Chesapeake Announces Updated Pre-Feasibility Study for Metates

VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 7, 2016) – Chesapeake Gold Corp. (“Chesapeake” or “Company”) (TSX VENTURE:CKG) is pleased to report the positive results from the completion of the Updated Pre-Feasibility Study (“Updated PFS”) on its 100% owned Metates project located in Durango State, Mexico. The Updated PFS evaluated a lower ore throughput development scenario compared to the original PFS titled “Metates Gold-Silver Project NI 43-101 Technical Report Preliminary Feasibility Study” dated March 18, 2013 (“2013 PFS”). The Metates project hosts one of the largest undeveloped gold, silver and zinc reserves in the world.

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