Chesapeake Gold

What Chesapeake Gold does

Chesapeake Gold Corp. is a Vancouver-based junior mining exploration and development company founded in 1993, listed on TSX Venture Exchange (CKG) and OTCQX (CHPGF). The company's principal asset is the Metates gold-silver project in Durango, Mexico—one of the largest undeveloped disseminated gold-silver deposits in the Americas, hosting 19.8 million ounces of contained gold and 542 million ounces of contained silver in measured and indicated resources. Secondary assets include the Lucy gold exploration project in Sinaloa, Mexico, and a 68% interest in Gunpoint Exploration Ltd. (owner of Talapoosa, Nevada) acquired through divestiture.

The company's core technical asset is a proprietary heap oxidation (oxidative leach) technology for refractory sulphide ores, acquired through Alderley Gold Corp. in January 2021 and consolidated via a $5 million IP purchase from Hycroft Mining in June 2024. The technology achieved ~74% gold recovery in metallurgical column testing by promoting sulphide oxidation over a 180–204 day cycle, eliminating the need for capital-intensive autoclave circuits. U.S. Patent 12,595,529 was granted in April 2026, with parallel filings across Canada, Mexico, Latin America, and Africa.

Chesapeake is pre-revenue and pursues a capital-markets-led go-to-market model, raising development capital through TSXV bought-deal public offerings and non-brokered private placements, with Eric Sprott (via 2176423 Ontario Ltd.) maintaining approximately 17.9% insider ownership. The January 2026 financing of approximately $20.1 million fully funds 2026 activities including the Metates PFS and Lucy exploration. The company serves precious-metals mining investors on public exchanges and positions its heap leach platform for potential technology licensing to other operators with refractory sulphide deposits.

Name

Chesapeake Gold

Legal name

Chesapeake Gold Corp.

Website

https://chesapeakegold.com

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

1–10 employees

Short description

Chesapeake Gold is a Vancouver-based junior mining developer advancing the flagship Metates gold-silver project in Durango, Mexico, using its proprietary heap oxidation technology for refractory sulphide ores. The pre-revenue company targets precious-metals investors on TSXV and OTCQX.

Ownership category

akta.pro rank

Product category

Gold and Silver Mining

NAICS

Gold Ore and Silver Ore Mining (212220), Gold Ore and Silver Ore Mining (21222), Nonferrous Metal (except Aluminum) Smelting and Refining (33141)

SIC

Gold And Silver Ores (1040), Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industries

Silver Mining (IMAKAEAB), Precious Metals Smelting & Refining (IMAKAEAE)

Keywords

• Gold mining exploration
• Silver mining development
• Heap leach processing
• Sulphide ore processing
• Precious metals extraction

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Gold and Silver Production: Pre-revenue exploration and development stage company. Future revenue will be generated from gold and silver production at the Metates project in Durango, Mexico, using the proprietary sulphide heap leach technology. Phase 1 PEA projects average annual production of over 110,000 ounces of gold and 2.5 million ounces of silver during the first 15 years.
2. Project Royalties and Equity Stakes: Company holds equity stakes and royalties from divested projects including 14.99% of Mexican Gold Mining Corp. from Tatatila sale and 1.5% NSMR royalty. Also holds 68% of Gunpoint Exploration Ltd. which owns Talapoosa gold-silver project in Nevada.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Chesapeake Gold Corp. is a precious metals exploration and development company advancing the flagship Metates gold-silver project in Durango, Mexico toward production. The company applies a proprietary heap oxidation technology for cost-effective processing of refractory sulphide ores, eliminating the need for traditional autoclave circuits. It also explores the Lucy gold project in Sinaloa, Mexico, and holds interests in the Talapoosa gold-silver project in Nevada via Gunpoint Exploration Ltd.

Product overview

Chesapeake Gold is a mining exploration and development company with three principal assets: the flagship Metates Project (one of the largest undeveloped gold-silver deposits in the Americas in Durango, Mexico), the Lucy Project (a gold exploration property in Sinaloa, Mexico with high-grade skarn mineralization), and the Talapoosa Project (a Nevada gold-silver deposit now held through Gunpoint Exploration). The company's proprietary oxidative leach technology enables cost-effective heap leaching of refractory sulphide ores, representing a potential breakthrough in gold-silver processing economics.

