Day: September 12, 2013

Chesapeake Provides Update on Technical Developments at Metates and Regional Exploration Activities

Chesapeake Gold Corp. wishes to report on the 2013 activities and related developments going forward on its 100% owned Metates gold-silver project located in Durango State, Mexico. Based on the NI 43-101 Pre-Feasibility Study Technical Report dated March 18, 2013 (available on the Company’s website or at SEDAR), Metates hosts proven and probable reserves of 18.5 million ounces of gold and 526 million ounces of silver, making it one of the largest known undeveloped gold and silver deposits in the world. The pre-feasibility study (“PFS”) also indicates that once in operation, Metates could produce an average of 659,000 ounces gold and 15.9 million ounces silver annually over a 25 year mine life at projected cash costs of $493 per ounce of gold equivalent, net of zinc credits.

AuRico Gold Provides an Update on the 2013 El Chanate Exploration Program

AuRico Gold Inc. is pleased to provide an update on its exploration program at the El Chanate mine located in Sonora, Mexico. The objective of the 2013 program is to further delineate mineralization within the existing open pit and expand the known mineralization along the Chanate trend in order to potentially convert this mineralization into mineral resources.

Layne, A Granite Company, provides sustainable solutions for water resources and mineral exploration. Originally established in 1882, Layne offers a rich history of delivering safe, professional, and reliable water and minerals solutions throughout North and South America. Granite acquired Layne and its subsidiaries in the fall of 2018, to further Granite’s strategy to grow through acquisition and diverse end market expansion.

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INTERA brings the experience and commitment to developing and implementing cost-effective solutions for every phase of mining projects—from planning and development, and construction and operations, to reclamation and closure.