Chesser Resources increases Landholding Around Diamba Sud
THE DRILL SERGEANT: Chesser Resources (ASX: CHZ) has been granted two new tenements in Senegal, West Africa.
The first is the new Bondala license, which at 207 square kilometres increases the company’s landholding adjacent to and around its Diamba Sud gold project.
Chesser described Bondala as being contiguous to the north of the Diamba Sud tenement covering an area it considers prospective.
The second new Mourichou license covers 431sqkm over an area of Mako series rocks and is located near the Sabodala shear zone and close to Chesser’s Diamba Nord project tenements.
Each tenement is valid for a period of 10 years with an initial term of four years and renewable for a further two periods of three years each.
Eanwhile, Chesser has commenced drilling at its new discovery area – Karakara (formerly Area H) as part of the next drill campaign with results expected to be received from April 2022 while Scoping Study results for Area A and Area D are expected to be released in March 2022.
“Drilling has commenced at Karakara as part of a larger drilling campaign to add resources and further test the significant emerging potential of the Diamba Sud Project,” Chesser Resources MD and CEO Andrew Grove said in the compay’s ASX announcement.
“Karakara is shaping up to be a very exciting new discovery and we expect to deliver the first drilling results early next quarter.
“The Scoping Study is progressing well with results due next month and we look forward to demonstrating the significant value inherent in the high grade, near surface mineralisation identified to date.
“We are also very pleased with the grant of the new tenements which adds significantly to land position in Senegal and covers some highly prospective geological terrains especially adjacent to our Diamba Sud tenement.
“Exploration planning is underway on how best to evaluate these new tenements and we expect to generate new targets and hopefully new discoveries in the future from these areas.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: info@chesserresources.com.au
Web: www.chesserresources.com.au