Chesapeake Gold Announces Stock Option Grants

Chesapeake Gold Corp. (TSXV: CKG,OTC:CHPGF) (OTCQX: CHPGF) (“Chesapeake” or the “Company”) announces the grant of stock options under its Stock Option Plan to purchase an aggregate of 69,000 shares of the Company’s common stock at an exercise price of C$2.84 per share for a five-year term expiring on December 19, 2030. The stock options were granted to officers of the Company. The options become immediately unconditional and exercisable.

About Chesapeake

Chesapeake Gold Corp’s flagship project is the Metates Project (“Metaten“) located in the state of Durango, Mexico. Metates is home to one of the largest undeveloped gold-silver deposits in the Americas¹ with more than 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 within 921.2 million tonnes in the Measured and Indicated Mineral Resources category and a further 2.13 million ounces of gold at 0.47 g/t and 59.0 million ounces of silver at 13.2 g/t within 139.5 million tonnes in the inferred mineral resources category. See the technical report entitled “Metates Sulphide Heap Leach Project Phase I” dated January 13, 2023 and the press release dated February 22, 2023.

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¹ Mexico’s largest undeveloped gold deposits. Bnamericas. Published Tuesday, November 24, 2020.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278747