Chesser Resources Ltd. announced that recently completed auger geochemical and rockchip sampling has defined a new gold target at its Kurnalpi Project (located approximately 60 kilometers north-northeast of Kalgoorlie Western Australia). The company can earn up to an 80% interest in the Kurnalpi Project which is wholly owned by Mithril Resources Limited. With an area of approximately 55km², the Kurnalpi Project covers a package of gold and nickel prospective Archaen ultramafic /mafic sequences and adjoins Pioneer Resources' Acra Gold Project. At Acra, Northern Star Resources has paid Pioneer $500,000 cash to acquire an initial 20% interest in the Project and has the right to earn a further 55% interest (total 75% interest) by sole funding $3 million of exploration expenditure within 3 years. The new target is characterized by four discrete coherent auger geochemical anomalies (defined by the +14ppb Au contour, maximum value: 17ppb Au, average background value: 3 - 7ppb Au) present over a combined strike length of approximately 200 meters that overlay and lie adjacent to, an east ­ west mafic /metasedimentary contact. A rockchip sample of sub-cropping ironstone material also returned 0.23g/t gold (Sample ID - 0629_01). The prospectively of the target (which has not been previously drilled) is strengthened by the presence of numerous prospecting pits and dry-blowing scrapes immediately south of the target (and the E28/2506 tenement boundary) within the same east west sequence of mafic and metasedimentary unit. The company plans to carry out a program of geological mapping during the March 2017 quarter to better understand the significance of the target and determine next steps. The new auger anomalies are potentially indicative of bedrock gold mineralization and will be followed-up as a matter of priority. The company looks forward to updating the market on the progress of this work.