Chesapeake Gold Corp. (TSXV:CKG, OTCQX:CHPGF) is preparing to commence a 16 hole infill drill programme will commence in November on its world class, Metates gold-silver project located in Durango State, Mexico.
The infill programme will drill both up and down dip as well as along strike in a 5-spot pattern between the existing holes. The 16 holes totalling 6,700m, ranging from 250 to 650m depth, will be drilled with the same orientation to maintain consistency with the earlier drilling.
The infill drill programme will further define the geological structural controls, expand drill density, and provide additional composite metallurgical samples for variability testing. An overall increase in grade could have a significant positive impact on the expected PEA mine grades (NR12-2021) and project economics.
The five-hole PQ diameter core drill program completed in June (NR11-2021) for metallurgical test work returned on average, a 19% increase in grade over the block model predicted grades in the intrusive and intrusive breccia ore types.
Once the assays are received, an updated block model inputting all 21 holes will be the basis for resource estimation and mine planning in the prefeasibility study planned for Q3 2022.
For further information please visit: https://chesapeakegold.com/
