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- Chesser Resources (CHZ) has hit a new area of mineralisation at its Diamba Sud Gold Project in Senegal, West Africa
- The company undertook a phase four drilling program of nine holes
- The 11 metre-wide mineralised structure yielded up to 13.90g/t gold
- The results have highlighted a potential 500 metres strike length that’s open along strike and in both directions
- Assays for five holes are pending from the Western Splay target as well as 21 holes from Areas A and D
- Company shares have dropped 4 per cent and are trading for 9.6 cents each
Chesser Resources (CHZ) has hit a new area of mineralisation at its Diamba Sud Gold Project in Senegal, West Africa.
In this phase four drilling program, nine holes were drilled at the Western Splay area.
The nine holes drilled were chosen based on geochemical auger anomalies and results from historical drilling that was never followed up.
Results reported today account for four reverse circulation (RC) holes, for 357 metres.
The company has intersected a mineralised structure that was previously intersected 200 metres to the southeast in historical drilling.
Additionally, drilling has identified a subvertical brecciated structure with mineralisation associated with quartz-carbonate-pyrite infill and strong albite alteration. The true width of the main mineralised structure is roughly 11 metres.
The Western Splay area is a highly prospective target and its sub-structures appear to be associated with AfriGold’s Karakaene mining operation which lies immediately west of Diamba Sud’s boundary.
Best results include 22 metres at 2.12g/t gold from 36 metres including one metre at 13.90g/t gold from 54 metres.
The results highlight the extensive exploration potential at the Western Splay area with the potential for 500 metres of strike length open in both directions.
“We are excited to report that the first line of holes across the interpreted extension of mineralisation intersected in historical drilling at the Western Splay target has confirmed strike extension of the mineralisation,” Managing Director and CEO Mike Brown said.
Assay results for the remaining five RC holes are pending as well as a further 21 holes from Areas A and D.
Company shares have dropped 4 per cent and are trading for 9.6 cents each at 2:04 pm AEST.
