In addition to the Company’s flagship Diamba Sud project, Chesser holds 100% interests in two regional projects: Diamba Nord and Youboubou.
These regional licences are located within the Birimian Kédougou-Kéniéba Inlier in the south Eastern corner of Senegal.
The Diamba Nord project consists of two exploration tenements totalling approximately 242km2. The Project is located in south Eastern Senegal, lying within the Birimian aged West African Craton, host to multiple multi-million-ounce gold operations and projects (Figure 1).
The Project sits within the northern part of the Mako Series of greenstone volcanic and sediments. The Mako Series is bound to the west by the Hecynian Mauritanides Orogenic belt, and to the east by the sediment-dominated Diale-Dalema Series, bounded by the Main Transcurrent Zone (“MTZ”) shear.
The Mako Series hosts Senegal’s first commercial gold mining operation, Sabadola, as well as numerous other million-ounce operations (Mako) and projects (Massawa).
Exploration work to date has consisted of rock chip geochemistry, mapping and auger sampling. Numerous lower level gold geochemical anomalies have been detected, and pending completion of reconnaissance of the southern block, follow-up exploration activities are expected to be planned.
The Youboubou Project consists of a 113km2 exploration tenement located in south Eastern Senegal. The project lies within the Birimian aged West African Craton, host to multiple multi-million- ounce gold operations and projects (Figure 1). The project straddles the sediment-dominated Diale-Dalema Series and the felsic volcanics and sediment Faleme Series to the east.
Work to date has focussed on areas of the tenement where the prospective felsic volcanics and sediments occur on the Eastern flanks of the permit. The Company is continuously evaluating options to upgrade its gold exploration portfolio.