Chesapeake Gold Corp.: Metates Updated Pre-Feasibility Study to Be Released in Early Q1 2016

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec. 16, 2015) – Chesapeake Gold Corp. (“Chesapeake” or “Company”) (TSX VENTURE:CKG) wishes to report on the current status of the updated pre-feasibility study (“updated PFS”) on its 100% owned Metates project located in Durango State, Mexico. Chesapeake and M3 Engineering &Technology together with several industry leading international consultants have finished all of the engineering studies and are near completion of all capital and operating cost estimates related to the updated PFS. The Metates project hosts one of the largest undeveloped gold, silver and zinc reserves in the world not controlled by a major gold producer.

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