Chesapeake Gold Corp. reported significant progress in its proprietary heap oxidation technology at the Metates project in Mexico, achieving improved gold and silver recoveries with reduced oxidation times. Phase III testwork showed gold recoveries of 70% and silver recoveries of 61% over 90 days, outperforming earlier phases with longer processing times. Additional testing with High Pressure Grinding Roll (HPGR) technology further enhanced recoveries, indicating potential cost savings and production boosts. The company is advancing toward a prefeasibility study, while third-party interest in the technology grows, supporting its commercialization strategy.
Chesapeake's proprietary heap oxidation technology updates provide context for the Basic Materials sector's market activity. For readers following Basic Materials, here is Pluang's market snapshot as of Sep 22, 2026 17:11 WIB: Among 34 priced US stocks, 14 rose and 18 fell. LYB traded at USD 59.91 with a 1-day change of -0.56% and a typical hold time of 85 days, while MP was at USD 50.27, gaining 0.54% with a much shorter hold time of 4 days. SBSW stood at USD 11.07, down 0.54%, with a hold time of 49 days and a strong buy order activity of 99%.
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