Business
Gold-Platinum Recovery Update re Choco Project
Gold-Platinum Recovery Update re Choco Project.
About this update from Bezant Resources Plc
[{"type":"text","content":"\n \nRNS Number : 5014W Bezant Resources PLC 15 November 2017 \n\n \n15 November 2017\n \nBezant Resources Plc\n(\"Bezant\" or the \"Company\")\n \n Gold-Platinum Recovery to Bedrock Successfully Completed, Choco Gold-Platinum Project, Colombia\n \nBezant (AIM: BZT), the AIM quoted gold and platinum mining company, is pleased to announce that it has successfully mined into the High Grade gold-platinum Zones at its FKJ-083 licence area in the Choco region of Colombia (the \"Choco Project\"). \n \n \nHighlights\n \nThe independent March 2017 scoping study estimated a break-even grade of approximately 0.17 grammes per tonne (238mg/m3) for combined Pt and Au based on an approximate 1:1 stripping ratio.\n \n· Grade verification work by the Company to bedrock has identified the following zones:\no High Grade Zones (\"HGZ\")(>500 mg/m3 or 0.36 g/t combined grade)\no Production Zones (\"PZ\") (>250 mg /m3 combined grade)\no Low Grade Zones (\"LGZ\") (<250mg/m3 or 0.18 g/t for combined Pt and Au)\n \n· High Grade Zone successfully opened at depth of 34m \no 0.37 grammes per tonne (519mg /m3) for combined Pt and Au achieved for 4.5m thick HGZ situated above the bedrock \no Main HGZ located between 34m and 38.5m \n \n· Production Zone currently starts at depth of 21.5m\no 0.2 grammes per tonne (271mg/m3) average grade achieved for PZ \no 17m interval from 21.5m to the bedrock\no Approximate stripping ratio of 1:1\n \n· Low Grade Zone located from surface to depth of 21.5m\no Varying grades encountered depending on historical mining activity and tailings\no Average grade of 0.06 grammes per tonne (85mg/m3) for LGZ\no Secondary gravity separation process developed in order to recover metals from the LGZ as an addition to the model used as the basis for the scoping study\n \nProduction Overview\n· Over 110 oz of gold and platinum recovered during the grade verification process\n· Over 35,000 tonnes of material from the surface to bedrock tested and processed as part of the grade verification and production init...