Chesser Resources Limited provided an update on the exploration and development activities from the Diamba Sud Gold Project in Senegal, West Africa. Assay results were also returned from forty rock chip samples over various prospects on the Diamba Sud tenement. Karakara is located 1.2km southwest of Area D and over a geochemical anomaly coincident with the interpreted trend of the Northern Arc structure.

Drilling has defined shallow, high-grade mineralisation over 200m of strike. Mineralisation appears to be predominantly associated with quartz-carbonate-hematite-albite-pyrite alteration within hydrothermally altered brecciated sedimentary rocks, however mineralisation in the granites has also been observed. The north-south trending, east dipping sedimentary sequence is bounded by granite to the east and west.

The geometry of the mineralisation is complex but may be associated with folding and an anticlinal structure observed in core and geophysics. Results were returned from four DD and nineteen RC holes which confirms the main high-grade mineralised structure at Karakara . DSDD074 was drilled on section line 1,428,200mN and under cuts the previously reported DSDD070 drilled below the historical artisanal workings.

Results returned multiple high-grade intercepts supporting the results in the adjacent drill hole (Figure 5). Mineralisation remains open to the south and at depth in this area.