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 877km2 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.