tony locantro

Also great to get an upbeat view from a different source. Locantro.com - just need patience, patience and more patience!

Dear Subscriber

Despite the high-grade results and robust scoping study, CHZ hasn’t been immune to the gold sector smackdown. Although the USD gold price has recovered to $1475 (current) there has been considerable follow through (i.e technical) selling and these results are one for the memory bank as the markets improve. CHZ have released another solid quarterly report which indicates a resource update at Kestanelik by the end of the June quarter, and progress on the pre-feasibility study. Regardless of the poor sentiment towards the gold sector (producers and explorers), CHZ continues to advance an exciting project in mining friendly Turkey and remains one of my preferred growth opportunities in the sector.


LARGE DRILLING STEPOUTS ON K-ZONE VEINS DELIVER MULTIPLE HIGH GRADE GOLD RESULTS
Highlights
Chesser Resources Ltd (ASX:CHZ) has received assay results for a further 25 holes from the current drill program at its 100%-owned Kestanelik gold project.
Step-out drilling continues to identify extensions to gold bearing vein systems.
A number of holes stepping up to 175 metres to the southwest of the initial JORC-compliant resource have returned significant intercepts including:
22m @ 2.9/t Au and 8.2g/t Ag from 45m, including 5m @ 8.7g/t Au and 24.4g/t Ag

18m @ 2.9g/t Au and 1.3g/t Ag from 41m, including 5m @ 9.0 g/t Au and 4.1g/t Ag

4m @ 5.3g/t Au and 3.6g/t Ag from surface, including 2m @ 9.4g/t Au and 5.9g/t Ag as well as a deeper interval in the same hole of 3m @ 7.1g/t Au and 9.5g/t Ag from 24m

Regards

Tony Locantro
Managing Director