Chesser Resources (ASX:CHZ) - Non Executive Chairman, Mark Connelly
Non Executive Chairman, Mark Connelly
Source: Oklo Resources
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  • Chesser Resources (CHZ) reports phase seven drill results from 33 reverse circulation holes drilled at its Diamba Sud project in Senegal
  • The company says it has defined shallow, high-grade mineralisation over 125 kilometres of strike at Area H
  • Resource definition drilling at Area H is planned to commence in early 2022 with a scoping study also planned at the company’s nearby Area D and Area A deposits
  • The company also says systematic exploration of the prospective targets on the tenement including Western Splay will also be conducted
  • Shares have been trading steady at 11.5 cents

Chesser Resources (CHZ) reports phase seven drill results from 33 reverse circulation holes as part of its Diamba Sud project in Senegal.

This phase of drilling targeted three prospects including Area H, Western Splay and Area E.

The company said eight holes drilled at Area H with lengths between 10 metres and 53 metres consist an average grade of 3.7g/t gold per hole.

Additionally the company reportedly defined shallow, high-grade mineralisation, over 125 kilometres of strike at Area H. The discovery remains open along strike and depth. Resource definition drilling at the site is planned to commence in early 2022.

Located around 1.2 kilometres northwest of Area H, a scoping study has commenced at the Area A and Area D deposits. The company says the aim of the study is to demonstrate the expected robust economics of the current resource base.

The company says systemic exploration of the prospective targets on the tenements including Western Splay will also be conducted. The company also says regional exploration over the Diamba Nord tenement has commenced and will continue into the new year.

Shares were trading steady at 11.5 cents at 12:02 pm AEDT.

CHZ by the numbers
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