Bezant Resources PLC Update re Choco Gold-Platinum Project, Colombia (0005T)
October 09 2017 - 2:00AM
UK Regulatory
TIDMBZT
RNS Number : 0005T
Bezant Resources PLC
09 October 2017
9 October 2017
Bezant Resources Plc
("Bezant" or the "Company")
Update re Choco Gold-Platinum Project, Colombia
Bezant (AIM: BZT), the AIM quoted gold and platinum mining
company, is pleased to announce an update on progress at its gold
and platinum production operations, currently focused on the
FKJ-083 licence area, in the Choco region, Colombia (the "Choco
Project").
Following the completion of the current stage of open pit
development and infrastructure work, as announced on 5 October
2017, the Company has now commenced extraction and processing of
the higher-grade virgin gravels from the within the deeper levels
of the open pit.
Commenting today, Bernard Olivier, CEO of Bezant, said:
"I am happy to report that we have now commenced first
extraction and processing of the higher-grade gravels and look
forward to announcing some of the initial grades achieved from the
higher grade material in the coming weeks. The scoping study, as
announced in March 2017, calculated an estimated break-even grade
of 0.17 grammes per tonne (238mg/m(3) ) for combined Pt and Au. The
verification of the grade of the virgin gravels target zone we are
now mining is our priority, before progressing into volume
expansion. Once we have adequately assessed the recoveries from the
higher-grade gravels versus our estimated break even point, we
shall then commence with the next phase of production ramp-up"
For further information, please contact:
Bezant Resources Plc
Bernard Olivier Tel: +61 40 894 8182
Chief Executive Officer
Laurence Read Tel: +44 (0)20 3289
Executive Director / Communications 9923
Officer
Strand Hanson Limited (Nomad) Tel: +44 (0)20 7409
James Harris / Matthew Chandler 3494
/ James Dance
Peterhouse Corporate Finance Tel: +44 (0)20 7469
Limited (Broker) 0930
Lucy Williams / Duncan Vasey
/ Heena Karani
Tel: +44 (0)20 7382
Beaufort Securities Limited (Broker) 8300
Elliot Hance
or visit http://www.bezantresources.com
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014.
- ENDS -
This information is provided by RNS
The company news service from the London Stock Exchange
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