Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

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."

View full BZT profile View Profile

Bezant Resources plc Timeline

Related Articles

1507550408_goldprice.jpg
October 09 2017
Favourable court decisions are obviously helpful, but Galantas remains focussed on the central business of developing a mine
Gold wreath
November 13 2017
What makes Lionsgold more than "just another gold mine developer" is its partnership with TRAC, which has developed a trading platform that allows investors to acquire and store physical gold and silver rather than buying into exchange traded funds
diamond-drill-350.jpg
July 26 2017
The company has transformed itself over the last three years through three major transactions

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use