- Fortuna Silver Mines yesterday announced the completion of the previously announced acquisition of Chesser Resources , owner of the preliminary economic assessment stage Diamba Sud gold project in Senegal.
Chesser owns the preliminary economic assessment stage Diamba Sud gold project in Senegal, one of the new and emerging gold discoveries in the region. Chesser holds tenements in Senegal covering approximately 872 km2 of prospective ground located close to tier one gold mines. The scoping study on Diamba Sud demonstrated that the project is a conventional open pit and CIL process design and has the potential to generate a post-tax NPV5% of US$218 million and 43% IRR over a 7.5-year mine life.
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