| Announcement Date: | 2022-08-17 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Chesser Resources Ltd. |
| Project name: | Diamba Sud |
| Location: | Senegal |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 2m @ 201g/t Au from 2m |
| 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 fourth batch of assay results from the Phase 8 drill program and includes Step out drilling on the western margin of Area D intersected numerous shallow mineralised intervals (Figure 1) outside the existing Mineral Resources and the Scoping Study pit shell. These drill results should add to the Mineral Resource inventory in this area when updated later in the year. Mineralisation remains open to the west. Western margin drill intercepts included Mineralisation in both holes is associated with hydrothermal brecciation and quartz-carbonatehematite-albite-pyrite alteration in sedimentary breccia rocks consistent with high-grade mineralisation observed at Area A. Both intercepts are isolated for other mineralisation and may be connected horizontally, similar to the high-grade lode development at Area A and Karakara. |
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