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Chesapeake to Sell Its Talapoosa & La Cecilia Gold-Silver Projects
Mar. 05, 2010 06:51PM PST
Silver InvestingChesapeake Gold Corp. (TSX VENTURE:CKG) and Christopher James Gold Corp. (TSX VENTURE:CJG) reported that a letter of intent has been signed today for the proposed acquisition by Christopher James of Chesapeake’s Talapoosa gold-silver property located in Nevada and the La Cecilia gold-silver property located in Sonora State, Mexico.
Chesapeake Gold Corp. (TSX VENTURE:CKG) and Christopher James Gold Corp. (TSX VENTURE:CJG) reported that a letter of intent has been signed today for the proposed acquisition by Christopher James of Chesapeake’s Talapoosa gold-silver property located in Nevada and the La Cecilia gold-silver property located in Sonora State, Mexico.
The press release is quoted as saying:
La Cecilia is a classic low sulfidation, epithermal gold-silver system associated with a rhyolite dome complex. The gold-silver mineralization occurs as a series of high grade vein structures over 1000 meters of strike and as lower grade, broad zone of stockwork veinlets both surrounding the veins and following the breccias within rhyolite domes. Three meter channel samples up to 5.6 g/t gold and 26 g/t silver and local high grade samples up to 53 g/t gold and 1128 g/t silver were collected across the dome complex.
Click here to access the entire press release