Fortuna Silver Reaches Agreement To Acquire Chesser Resources

There was news out last night from Fortuna Silver, as they have reached an agreement to acquire Chesser Resources and its Diamba Sud Gold Project in Senegal.

The deal as structured would give holders of each Chesser share .0248 shares of Fortuna, which prices Chesser at A$0.142 (or approximately $0.096 US).

Last year Chesser reported an Indicated Mineral Resource estimate of 10.0 Mt averaging 1.9 g/t Au containing 625,000 ounces of gold, and an Inferred Mineral Resource estimate of 4.7 Mt averaging 1.5 g/t Au containing 235,000 ounces of gold, and the deal will allow Fortuna to continue to strengthen its presence in West Africa.

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