| Announcement Date: | 2021-11-16 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Chesser Resources Ltd. |
| Project name: | Diamba Sud |
| Location: | Senegal |
| Commodities: | Gold |
| Highlight: | Updated Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Chesser Resources Limited (“Chesser” or “the Company” (ASX:CHZ)) is pleased to report on its maiden Mineral Resource estimate (“Resource”) over Areas A and D at the Diamba Sud Gold Project in Senegal, West Africa. The Diamba Sud Gold Project covers an area of 53.2km2 and is located in eastern Senegal within the highly prospective Senegal Mali Shear Zone orogenic belt. The Project is located 12km southwest of Barrick’s Loulo mine (12.5 million ounces) and only 7km west of Barrick’s Gounkoto mine (5.5 million ounces), both across the border in Mali. The Project was acquired in 2017 by Chesser and a tenement wide auger drilling program identified extensive gold anomalism over large areas of the tenement which forms part of a much larger system extending to the east into Barrick’s Bambadji JV and covers an area of approximately 15km x 15km. Drilling identified very high-grade near surface oxide mineralisation at Area D in July 2020 with intercepts including: 48m @ 6.7g/t gold from 24m (DSR155)2 . Approximately 32,000m of drilling has been undertaken since, primarily focused on identifying and defining the mineralisation at Area A and Area D. |
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