Chesapeake Gold Presents Metates Heap Leach Plan With USD 359 Million Initial Capital Cost

• 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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chesapeake Gold Corp. published the original content used to generate this news brief on November 02, 2026, and is solely responsible for the information contained therein.