Differentiator

Problem solved

Functional benefit

Products and services

• Metates Project 100%-owned flagship gold-silver project located 175 km northeast of Mazatlán in Durango state, Mexico, hosting one of the largest undeveloped disseminated gold-silver deposits in the Americas with measured and indicated resources of 19.8 million ounces of gold and 542 million ounces of silver. Being developed as a low-cost, scalable sulphide heap leach operation.
• Lucy Project Gold exploration project located in central Sinaloa, Mexico, comprising 483 hectares within 5 km of a paved highway. Features a gold-bearing skarn system with high-grade gold mineralization starting from surface, achieving up to 97% gold recoveries in preliminary metallurgical tests.
• Proprietary Oxidative Leach Technology Proprietary heap oxidation technology enabling enhanced metal recovery from refractory sulphide ores. Enables heap leaching instead of traditional autoclave circuits, resulting in lower capital and processing costs, stronger project economics, and a reduced environmental footprint. Achieved ~74% gold recovery in metallurgical testing.
• Talapoosa Project Disseminated quartz-adularia style epithermal gold-silver deposit located 45 km east of Reno, Nevada. Held indirectly via 68-74% ownership of Gunpoint Exploration Ltd.

Quantifiable outcome

• 388% share price appreciation in 2025
• +6 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered strategic and core.

• Mining Association of Canada (MAC)strategicStrategic or Co-development Partner · 29 April 2026Membership in Mining Association of Canada effective April 2026. Allows participation in Towards Sustainable Mining (TSM) program promoting environmental stewardship and social responsibility. Aligns Chesapeake with industry leaders committed to responsible resource development.
• Community of San Juan de CamaronesstrategicStrategic or Co-development Partner · 27 October 2025Community exploration agreement extended until October 2030. Local community partnership in Municipality of Santiago Papasquiaro, Durango, Mexico for Metates project development.
• Hycroft Mining Holding CorporationcoreStrategic or Co-development Partner · 24 May 2024Acquired patents, patent applications, and technology rights to sulphide leaching technology from Hycroft. Transaction completed June 5, 2024 for $2 million cash and 1,026,518 shares. Terminated previous Alderley License and extinguished royalty obligations.
• Alderley Gold Corp.coreStrategic or Co-development Partner · 1 January 2021Wholly-owned subsidiary acquired in January 2021 providing access to proven and innovative sulphide heap leaching technology together with proprietary databases. Created path towards becoming an innovative gold and silver producer.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Alamos Gold: Intermediate gold producer with operations across North America including Mexico (Mulatos). Comparable as a Mexican-operating gold miner of similar size that successfully transitioned from developer to producer.
• Hecla Mining Company: Largest U.S.-based silver producer with diversified gold-silver operations. Comparable as a silver-gold miner with focus on long-life assets and is included in the same Nasdaq Metals Focus Silver Miners Index as Chesapeake.
• First Majestic Silver: Pure-play silver producer with multiple Mexican mining operations. Comparable as a silver-focused precious metals company operating in the same Mexican jurisdiction as Chesapeake's Metates and Lucy projects.
• SSR Mining: Multi-asset gold-silver producer with operations in the Americas including Mexico. Comparable as a mid-tier precious metals producer with similar geographic exposure and gold-silver project portfolio.
• Pan American Silver: World's largest primary silver producer with diversified gold-silver portfolio across the Americas including Mexico. Comparable as a silver-gold major operating in similar jurisdictions and also included in silver miner indices.
• Coeur Mining: Established precious metals producer with operations across North America including Mexico (Palmarejo). Comparable as a larger-scale gold-silver operator with significant silver exposure and Mexican operational footprint.

Direct peers

• Alderley Gold Corp. Wholly-owned subsidiary of Chesapeake that originally developed the proprietary sulphide heap leaching technology. Comparable as the technology platform entity within Chesapeake's corporate structure and a precursor to the current processing innovation.
• Hycroft Mining Holding Corporation: Operates the Hycroft silver-gold mine in Nevada and previously owned the sulphide leaching technology that Chesapeake ultimately acquired in June 2024. Both companies target refractory sulphide ore processing, making them direct technology and operational comparables.
• Endeavour Silver: Mid-tier silver-gold producer focused entirely on mining operations in Mexico. Comparable as a Mexican-focused silver-gold developer/producer with similar jurisdictional risk profile and project economics structure.
• MAG Silver Corp. Development-stage silver-gold company focused on the Juanicipio project in Mexico with major silver resource base. Comparable as a Mexican-focused, silver-rich precious metals developer with similar large-scale resource economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/Chesapeake_Gold
• Facebookfacebook.com/ChesapeakeGold
• LinkedInlinkedin.com/company/chesapeake-gold-corp-

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds4 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chesapeake Gold