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