logo-loader
viewChesser Resources Limited

Chesser Resources in trading halt ahead of capital raising

The trading halt will be in place until March 30 or when an announcement is made.

Chesser Resources Limited - Chesser Resources in trading halt ahead of capital raising
Chesser’s flagship project is the Diamba Sud Project in Senegal, West Africa

Chesser Resources Ltd (ASX:CHZ) is in trading halt ahead of a proposed capital raising.

The trading halt will remain in place until the beginning of trade on March 30 or when an announcement is made to market, whichever occurs earliest.

West Africa exploration

Chesser has had recent success in its exploration for ‘gold elephants’ with high-grade gold found at its flagship Diamba Sud Project in Senegal, West Africa.

The project is around 2 kilometres west of the Senegal Mali Shear Zone (SMSZ), which hosts numerous multi-million-ounce gold deposits including B2Gold Corp’s (TSE:BTO)(NYSEAMERICAN:BTG) 7.6 million ounce Fekola Mine, Barrick Gold Corp’s (NYSE:GOLD) 18 million ounce Loulo-Gounkoto complex and AngloGold Ashanti Limited (NYSE:AU) and Iamgold Corp’s (NYSE:IAG) Sadiola and Yatela mines.

Diamond drilling in Area A confirmed high-grade gold in a steeply dipping feeder structure by returning 21 metres at 2.29 g/t from 156 metres including 2.5 metres at 6.07 g/t, and 16 metres at 8.51 g/t including 10 metres at 13.11 g/t gold.

Quick facts: Chesser Resources Limited

Price: 0.046 AUD

ASX:CHZ
Market: ASX
Market Cap: $13.13 m
Follow

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Chesser Resources Limited named herein, including the promotion by the Company of Chesser Resources Limited in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Chesser Resources has high grade gold discovery at Diamba...

Chesser Resources (ASX: CHZ) Managing Director Mike Brown joined Steve Darling from Proactive Vancouver to discuss their project in Senegal. Chesser undertaking two small drill programs with success. Brown talks about what they have discovered and what the next steps they are planning at...

on 11/9/19

2 min read