- Business
- Chesapeake Gold Corp. is a Canadian mineral exploration and evaluation company primarily engaged in the acquisition, evaluation, and development of precious metal deposits in North and Central America. The company’s main products and services include exploring and developing gold and silver deposits, with a focus on its flagship asset, the Metates Project, an undeveloped, world-class disseminated gold and silver deposit located in Durango State, Mexico. Chesapeake also holds a portfolio of exploration properties across Mexico, including the Lucy project in Durango and the Talapoosa gold-silver project in Nevada, United States, which is held through its 68% ownership in Gunpoint Exploration Ltd. The company applies advanced sulphide heap leach technology as part of its development strategy for the Metates Project.
Founded in 1993 and headquartered in Vancouver, British Columbia, Chesapeake Gold has recently made significant strategic advancements. In 2024, the company completed the acquisition of intellectual property rights for sulphide leaching technology from Hycroft Mining Holding Corporation, enhancing its proprietary technology and ending royalty obligations related to Alderley Gold Corp., its wholly owned subsidiary. In 2025, Chesapeake completed the sale of its Tatatila gold-copper project in Veracruz, Mexico, receiving a 14.99% equity stake in Mexican Gold Mining Corp. Additionally, the company extended its exploration agreement with the local community near the Metates Project in Durango for five more years, now through 2030. Chesapeake continues progressing the Metates Project towards production with plans for a prefeasibility study in 2026, supported by strong project economics and ongoing metallurgical advancement.
Chesapeake Gold operates primarily in the precious metals mining sector with a focus on gold and silver development. It targets institutional investors, mining partners, and capital markets to advance its asset portfolio and technological capabilities. The company’s operations span Canada, Mexico, and the United States, and it emphasizes sustainable development and community engagement in its regional projects. Chesapeake’s recent strategic moves position it to become a significant gold and silver producer in the Americas.