Chesapeake Announces Proprietary Heap Oxidation Technology Updates

Original announcement by newsfile on

Company
Chesapeake Gold Corp.
Ticker
CKG
Exchange
Unavailable
Region
Durango, Mexico
Primary commodity
Gold
Secondary commodities
Silver
Document categories
Metallurgy
Extracted
2026-09-22 10:33:47 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Chesapeake Gold Corp. reported progress in its proprietary heap oxidation technology at the Metates project, achieving improved gold and silver recoveries in significantly shorter oxidation times. The update also highlights the potential for further recovery increases using High Pressure Grinding Roll (HPGR) technology.

Reasoning: Significant metallurgical advances in oxidation time and recovery rates for both gold and silver, plus promising HPGR results, directly impact project economics.

Positive factors

  • Improved gold and silver recoveries
  • Reduced oxidation time (90 days vs 180/240 days)
  • HPGR crushing shows significant recovery uplift
  • Third-party interest in technology

Negative factors

  • Contingent on San Vicente 3 concession recovery

Facts used in scoring: 6

Classification and evidence

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Gold and silver recoveries in the Massive Intrusive domain (70% and 61%) are strong for heap oxidation.

Evidence · text

“precious metal recoveries achieving 70% for gold and 61% for silver”

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: The report discusses HPGR crushing and direct cyanidation as part of the optimization phase.

Evidence · text

“direct cyanidation of the HPGR-crushed material showed marked improvement”

Heap Leach Routeneutral

Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: the document describes a heap_leach route ("heap leach")

Multi-Domain Testedpositive

Variability across ore domains (oxide, transition, fresh) has been addressed.

Why it applies: 3 distinct composites were tested

Extracted facts

Stored fact records: 6. Some facts used in scoring do not have a stored record.

Metallurgical Results (6)

heap oxidationMetates · goldRecovery: 70 %View all details
Link to this fact

Identity

Project
Metates
Commodity
gold
Region
mexico
Reported Region
Durango, Mexico
Ticker
CKG

Test Work

Program Status
detailed
Test Type
heap oxidation
Processing Route
heap oxidation
Sample
Massive Intrusive domain, 90-day oxidation phase

Recovery

Recovery
70 %
Recovery Basis
actual_test

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: 70% gold recovery achieved in only 90 days is a strong result for heap oxidation.

Positive factors

  • High recovery in reduced time

Evidence · text

“precious metal recoveries achieving 70% for gold and 61% for silver over the shortened 90-day oxidation phase”

Tags used in scoring

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: 70% is below the weak band (80%)

heap oxidationMetates · silverRecovery: 61 %View all details
Link to this fact

Identity

Project
Metates
Commodity
silver
Region
mexico
Reported Region
Durango, Mexico
Ticker
CKG

Test Work

Program Status
detailed
Test Type
heap oxidation
Processing Route
heap oxidation
Sample
Massive Intrusive domain, 90-day oxidation phase

Recovery

Recovery
61 %
Recovery Basis
actual_test

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: 61% silver recovery in 90 days represents a significant improvement over previous phases.

Positive factors

  • Silver recoveries doubled compared to Phase I

Evidence · text

“precious metal recoveries achieving 70% for gold and 61% for silver over the shortened 90-day oxidation phase”

Tags used in scoring

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: 61% is below the weak band (75%)

heap oxidationMetates · goldRecovery: 57 %View all details
Link to this fact

Identity

Project
Metates
Commodity
gold
Region
mexico
Reported Region
Durango, Mexico
Ticker
CKG

Test Work

Program Status
detailed
Test Type
heap oxidation
Processing Route
heap oxidation
Sample
Intrusive Breccia domain, 180-day oxidation phase

Recovery

Recovery
57 %
Recovery Basis
actual_test

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: 57% gold recovery in the Breccia domain shows significant improvement over prior testing.

Positive factors

  • Recovery nearly doubled compared to Phase I

Evidence · text

“precious metal recoveries increasing to 57% for gold and 60% for silver over a similar 180-day oxidation phase”

Tags used in scoring

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: 57% is below the weak band (80%)

heap oxidationMetates · silverRecovery: 60 %View all details
Link to this fact

Identity

Project
Metates
Commodity
silver
Region
mexico
Reported Region
Durango, Mexico
Ticker
CKG

Test Work

Program Status
detailed
Test Type
heap oxidation
Processing Route
heap oxidation
Sample
Intrusive Breccia domain, 180-day oxidation phase

Recovery

Recovery
60 %
Recovery Basis
actual_test

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: 60% silver recovery in the Breccia domain shows significant improvement over prior testing.

Positive factors

  • Recovery nearly doubled compared to Phase I

Evidence · text

“precious metal recoveries increasing to 57% for gold and 60% for silver over a similar 180-day oxidation phase”

Tags used in scoring

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: 60% is below the weak band (75%)

direct cyanidationMetates · goldRecovery: 47 %View all details
Link to this fact

Identity

Project
Metates
Commodity
gold
Region
mexico
Reported Region
Durango, Mexico
Ticker
CKG

Test Work

Program Status
detailed
Test Type
direct cyanidation
Processing Route
direct cyanidation
Sample
HPGR-crushed material, direct cyanidation

Recovery

Recovery
47 %
Recovery Basis
actual_test

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: HPGR crushing shows a marked improvement in gold recovery prior to oxidation.

Positive factors

  • 16% increase in gold recovery vs conventional crushing

Evidence · text

“direct cyanidation of the HPGR-crushed material showed marked improvement over conventional crushing, with gold and silver recoveries increasing by 16% and 23% to 47% and 65%, respectively”

Tags used in scoring

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: 47% is below the weak band (80%)

direct cyanidationMetates · silverRecovery: 65 %View all details
Link to this fact

Identity

Project
Metates
Commodity
silver
Region
mexico
Reported Region
Durango, Mexico
Ticker
CKG

Test Work

Program Status
detailed
Test Type
direct cyanidation
Processing Route
direct cyanidation
Sample
HPGR-crushed material, direct cyanidation

Recovery

Recovery
65 %
Recovery Basis
actual_test

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: HPGR crushing shows a marked improvement in silver recovery prior to oxidation.

Positive factors

  • 23% increase in silver recovery vs conventional crushing

Evidence · text

“direct cyanidation of the HPGR-crushed material showed marked improvement over conventional crushing, with gold and silver recoveries increasing by 16% and 23% to 47% and 65%, respectively”

Tags used in scoring

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: 65% is below the weak band (75%)

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.