Block Model Analysis-Mankayan Project, Philippines

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: [e-mail].

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: [phone] Tel: [phone] Tel: [phone]

 

END

 

 

DRLLPMBTMBTTBTP