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Chesser Resources Ltd.
Summary
| Project: | Diamba Sud | |
|---|---|---|
| Deposit: | Diamba Sud | |
| Location: | Senegal | |
| Commodities: | Gold | |
| Date: | 5/14/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-5-2019: Chesser Resources Ltd. announces an Exploration/Drilling Update report for its Diamba Sud deposit at the Diamba Sud project. Drilling results incl. 19m @ 1.49g/t Au from 39.0m . “The highly promising results received from our first pass RC dril | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gareth O'Donovan (Internal) | |
| ABSTRACT: | “The highly promising results received from our first pass RC drilling program at Diamba Sud has outlined at least three high quality targets for immediate follow-up drill testing. The geological attributes of these targets are considered very similar to the nearby world-class deposits associated with the SMSZ. In particular, the Gounkoto, Fekola and Loulo gold deposits, which range from 5.5 to 12 million ounces in size, are spatially associated with splays extending from the SMSZ, and have a marked potassic alteration with pyrite as the dominant sulphide mineral. Taking into consideration the results from the first phase of drilling, this bodes well for the future discovery potential at Diamba Sud and we look forward to further encouraging developments on this front in the upcoming RC drilling program which is expected to commence shortly.”- said Mike Brown, Managing Director and CEO of Chesser Resources Chesser Resources Limited (“Chesser” or “the Company”; ASX:CHZ) is pleased to announce the receipt of final assay results from the Phase 1 RC drilling program at its flagship Diamba Sud Project, located in eastern Senegal (Figure 1). Covering 53.2km2 over the gold-bearing Kedougou-Kenieba Inlier, Diamba Sud consists of two blocks referred to as DS1 in the north and DS2 in the south. The Project is located ~2km to the west of the Senegal Mali Shear Zone (SMSZ), a major regional structure and host to numerous multi-million ounce gold deposits including; B2Gold’s 7.6Moz Fekola mine, Barrick’s 18Moz Loulo-Gounkoto complex and IAMGold’s Sadiola and Yatela mines. DS1 lies 7km to the west of the 5.5Moz Gounkoto mine. | |
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