration involved 12 drill holes covering 939 meters and 101 geochemical samples, leading to detailed mapping for future drilling. A 63-line-kilometer ground magnetics survey was completed, identifying further targets for exploration. Early metallurgical tests showed up to 97% gold recoveries, supporting the feasibility of standard gold extraction methods.
Chesapeake Gold Corp. (TSXV: CKG, OTCQX: CHPGF) announced the completion of its acquisition of intellectual property rights related to sulphide leaching technology from Hycroft Mining Holding The acquisition includes patents, patent applications, and other technology assets. The transaction was finalized with a cash payment of $2,000,000 and the issuance of 1,026,518 common shares valued at $2.92 per share. These shares are under a hold period until October 5, 2024. The deal remains subject to the final approval of the TSX Venture Exchange.