Chesapeake Gold Corp CEO Jean-Paul Tsotsos joined Angela Harmantas at the Prospectors & Developers Association of Canada or PDAC conference in Toronto to share news about the company’s progress advancing its flagship Metates project and how proprietary processing technology has dramatically improved the project’s economics. Tsotsos explained that the Metates deposit, discovered in the 1980s, is a large refractory gold and silver deposit that has historically been difficult to process due to the challenge of extracting metals from sulfide minerals. Because of these complexities, the project had remained undeveloped for decades despite attracting interest from several major mining companies. The company previously evaluated a conventional autoclave processing pathway, but the required infrastructure – including water pipelines from the Pacific coast, a desalination plant, and a dedicated power facility – pushed the estimated capital cost to about $3.6 billion. Chesapeake Gold has since transformed the project by integrating proprietary oxidation technology acquired through a merger with a technology company. According to Tsotsos, this approach significantly simplifies the process. “We’re basically doing what nature does to sulfide deposits, but we’re speeding up the timeline,” Tsotsos said, explaining that the process oxidizes the material on pads using proprietary chemistry rather than relying on complex flotation systems. The new approach has dramatically reduced the projected capital cost to approximately $360 million, while maintaining meaningful production potential of around 150,000 ounces of gold equivalent annually with a projected 30-year mine life. Beyond Metates, Chesapeake Gold is also evaluating opportunities to deploy the technology with third-party mining companies, potentially through licensing agreements or project partnerships. Looking ahead, Tsotsos said investors can expect upcoming updates from ongoing metallurgical test work and third-party testing programs in the coming months. #proactiveinvestors #chesapeakegoldcorp #otcqx #chpgf #tsxv #ckg #pdac2026#ChesapeakeGold #JeanPaulTsotsos #MetatesProject #GoldMining #SilverMining #MiningTechnology #PreciousMetals #GoldStocks #MiningInnovation #MiningInvesting