Chesser’s projects are located in Senegal within Birimian-age greenstone belts comprising the Kédougou-Kéniéba Inlier (“KKI”), which hosts over 45 million ounces of gold and numerous world class gold deposits.
The projects are located along or nearby two major regional structures:
- The Senegal Mali Shear Zone (“SMSZ”) that hosts numerous world class gold mines, including Loulo (12.5Moz), Gounkoto (5.5Moz) and Fekola (7.2Moz) in Mali.
- The Sabodala Shear Zone on the Mako Belt that contains Sabodala (5.4Moz), Massawa (3.0Moz) and Mako (1.0Moz) mines in Senegal.
Chesser currently holds or has under application ~1,000km2 of highly prospective ground in this underexplored world-class gold region.
At Diamba Sud, Chesser’s flagship Project, two shallow high-grade gold discoveries have been made at Area A and Area D, within the SMSZ orogenic belt.
Diamba Sud is located on a 50-60km stretch of highly prospective geological terrain in Senegal on which both Barrick and IAMGold have also identified gold mineralisation. It is likely that a commercial gold mining operation developed in the near future.