A method of receiving two chip-by-chip multiplexed CSK signals (e.g., GNSS signals) and searching for a non-CSK signal with optimal performance at a given digit capacity of a sampling memory resided in parallel correlators. For CSK signals Prompt, Early and Late results for each of possible code shift are calculated as different sums of four punctured convolutions. Depending on configuration, the method allows to receive both multiplexed CSK signals with lesser quality or one of the CSK signals with better quality. The method can be implemented as an apparatus with four punctured correlators, a set of multipliers by 1 or 2N, another set of multipliers by 1 or 0, summers of four input to one result, a RAM, searchers of maximum, and conditional commutators.