Bezant Resources PLC (AIM:BZT) said it has mobilised a drill rig to test several targets around the Hope and Gorob copper-gold deposits in Namibia and has also started to prepare a mining licence application over the Hope-Gorob copper-gold project area.
The diamond drill rig will undertake at least 2,000 metres of drilling to test a number of targets identified in an airborne survey along the Matchless Copper Belt. The aim of the programme is to discover new copper-gold zones adjacent to the established deposits.
AIM-traded Bezant has also engaged consultants to undertake work on an updated scoping study and an environmental screening and baseline study covering the Hope-Gorob deposits, with the aim of preparing for a mining licence application before the current exclusive prospecting licence expires in October 2022.
"We consider Namibia a very supportive jurisdiction and we are doing all necessary to progress plans for a mining application at Hope-Gorob,” said executive chairman Colin Bird.
“We are excited about the planned drilling programme - we have an already established resource and the geophysics suggests the potential to mirror that resource. A drill rig is on site and we look forward to reporting on progress as the programme advances."