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Block Model Analysis-Mankayan Project, Philippines

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RNS Number : 3630C
Bezant Resources PLC
01 October 2018
 

1 October 2018

Bezant Resources Plc

("Bezant" or the "Company")

                                                                          

Block Model Analysis, Mankayan Project, Philippines

Bezant (AIM: BZT), the copper-gold exploration and development company, is pleased to announce that a 3D computerised overview of Bezant's Mankayan copper-gold project, located on the Island of Luzon in the Philippines (the "Mankayan Project"), based on the existing historic JORC 2004 compliant resource estimate, is available on the Company's website.

 

An updated internal interpretation of the project's existing block model is currently being utilised by Bezant's management across a number of workstreams and an animated video version can be viewed at the Company's website at www.bezantresources.com. 

 

Block Model overview:

·     Constructed from analysis and interpretation of the available historic core data by Bezant, with assistance and input from, specialist technical consultants, Addison Mining Services Limited's ("AMS") geological team and certain other third party groups.

·     All resource and economic data for the in-house analysis was extracted from previously disclosed historic mineral resource estimates and conceptual studies produced by Snowden Mining Industry Consultants, TWP Australia (Pty) Ltd and Mining Plus Pty Ltd.  

·     Static/3D interpretations of the model are being utilised to identify significant areas 'open' for potential additional resources and previously untested areas with high-grade potential.

·     The animation features Bezant's new corporate logo/branding which will be phased in across the group by the end of 2018.

 

In addition, the Company is pleased to announce that a new data room containing information on the Mankayan Project is now in operation. Interested parties wishing to be granted access to the data room, subject to entering into a confidentiality agreement, should contact: [email protected].

 

 

For further information, please contact:

 

Bezant Resources Plc

Laurence Read

Chief Executive Officer

Colin Bird

Executive Chairman

 

Strand Hanson Limited (Nomad)

James Harris / Matthew Chandler / James Dance

 

Novum Securities Limited (Broker)

Jon Belliss

 

or visit http://www.bezantresources.com

 

Tel: +44 (0)20 3289 9923

 

 

 

 

 

Tel: +44 (0)20 7409 3494

 

 

Tel: +44 (0)20 7399 9400

 

 

 

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Mining Capital's Alastair Ford gives his take on the news this week that Bezant Resources PLC (LON:BZT)  has conditionally agreed to sell an 80% interest in the Mankayan copper project in the Philippines. It's being sold to Mining and Minerals Industries Holding Ltd which itself has...

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