In addition to the Company’s flagship Diamba Sud project, Chesser holds a 100% interests in Diamba Nord.
This regional licence is 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.