Chesapeake Gold Presents Metates Heap Leach Plan With USD 359 Million Initial Capital Cost
Bitget2026/11/02 11:47- Chesapeake Gold has begun a fully funded, 5,000-meter drilling program at Lucy, with first assays expected in Q1 2027.
- The project's prospective gold-mineralized footprint expanded to 2,000 meters from a 700-meter discovery corridor.
- Metates' preliminary economic assessment outlines initial capital spending of US$ 359 million for a 31-year mine life.
- Base-case pretax internal rate of return is 35%, with a projected payback period of 2.5 years.
- Technology testing now includes six third-party projects, with the first round nearing completion.
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