Business
Drilling Progress
Drilling Progress.
About this update from Bezant Resources Plc
[{"type":"text","content":"\n Bezant Resources PLC\n11 September 2007\n\n\n Bezant Resources Plc\n ('Bezant' or 'the Company')\n\n11,000 metre drilling programme commences at the Company's Mankayan Project in \nthe Philippines\n\nHighlights:\n\n\n •Two diamond drilling rigs have arrived on site, on schedule\n •11,000 metre drilling campaign has commenced\n •Recruitment of experienced local staff\n •Analysis of the 12,000 metres of core from the historic drilling campaign\n ongoing\n\nBezant (AIM: BZT), the AIM listed exploration and development company with gold\nand copper assets in Tanzania and the Philippines, is pleased to announce that\ntwo diamond drilling rigs have now arrived on schedule at the Company's Mankayan\nProject in the Philippines with the intention of undertaking a minimum of 11,000\nmetres of diamond drilling over 10 holes. The resulting core will be sent for\nassay as soon as practicable after completion of the drilling programme with\nfirst results expected in the fourth quarter of 2007.\n\nBezant has successfully recruited experienced local staff to progress the 11,000\nmetre drilling campaign in accordance with an agreed budget and schedule.\n\n\nClive Sinclair-Poulton, Chief Executive, commented,\n\n'I am very pleased to announce that we continue to progress as planned at our\nnewly acquired Philippine's project. Despite the generally low level of\navailability of drilling rigs around the world we have successfully secured two\nrigs which have now arrived on site. The area of the Philippines in which our\nproject lies hosts some large scale mining projects providing us with a wealth\nof experienced local staff. I look forward to updating shareholders with the\nresults of our 11,000 metre drilling campaign and the assay of previous drilling\nduring 2007.\n\n\nFor further information, please contact:\n\nClive Sinclair-Poulton, Chief Executive\nBezant Resources Plc Tel: +353 (0) 85 739 2674\nEmail: [email protected]\n\nJames Harris\nStrand Partners Limited Tel: +44 (0) 20 7409 3494\nEmail: [email protected]\n\nGary Middleton\nSt Swithins PR Limited Tel: +44 (0) 7951 603289\nEmail: [email protected]\n\n\nNotes for editors:\n\nThe Mankayan licence covers a total of 534 hectares and is 60 per cent. owned by\nCrescent and 40 per cent. by Asean Copper Investments Limited, a 100 per cent. \nowned subsidiary o...