AMN - SENEGAL: Chesser’s high-grade gold at Diamba Sud

Chesser Resources has received assays of up to 18 metres at 5.61 g/t gold in the first batch of results from drilling at the flagship Diamba Sud Project in eastern Senegal. There have been 51 holes completed for 3,485 metres in the 5,000-metre phase one reverse circulation (RC) program.

This program is expected to be completed by the end of this month with further assays expected shortly.

Highlights from the first 12 holes: 18 metres at 5.61 g/t from 6 metres, including 8 metres at 11.84 g/t from 14 metres; 10 metres at 2.72 g/t from 19 metres, including 1 metre at 16.3 g/t from 23 metres; 8 metres at 3.48 g/t from 34 metres, and 11 metres at 1.16 g/t from 19 metres.

Results have been received from the first traverse drilled across the Northern Arc target, testing a 2.5-kilometre-long by up to 500-metre-wide saprolite-hosted auger geochemical gold anomaly.

Chesser’s managing director and CEO Mike Brown said: “We are excited that first pass drilling has successfully intersected shallow, high-grade gold mineralisation at such an early stage in the drilling campaign.

“To intersect 18 metres at 5.61 g/t gold in oxide from 6 metres is extremely encouraging and demonstrates the highly prospective nature of the project.

“The phase 1 drilling program continues at Diamba Sud, systematically testing priority targets. In the coming months, the company looks forward to a steady stream of news flow as we continue to announce results as they become available.”

The 53.2-square-kilometre Diamba Sud project consists of two blocks, DS1 and DS2.

Phase I drilling targeted DS1, which is 7 kilometres west of the 5.5 million ounce Gounkoto mine.

Diamba Sud is about two kilometres west of the Senegal Mali Shear Zone, a major regional structures host to numerous multi-million-ounce gold deposits, including B2Gold’s 7.1 million ounce Fekola mine, Barrick’s 18 million ounce Loulo-Gounkoto complex and IAMGold’s Sadiola and Yatela mines.

The company holds about 400 square kilometres of highly prospective ground in this underexplored world-class gold region.

Following the interpretation of all the results from the phase one program, a follow-up phase of RC drilling is expected that will comprise another 5,000 metres.

Earlier this year, Chesser raised more than A$900,000 in a placement and subsequent subscription agreement.

www.chesserresources.com.au