Chesser Resources (ASX:CHZ) - CEO & Managing Director, Mike Brown
CEO & Managing Director, Mike Brown
Source: 121 Mining Investment Events
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  • Chesser Resources (CHZ) has restarted reverse circulation (RC) drilling at three priority targets within the Diamba Sub Gold Project in Senegal, West Africa
  • This 4000-metre program will test the extent of mineralisation at area A, and the southeast extension at area D
  • The highly prospective Western Splay target will also be drilled
  • This program is expected to be completed by late June and results are expected in the same month
  • Chesser has ended the day 11.9 per cent in the green with shares trading for 6.6 cents each

Chesser Resources (CHZ) has restarted reverse circulation (RC) drilling at three priority targets within the Diamba Sub Gold Project.

The Diamba Sud Gold Project is located in Eastern Senegal in Africa and covers an area of 53.2 square kilometres over the gold-bearing Kédougou-Kéniéba Inlier.

The project is highly prospective due to its close proximity to world-class deposits and its minimal exploration.

Chesser recently received approval from the Mining Ministry for a 4000-metre reverse circulation (RC) drilling program with International Drilling Company (IDC).

This program will test the strike extensions of the high-grade mineralisation at area A, the southeast extension of the mineralised host structure at area D, and the untested and highly prospective Western Splay target.

This program is expected to be completed by late June and results are expected in the same month.

“Following the transformational results from the Phase 3 drilling program, we are now focusing on extending the system hosting the high-grade gold mineralisation at Area A,” Managing Director and CEO Mike Brown commented.

“With Senegal emerging as a standout gold exploration and mining jurisdiction in West Africa, this is an exciting and pivotal period for Chesser to add to what has already been discovered to date,” he said.

“Notwithstanding the current challenges associated with the COVID-19 pandemic, we anticipate that there is sufficient time to complete the drilling program prior to the expected onset of the wet season during July,” he added.

Chesser has ended the day 11.9 per cent in the green with shares trading for 6.6 cents each in a $19.31 million market cap.

CHZ by the numbers
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