Announcement Date: 2022-07-04
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Chesser Resources Ltd.
Project name: Diamba Sud
Location: Senegal
Commodities: Gold
Highlight: Drilling results incl. 51m @ 5.1g/t Au from 31m
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 provide an update on the exploration and development activities from the Diamba Sud Gold Project in Senegal, West Africa. This release reports on the third batch of assay results from the Phase 8 drill program and includes Karakara is located 1.2km southwest of Area D and over a geochemical anomaly coincident with the interpreted trend of the Northern Arc structure. Drilling has defined shallow, highgrade mineralisation over 200m of strike. Mineralisation appears to be predominantly associated with quartz-carbonate-hematite-albitepyrite alteration within hydrothermally altered brecciated sedimentary rocks, however mineralisation in the granites has also been observed. The north-south trending, east dipping sedimentary sequence is bounded by granite to the east and west. The geometry of the mineralisation is complex but may be associated with folding and an anticlinal structure observed in core and geophysics. Results returned from three DD holes confirm the main high-grade mineralised structure at Karakara (Figure 1).
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