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Company News
Gold sector poised for a takeover rush
It’s not a feeding frenzy yet, but a close look at the gold sector shows that conditions are perfect for a takeover rush. Newmont’s $26 billion bid for Newcrest is the best example of what’s happening at the top end of gold. Barrick, Newmont’s arch-rival for the title of world’s biggest goldminer, is poised to […]
Chesser Resources agrees to $89m takeover by Fortuna Silver Mines
Chesser Resources (ASX: CHZ) is set to be bought out by Canadian-listed Fortuna Silver Mines Inc (TSX: FVI) for an implied transaction value price of $89 million. Chesser announced this morning it had entered into a binding scheme of arrangement which would see Fortuna acquire all of its fully-paid ordinary shares for a consideration of […]
Chesser Resources reports ‘spectacular’ hits during drilling at Diamba Sud gold project
Chesser Resources (ASX: CHZ) has announced multiple “spectacular” high-grade gold hits during drilling at its flagship Diamba Sud gold project in West Africa. Drilling at the Area D target intersected thick, shallow, high-grade oxidised gold mineralisation across a 200m wide zone in five adjacent holes. Results were 48m at 6.70 grams per tonne gold from […]
Chesser Resources hits new mineralised area in West Africa’s elephant gold region
Latest drilling at the Senegal project owned by Chesser Resources (ASX: CHZ) has hit a new mineralised structure located just 5km from its primary discovery. The newly discovered mineralised structure at the Diamba Sud project is approximately 11m wide. Chesser reports an intersection over 22m at 2.12 grams per tonne gold, beginning at 36m downhole. […]
Chesser Resources confirms new high-grade gold results from Northern Arc target
First assay results from a phase three drilling program by Chesser Resources (ASX: CHZ) at its flagship Diamba Sud project in eastern Senegal have confirmed the discovery of high-grade gold mineralisation. Assays received from zones of intense hydrothermal alteration in the first diamond holes drilled at Area A within the project’s Northern Arc target confirmed […]
Chesser Resources reports high-grade results from Diamba Sud gold project
A recently-completed phase two drilling program by Chesser Resources (ASX: CHZ) at its flagship Diamba Sud gold project in eastern Senegal has returned up to 9.53 grams per tonne gold. Six reverse circulation holes were drilled along Line A of the project’s Northern Arc target to test an area immediately adjoining significant intercepts encountered earlier […]
Chesser Resources strikes high-grade gold at Diamba Sud project
First pass reverse circulation drilling at Chesser Resources’ (ASX: CHZ) flagship Diamba Sud project in eastern Senegal has successfully intersected high-grade gold mineralisation. The company released details to the market today of assays from the first phase of its planned 5,000 metre drill program, with significant shallow gold intersections encountered within the first 12 holes. […]
Chesser Resources intersects high-grade gold in fresh rock at Diamba Sud project
Chesser Resources (ASX: CHZ) has uncovered multiple high-grade gold intersections in fresh rock at its flagship Diamba Sud project in eastern Senegal. The company released details of assay results received from the second and third reverse circulation (RC) drill traverse testing the extensive Northern Arc target within the project. Numerous high-grade gold intercepts within fresh […]