Chesapeake Gold (TSXV:CKG) - Breakthrough Tech & New Gold Discovery

Interview with Jean-Paul Tsotsos, Interim CEO of Chesapeake Gold Corp.Our previous interview: https://www.cruxinvestor.com/posts/chesapeake-gold-tsxckg-uncovering-a-shallow-oxide-gold-treasure-at-the-lucy-discovery-4174Recording date: 30th November 2023Chesapeake Gold Presents Attractive Investment Opportunity with Large Gold Deposit Supported by Proprietary Recovery Technology and Exciting New High-Grade DiscoveryLed by newly appointed CEO Jean-Paul Tsotsos, Chesapeake Gold is advancing a dual-asset portfolio centred around its flagship 19 million ounce Metates gold-silver deposit and its high-potential new Lucy gold discovery, both located in mining-friendly Mexico.The Metates project hosts a world-class resource base, but the mineralization is refractory, requiring innovative processing solutions to unlock the value. Chesapeake believes its proprietary pre-treatment oxidation technology can double gold and silver recoveries compared to standard methods for this type of challenging ore. Recent test work has already demonstrated significantly improved leach kinetics and recoveries. Ongoing optimization continues aimed at further enhancing project economics. Tsotsos sees Metates as a long-term production asset with over 16 years of initially projected mine life from just a quarter of the defined resources in the latest preliminary economic assessment.However, while steady progress occurs on this large flagship, Chesapeake has also had early exploration success at its Lucy gold project where initial drilling has intersected exceptionally high near surface grades up to 25 meters of 6 g/t gold. Tsotsos highlights how rare it is to find such exceptional mineralization from surface, let alone in areas with established infrastructure like Durango. The oxide gold mineralogy also means simple, low-cost processing options without the complications of refractory ore. Several additional target areas remain untested along strike and at depth, providing considerable resource expansion potential as drilling continues to demonstrate scale and continuity.With approximately $22 million in cash on hand, Chesapeake is fully financed to accelerate work programs at both Lucy exploration and Metates process optimization without any imminent need to raise additional capital. Tsotsos sees considerable blue sky potential to rapidly progress Lucy and achieve key project de-risking milestones by the end of 2024 to create and crystallize tangible value drivers for investors. Continued positive updates could drive speculative appeal and share price gains as the market recognizes Chesapeake’s success advancing dual high-quality gold opportunities in a tier-one mining jurisdiction like Mexico. The relative undervaluation compared to gold developer peers highlights a compelling risk/reward investment thesis. Tsotsos and his experienced executive team have the technical and financial background to successfully execute on planned growth strategies and elevate Chesapeake to the next stage of corporate development.—View Chesapeake Gold's company profile: https://www.cruxinvestor.com/companies/chesapeake-goldSign up for Crux Investor: https://cruxinvestor.com

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