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Chesser Resources Ltd.
Summary
| Project: | Diamba Sud | |
|---|---|---|
| Deposit: | Diamba Sud | |
| Location: | Senegal | |
| Commodities: | Gold | |
| Date: | 9/3/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-9-2019: Chesser Resources Ltd. announces an Exploration/Drilling Update report for its Diamba Sud deposit at the Diamba Sud project. Drilling results incl. 53m @ 2.61g/t Au from 57m. Chesser Resources Limited (“Chesser” or “the Company”; ASX:CHZ) is ple | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gareth O'Donovan (Internal) | |
| ABSTRACT: | Chesser Resources Limited (“Chesser” or “the Company”; ASX:CHZ) is pleased to announce the receipt of final assay results from the recently completed Phase 2 RC drilling program at its flagship Diamba Sud Project, located in eastern Senegal (Figure 1). The Phase 2 drilling program within the northern block of Diamba Sud (DS1) was completed in mid-July, with a total of 26 RC holes drilled for 2,873m. Results from the Line A and F areas, within the Northern Arc Target, and the Western Flank were announced to the ASX on 26 August 2019 with wide, high-grade gold intersections returned along two 100m-spaced sections at Line A. The remaining holes reported in this release are from the Line D area within the Northern Arc Target following up on the significant mineralisation encountered in the Phase 1 drilling program completed earlier in the year (Figure 2). “These final highly encouraging drill results confirm the presence of areas of significant gold mineralisation along a significant structure within the Northern Arc Target. This is in addition to the previously announced discovery at the Line A area. In particular, the overall length of the mineralisation intersected in hole DRS0103 is exceptional, as is the mineralisation across the intersected structure. This may represent a high-grade shoot, with detailed drilling required to confirm the full extent of these emerging zones of gold mineralisation. Planning is underway for the next phase of follow-up drilling scheduled to commence immediately following the wet season. We look forward to updating the market in the near future on our future plans for the Northern Arc discovery.”- commented Mike Brown, Managing Director and CEO of Chesser Resources | |
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