Chesapeake Gold Corp. (TSXV:CKG) (OTCQX:CHPGF) has received results from the last 13 large diameter (PQ or 85 mm) infill core drill holes completed at its flagship Metates gold-silver project in Durango, Mexico.
In total, 18 holes were completed during the 2021-2022 infill drill campaign which totalled approximately 7,485 metres.
“We are very pleased to report the final holes from the drilling campaign, including excellent results such as hole CKG22-094 with 357 metres of 1.43 g/t AuEq,” President and CEO, Alan Pangbourne, said.
“The results support our belief that the intrusive continues to be materially higher grade than previously modeled which should have a very positive impact on the new resource estimate, mine plan and upcoming pre-feasibility study.
“The assay intervals for these holes, which intersected the intrusive and intrusive breccia-hosted mineralisation, were on average about 23% higher in AuEq grade than corresponding block estimates in the current resource block model.”
The infill drill holes targeted the intrusive-hosted mineralization and are spaced at approximately 50 metre intervals. Most of the drillholes had an azimuth of 215 degrees, were inclined at -50 to -75 degrees and ranged from 200 to 650 metres depth to intersect the intrusive at near true thickness.
The drilling generally confirmed the intrusive/intrusive breccia is thicker than is currently modelled. Hole CKG22-104 returned 138 metres of 1.53 g/t AuEq which was significantly thicker and higher grade than modelled.
Based on the results of the 2021-2022 infill drill programme, a revised geologic model will be generated and incorporated into a new, updated resource block model.
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