- Chesser Resources (CHZ) has received final drilling results from Area D, which is part of the Diamba Sud Gold Project in Senegal, West Africa
- Chesser completed 20,000 metres of drilling across the project, and drilling at Area D was targeting the extent of the high-grade oxide zone and fresh rock sulphide mineralisation
- Drilling intersected high-grade oxide and fresh mineralisation to the east and also discovered oxide and sulphide mineralisation on the western boundary
- The company plans to conduct another 14,000 metres of drilling and hopes it will have enough data to deliver a maiden resource estimate for Area A and Area D
- Chesser’s shares are trading flat at 15 cents
Chesser Resources (CHZ) has received the final batch of results from drilling at Area D within the Diamba Sud Gold Project in Senegal, West Africa.
Diamond and reverse circulation (RC) drilling at Area D targeted the extent of the high-grade flat lying oxide zone and the underlying fresh rock sulphide mineralisation.
Pleasingly, drilling intersected high-grade oxide and fresh mineralisation on the area’s eastern boundary. Results include 11.9 metres at 3.5g/t gold from nine metres, 4.9 metres at 5.3g/t gold from 69 metres and 9.5 metres at 3.6g/t gold from 79.5 metres.
Drilling also confirmed oxide mineralisation on the western margin of Area D. Best results include 11 metres at 1g/t gold from 24 metres, two metres at 22.6g/t gold from 16 metres and three metres at 3.2g/t gold from 40 metres.
In addition, the program identified sulphide mineralisation with results including nine metres at 2.4g/t gold from 83 metres and 10 metres 3g/t gold from 60 metres.
“These results are consistent with previous drill data and give us confidence on the grade distribution within the oxide and help verify our geological model in the. area,” CEO Andrew Grove said.
Most results have now been received for the 20,000-metre drilling program, however, some are still pending from the Western Splay and Southern Arc targets.
Chesser plans to drill another 14,000 metres after the Easter break. This program is designed to infill and extend mineralisation and better understand its controls.
The company expects that after this phase of drilling, it will have enough data to complete a maiden resource estimate over Area A and Area D.
Chesser’s shares are trading flat at 15 cents at 12:47 pm AEST.