Chesapeake Updates Yarely Regional Exploration Program

Chesapeake Gold Corp. (“Chesapeake”) is pleased to provide an exploration update for its regional Yarely project (“Yarely”) near the proposed El Paso (Metates) plant site in Sinaloa State, Mexico. Chesapeake owns a 100% interest in Metates which hosts one of the largest undeveloped gold, silver and zinc reserves in the world. During the past year, Chesapeake has assembled a land position of 68,000 contiguous hectares at Yarely. The district is strategically located 10 kilometres from a paved highway and within 25 kilometres of the El Paso plant site.
Yarely is situated in a prolifically mineralized belt that parallels the Pacific Coast and lies along the western margin of the Sierra Madre Occidental within Sinaloa state. The Yarely district is very prospective for precious and base metal mineralization hosted within several different deposit types including skarns, epithermal veins, disseminated stockwork zones and breccias. A systematic program of geological mapping, rock chip channel sampling and trenching supplemented by IP geophysics has defined six  significant prospects.

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