Chesapeake Gold Corp. announced the results from the last thirteen large diameter (PQ or 85 mm) infill core drill holes completed at its flagship Metates gold-silver project in Durango, Mexico. In total, 18 holes were completed during the 2021-2022 infill drill campaign which totaled approximately 7,485 metres.

The infill drill holes targeted the intrusive-hosted mineralization and are spaced at approximately 50 metre intervals. Most of the drillholes had an azimuth of 215 degrees, were inclined at -50 to -75 degrees and ranged from 200 to 650 metres depth to intersect the intrusive at near true thickness. The drilling generally confirmed the intrusive/intrusive breccia is thicker than is currently modeled.

Hole CKG22-104 returned 138 metres of 1.53 g/t AuEq which was significantly thicker and higher grade than modeled. Based on the results of the 2021-2022 infill drill program, a revised geologic model will be generated and incorporated into a new, updated resource block model. Sample Preparation, Analysis and QA/QC Program: All the assays reported by Chesapeake in this news release are from PQ drill core which were logged and sampled in a secure storage facility located at the Metates project.

PQ core was cut using disc rock saws and a representative one-quarter sample was selected for assay. Core samples were sent to the ALS Global facility in Zacatecas City, Mexico for preparation with assay pulps subsequently sent to ALS labs in Reno, USA and Vancouver, Canada for analysis. ALS Global is an accredited mineral analysis laboratory.

All core samples, generally at 3 metre sample intervals, were prepared using a method whereby the entire sample was crushed to 90% passing -2mm, a split subsample of 1000 g was pulverized to better than 85% passing 75 microns and then a 250 g pulp was taken. Samples were analyzed for gold using 50 g fire assay fusion with an ICP finish (Method Au-ICP22). Silver and other elements were analyzed by 4 acid digestion with a ICP finish (Method ME-ICP61).

Gold (>5 ppm) and silver (>100 ppm) over limits were analyzed by fire assay and gravimetric finish. Core sample duplicates, preparation (crush and pulp) duplicates and certified standards and blanks from CDN Resource Laboratories were inserted into the samples stream as part of the sampling protocol for the QA/QC program.