Chesapeake Gold Corp. / CA1651841027
Vancouver, British Columbia (February 26, 2025) / IRW-Press / Chesapeake Gold Corp. (TSXV: CKG) (OTCQX: CHPGF) (" Chesapeake " or the " Company " - https://www.commodity-tv.com/ondemand/companies/profil/chesapeake-gold-corp/ ) is pleased to announce the appointment of Mr. Justin Black as Chief Metallurgical Officer effective February 26, 2025.
Mr. Black is a chemical engineer with over 14 years of experience in the design, implementation and optimization of process systems for various mining applications including crushing, grinding, flotation and refining. He has managed major projects from conception to completion, ensuring timely implementation and operational excellence.
Mr. Black was most recently Process Manager at Golden Vertex Corporation. In this role, he was responsible for overseeing all operations including the crusher, leach pad, Merrill Crowe process and refinery, as well as metallurgical testing to optimize gold recovery. Prior to that, Mr. Black spent eight years as a Process Engineer at M3 Engineering, where he managed a multidisciplinary team of engineers to deliver projects for clients in a variety of industries with a focus on open pit mining.
From August 2019 to December 2020, Mr. Black served as Superintendent of Technical Services at Hycroft Mining Corporation, where he led the development of the heap leach-oxidation process through large-scale testing, feasibility and technical studies, and commercial production.
Mr. Randy Reifel, Executive Chairman, commented: "We are pleased to welcome Justin Black to Chesapeake's technical team. In his new role, he will be responsible for advancing the Company's proprietary sulphide leaching technology (Technology) and will test it on several refractory sulphide deposits, as we believe the Technology has the potential to unlock significant economic value. Justin's experience with the oxidation process will be of great benefit to building shareholder value as we intend to pursue a wide range of corporate opportunities."
In connection with the appointment as Chief Metallurgical Officer, Chesapeake also announces the grant of stock options to Mr. Black under its stock option plan. These options entitle Mr. Black to purchase up to 100,000 common shares of the Company at an exercise price of C$1.00 per share for a period of five years ending February 26, 2026. The options will vest in installments of 25% per year beginning on February 26, 2026, the first anniversary of the grant, after which the options will be exercisable.
For more information:
For further information about Chesapeake, its Metates and Lucy projects or its proprietary oxidative leaching technology, please visit our website at www.chesapeakegold.com or contact Jean-Paul Tsotsos at [email protected] or +1 778 731 1362.
In Europe:
Swiss Resource Capital AG
Jochen Staiger & Marc Ollinger
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Chesapeake
Chesapeake Gold Corp.'s flagship project is the Metates Project (" Metates ") in the Mexican state of Durango. Metates hosts one of the largest undeveloped gold-silver deposits in North and South America [1] with over 16.77 million ounces of gold at 0.57 grams per tonne (g/t) and 423.2 million ounces of silver at 14.3 g/t in the total Measured and Indicated Mineral Resource of 921.2 million tonnes and an additional 2.13 million ounces of gold at 0.47 g/t and 59.0 million ounces of silver at 13.2 g/t in the total Inferred Mineral Resource of 139.5 million tonnes. See technical report entitled "Metates Sulphide Heap Leach Project Phase I" dated January 13, 2023 and news release dated February 22, 2023.
The source language (usually English) in which the original text is published is the official, authorized and legally valid version. This translation is provided for better understanding. The German version may be shortened or summarized. No responsibility or liability is assumed for the content, correctness, appropriateness or accuracy of this translation. From the translator's point of view, the announcement does not constitute a buy or sell recommendation! Please note the original English announcement on www.sedarplus.ca , www.sec.gov , www.asx.com.au/ or on the company website!
[1] “Mexico's biggest undeveloped gold deposits.” Bnamericas. Published on Tuesday, November 24, 2020.
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