Chesser Resources: CHZ Chesser now owns 100% of the Kestanelik...

Chesser Resources: CHZ Chesser now owns 100% of the Kestanelik Gold Project in Turkey. Drilling results to date point to the existence of a substantial resource at the project. Results to date have included many high grade hits including recent results of 10.5m @ 8.3g/t Au and 11.5m @ 13.5g/t Au including 9.6m @ 16g/t Au. More than 80% of the high grade vein targets remain untested so the potential for at least a million ounce deposit is real. Cash in the bank as at 31st of December was $5.8m so there is no need to tap the market at this stage. News Due: Further drilling results from the 10,000m drilling campaign at the Kestanelik gold project which is due to be completed by the end of the quarter. Commencement of the next exploration program comprising 30,000m of RC and diamond drilling. Price Target: The stock has been in a downtrend since early February and finally broke up through the trend line on Friday. The first target upon confirmation from today's trading as 90 cents. Disclosure: Holding CHZ