Canadian mining company Chesapeake Gold has completed the acquisition of Alderley Gold, a private British Columbia mining technology company focused on the development of proprietary technologies that significantly reduce the cost of construction and processing for certain refractory sulphide precious metal ore bodies.
Through the acquisition of Alderley, Chesapeake gains access to an innovative precious metals oxidation processing technology together with certain asset rights and proprietary databases, creating the path towards a new growth oriented and innovative gold and silver producer.
Chesapeake said it would now focus on progressing the Metates project – one of the largest, undeveloped disseminated gold and silver deposits in the world – towards production using the technology in a heap leach operation.
“I am excited about Chesapeake’s future with Metates being developed as a heap leach operation together with other strategic opportunities,” stated Randy Reifel, President and Chairman of Chesapeake’s Board.
Image credit: Chesapeake Gold Corp.