14th MAY 2019
DIAMBA SUD DRILLING IDENTIFIES
THREE HIGH GRADE GOLD TARGETS FOR
•Assay results received from the final 22 (RC) holes drilled at Chesser’s flagship Diamba Sud Project in Senegal.
•Further shallow gold intercepts encountered, including:
•6m at 4.70g/t gold from 26m, saprolite
•19m at 1.49g/t gold from 39m, fresh rock
•4m at 6.51g/t gold from 26m including 2m at 12.00g/t gold, saprolite
•17m at 1.33g/t gold from 20m, fresh rock
•2m at 5.84g/t gold from 49m, fresh rock
•6m at 1.19g/t gold from surface, saprolite
•7m at 1.14g/t gold from 33m, fresh rock
•4m at 2.67g/t gold from surface, saprolite
•4m at 2.33g/t gold from 12m, saprolite
•All Phase 1 program results now received with three large gold targets delineated for
•The targets exhibit similar characteristics to other large gold systems in the region, including the nearby
•Spatially related to splays off the Senegal Mali Shear Zone (SMSZ)
•Northerly trend of mineralisation
•Association of potassic alteration with mineralisation and pyrite with high gold grades
•Northern Arc target: a 1km wide zone with numerous
•Western Flank target: a potential trend of up to 10km in length, as defined by artisanal workings, an aeromagnetic feature (potential splay off the SMSZ) and supported by drill hole intersections from Chesser’s Phase 1 program and previous drilling.
14th MAY 2019
•Southern Zone target: numerous widespread drill intersections located 200m to the northwest of significant previous drill results (including 14m at 2.85 g/t gold, including 4m at 4.43g/t gold) 1
“The highly promising results received from our first pass RC drilling program at Diamba Sud has outlined at least three high quality targets for immediate
Chesser Resources Limited (“Chesser” or “the Company”; ASX:CHZ) is pleased to announce the receipt of
final assay results from the Phase 1 RC drilling program at its flagship Diamba Sud Project, located in eastern Senegal (Figure 1).
Covering 53.2km2 over the
The Project is located ~2km to the west of the Senegal Mali Shear Zone (SMSZ), a major regional structure and host to numerous
The Company currently holds ~400km2 of highly prospective ground in this underexplored
1Refer to 3 April 2017 ASX announcement for details of 2016 drill results released. The Company is not aware of any new information or data that materially affects the information contained in that announcement.
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