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Slide #2. Chesapeake Gold Corp. — Metates Royalty
Chesapeake Gold Corp. (CVE:CKG.CA)
Chesapeake Gold Corp. ("Chesapeake") (TSX VENTURE:CKG) wishes to announce that it has acquired the 1.5% net smelter return royalty on its 100% owned Metates gold-silver project located in Durango State, Mexico. The royalty was purchased from the royalty holder, SANLUIS Corporation, a private Mexican company, pursuant to exercise of a right of first refusal held by Chesapeake's Mexican subsidiary, American Gold Metates. The purchase price for the royalty was US$9.0 million.
Chesapeake Gold is a mineral exploration company engaged in the exploration, development and recovery of major gold-silver deposits in North America. Co. is in the exploration stage and does not generate mining revenues from its operations. Co. is focused on its Metates gold-silver project in Durango State, Mexico.
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