Special Report: Chesser Resources’ (ASX:CHZ) drilling has extended sulphide gold mineralisation at its flagship Diamba Sud project in Senegal.

Drilling along the northeast-southwest striking structure at Area A, which remains open to the southwest and at depth, has confirmed continuity and extended mineralisation in fresh rock.

Notable results are 13m at 4.96 grams per tonne (g/t) gold from 115m including 2m at 12.71g/t gold from 117m and 2m at 10.94g/t gold from 125m along with 4m at 10.34g/t gold from 99m.

Managing director Mike Brown explained that the initial results from Area A have further defined the nature of control on mineralisation on one of the southwest-northeast trending structures and extended it to the southwest.

“The continuity of the mineralisation, which is relatively shallow and in fresh rock, is very encouraging, with results pending from further step out drilling to the southwest,” he noted.

“The drilling has confirmed that the northeast-southwest structures play a significant role in the mineralisation distribution.”

chesser resources diamba sud gold drilling cross section
Cross section showing new holes and wide mineralisation in the subvertical southwest-northeast trending fault. Pic: Supplied

Brown added that the company is waiting on the results from the additional step out holes on the southwest extensions and holes testing the potential extension of the southeast striking high-grade dilational structure drilled at Area A.

“Drilling has recommenced and we are looking forward to advancing this significant program with approximately half of the 20,000m program completed.”

Next steps

Chesser has reverse circulation and diamond drill rigs operating at Area D to follow up on the exceptional results reported from the first pass drilling at that prospect.

Drilling will focus on testing extensions to the northeast, north and northwest of both the oxide and sulphide mineralised zones.

The company also plans to test greenfields targets at Western Splay and Southern Arc early in 2021.

Additionally, it is planning to extend gradient array induced polarisation geophysics over large parts of the northern Diamba Sud block early in 2021.

This article was developed in collaboration with Chesser Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.