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Tatatila
   
   
  Chesapeake owns a 100% interest in the Tatatila project located in Veracruz State, Mexico. Tatatila comprises 8 mineral concessions totaling 3,883 hectares. Tatatila surrounds the Las Minas project which Mexican Gold Corp.(MEX:TSX-V) recently reported an initial measured and indicated resource of 304,000 gold equivalent ounces (gold-silver-copper) at a grade of 1.9 g/t gold equivalent and an inferred resource of 719,000 gold equivalent ounces at a grade of 2.17 g/t gold equivalent.

Tatatila is a precious and base metal district with numerous mineralized prospects formed by metasomatic and hydrothermal activity generated during the emplacement of intrusives into the calcareous rocks. Grassroots exploration discovered 10 zones or corridors with several prospects dispersed over an area of 200 square kilometres. The mineralization is mostly skarn, polymetallic replacements and locally mesothermal veins.

In 2008, Chesapeake's exploration program included detailed mapping and rock chip sampling. Significant channel results from three types of deposits related to different levels and zones of skarn systems are as follows:

Contact controlled garnet and magnetite skarns

15 metres of 4.2 g/t gold, 43 g/t silver, 2% copper
56 metres of 1.0 g/t gold, 7 g/t silver, 0.7% copper
67 metres of 1.6 g/t gold, 6 g/t silver, 0.6% copper

Magnetite jasperoidal silica Skarn

18 metres of 27 g/t silver, 0.8% copper
18 metres of 50 g/t silver, 1.5% copper
54 metres of 18 g/t silver, 0.6% copper

Structurally controlled exoskarn

6 metres of 4.3 g/t gold, 23 g/t silver, 0.9% copper
18 metres of 3.8 g/t gold, 7 g/t silver, 0.5% copper


 
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