Join our daily newsletter At The Bell to receive exclusive market insights
- Chesser Resources (CHZ) identifies new high priority prospect after it received assay results from its phase 8 drill program at its project in Senegal, West Africa
- 15 rock chip samples were taken from Kassassoko artisanal pit which returned gold results averaging 3.8 grams of gold per tonne, with a maximum result of 10.3 grams of gold per tonne
- The Kassassoko site is located 2.5km south of Karakara
- The company says drilling results from Karakara are continuing to confirm high grade mineralisation
- Company shares are up 2.15 per cent and traded at 9.5 cents per share at 2:32 pm AEST
Chesser Resources (CHZ) have identified a new high priority target after it receiving assay results from its phase eight drilling program at the Diamba Sud golf project in Senegal, West Africa
The company took 15 rock chip samples from its Kassassoko artisanal pit, located 2.5km south of Karakara at the Diamba Sud tenement.
Chesser said the assays returned “significant” gold results averaging 3.8 grams of gold per tonne, with a maximum result of 10.3 grams of gold per tonne.
Mineralisation appears to be hosted within an east-west sheared and stock worked granite with associated pyrite alteration.
According to the company, drilling results at its Karakara prospect are continuing to define the high grade structure which remains open to the south-east.
“Mineralisation is also hosted in the granite, something we have not seen in the area previously and may open the possibility to large Cale mineralisation,” Managing Director and CEO Andrew Grove said.
The company plans to drill the prospect as soon as possible.
Company shares were up 2.15 per cent and traded at 9.5 cents per share at 2:32 pm AEST.
