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Chesser Resources recommences drilling at Northern Arc gold discovery in West Africa

The 4,500+ metre drill program aims to confirm the controls and potential extensions to previously reported high-grade gold intersections.

Chesser Resources Limited - Chesser Resources recommences drilling at Northern Arc gold discovery
Notably, Chesser is fully funded for all planned activities

Chesser Resources Ltd (ASX:CHZ) has commenced drilling at its flagship Diamba Sud Project in eastern Senegal.

The drilling will target Area A and Area D within the Northern Arc discovery area where previous drilling intersected 21 metres at 6.62 g/t gold from 53 metres.

Drilling will consist of at least 2,000 metres of diamond drilling and 2,500 metres of reverse circulation (RC) drilling with first assays expected by late December 2019.

Potential to be transformation upcoming period

Chesser’s managing director Mike Brown said: “We are delighted to have recommenced drilling at our Northern Arc discovery so early in the field season.

“The diamond drilling will assist us in improving our understanding of the controls to this high-grade gold system with the exploratory RC drilling designed to test possible extensions of the overall footprint.

“By late November we will have attended two major mining conferences in Europe and the UK to grow investor awareness of Chesser in this traditionally Africa-centric marketplace.

“We look forward to sharing regular progress updates as we embark on this potentially transformational period for the company.”

Proactive last caught up with Chesser in Canada during September for an update.

Quick facts: Chesser Resources Limited

Price: 0.087 AUD

ASX:CHZ
Market: ASX
Market Cap: $28.48 m
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Full interview: Chesser Resources unveils 'really encouraging' phase 3 drill...

Chesser Resources Limited (ASX:CHZ) CEO Mike Brown tells Proactive the gold exploration company is encouraged by final drilling results from phase 3 drilling at the Diamba Sud Gold Project in Senegal, West Africa, which have extended the Area A discovery within the Northern Arc target. Brown...

on 12/3/20

2 min read