Chesser Resources (ASX:CHZ) is an ASX listed Company with a registered office in Brisbane (Australia) and a regional office in Dakar (West Africa).
Chesser is actively exploring for gold in Eastern Senegal within the highly prospective Kédougou-Kéniéba Inlier (“KKI”), which straddles the borders of Senegal and Mali.
Modern exploration for gold in Senegal only commenced in 2003, with the introduction of a new Mining Code. As such, exploration and discovery of multi-million-ounce orogenic gold deposits and the development of world-class gold projects had been confined to the Mali side of the KKI.
Senegal is emerging as a highly prospective region for the discovery of large-scale orogenic gold deposits due to its favourable geology (the same Birimian greenstone belts that host the Mali deposits) and lightly explored status.
Chesser’s projects are ideally located within two highly prospective belts, with the Company having successfully located high-grade targets for further exploration. The Company believes the combination of the underexplored and prospective nature of its land package will create opportunities for a significant gold discovery.
The Board and Management of Chesser offer a blend of exceptional technical and financial management skills and experience. Chesser has a team of experienced exploration professionals and diligent public Company management, with a track record of both exploration discovery and Company success.
Chesser is focused on exploring its three projects located in Eastern Senegal which cover over 400km2 on the gold-bearing Kédougou-Kéniéba Inlier, a northwest extension of the world-class Birimian greenstone belt that forms part of the West Africa Craton.
The Company’s flagship Diamba Sud Project is close to numerous mines and recent multi-million-ounce discoveries along the regionally significant Senegal-Mali Shear Zone (SMSZ).
Exploration undertaken by Chesser at Diamba Sud has identified multiple large high-grade gold anomalies over significant extents, providing the Company with promising exploration targets on which to focus future exploration activities.
Since 2000, when the ruling Socialist Party, which had governed Senegal for forty years following independence from France, lost the elections Senegal has developed into one of very few stable democracies in West Africa.
Developments in the Mining Code have also assisted in Senegal developing into a standout West African mining destination with a stable democracy accompanying growth in direct foreign investment.