Sprott Global Resource Investments

Site Visits

Chesser Resources - Kestanelik, W Turkey - Oct 2013

Andrew Jackson visited Chesser Resources' Kestanelik property in western Turkey in September, 2013.  The property is located 35 kms NE of the regional centre of Canakkale, on the Biga Peninsular.

Chesser Resources is an ASX-listed junior explorer that owns 100% of Kestanelik, subject to a 2.5% NSR. The property currently has an Indicated and Inferred resource of 703 Koz Au @ 2.15 g/t. Mineralization is associated with a swarm of low-sulphidation epithermal veins and is oxidized to ~50m depth.  

Chesser plans to put the deposit into production, extracting the ore via two open pits with a stripping ration of ~7:1, and a CIP (carbon-in-pulp) circuit.

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The foregoing discussions are a result of site visits and are not to be construed as a recommendation, an endorsement or as investment advice. Sprott Global Resource Investments Ltd, entities that it controls, family, friends, employees, associates, and others may hold positions in these securities, may recommend them to clients, and may sell the same at any time.

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Investors should carefully consider the investment objectives, risks, time horizon and liquidity needs before making an investment. Past performance is no guarantee of future returns. Securities discussed may not be a suitable investment for your portfolio.”

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