- Chesser Resources (CHZ) has entered a trading halt, pending the release of a capital raising announcement
- The halt will remain until the earlier of July 10, or when the announcement is released
- In June, Chesser intersected gold grading up to 10.67 grammes per tonne from its Diamba Sud Gold Project in Senegal
- Results helped confirmed the presence of a potentially significant mineralised gold trend
- Chesser last entered a trading halt in March ahead of a $1.68 million placement
- Shares in Chesser last traded for 8.9 cents each on July 7
Chesser Resources (CHZ) has entered a trading halt, pending the release of a capital raising announcement.
The company will remain in the halt until July 10 or when the announcement is released, whichever occurs first.
In June, Chesser received high-grade gold results from its Diamba Sud Gold Project in Senegal, West Africa.
Significant results include 12 metres at 3.86g/t gold from 14 metres, including four metres at 10.67g/t gold, and 15 metres 2.98g/t gold from 72 metres, including four metres at 7.35g/t gold from 80 metres.
These results helped confirm the presence of a potentially significant mineralised gold trend.
Chesser last entered a trading halt in March ahead of a $1.68 million placement.
A few days later the company completed the placement and stated it will use the money for reverse circulation and diamond drilling at Diamba Sud.
Shares in Chesser last traded for 8.9 cents each on July 7.