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Bezant Resources seals acquisition of Colombia gold and platinum licences

With a US$200,000 payment the company secures its 100% interest in two exploration areas
Gold and dollars
They cover a total of approximately 2,659 hectares

Bezant Resources plc (LON:BZT) has confirmed that the final option payment has been made for two licences in Colombia.

The company’s wholly owned subsidiary, Ulloa Recursos Naturales, held the option for the areas that are prospective for alluvial gold and platinum.

READ: Bezant Resources raises £550,000 in share placing

By paying the US$200,000 the company has secured a 100% interest in the project areas, FKJ-083 and HCA-082, meanwhile, the option over the 91ha HGE-082 licence following test pitting and sampling.

"We are pleased to confirm that, following the final option payment, Bezant now holds a 100 percent interest in the FKJ-083 and HCA-082 licences in Colombia,” said Edward Nealon, Bezant chairman.

“Following our extensive extraction work completed on FKJ-083, grade testing results and completion of the option exercise, the company now owns a significant land package within the Choco gold-platinum region.

READ: Bezant Resources to step up production in Colombia after grade work

“As announced previously, the company is currently pursuing asset level development / funding routes for its Colombian gold-platinum production portfolio and it is expected that completion of the Option exercise will assist us with this strategy."

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