Chesapeake is focused on the exploration and development of precious metals projects in North America. Chesapeake owns the Metates project located in Durango state, Mexico. Metates is one of the largest undeveloped gold – silver – zinc deposits in the world.

Chesapeake is focused on the exploration and development of precious metals projects in North America. Chesapeake owns the Metates project located in Durango state, Mexico. Metates is one of the largest undeveloped gold – silver – zinc deposits in the world.

Few world class open pit mines have scalable development options. Metates benefits from its highest ore grade early in the mine life, a low strip ratio and close proximity to key existing infrastructure. Metates has the option to be an initial 30,000 tpd or 60,000 tpd mine that expands to full nameplate capacity. A pre-feasibility study by M3 Engineering indicates at the throughput rate of 120,000 tpd, the annual production would be 659,000 ounces of gold, 16 million ounces of silver and 143 million pounds of zinc over 25 years. Life of mine all-in sustaining costs including by-product credits, are $472 per ounce.

From opportunity, Chesapeake recognizes that exploration success creates shareholder value. Our exploration is focused on developing an organic pipeline that can capitalize on Metates future mine complex and infrastructure. Several district-scale prospects have been discovered near Metates and are being systematically advanced.