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Gold-Platinum Sampling Programme at Choco Project
Gold-Platinum Sampling Programme at Choco Project.
About this update from Bezant Resources Plc
[{"type":"text","content":"\n \nRNS Number : 2676P Bezant Resources PLC 30 August 2017 \n\n30 August 2017\n \nBezant Resources Plc\n(\"Bezant\" or the \"Company\")\n \nGold-Platinum Sampling Programme at the HGE-082 Licence Area, Choco Project, Colombia\n \nBezant (AIM: BZT), the AIM quoted gold and platinum mining company, announces that gold- platinum sampling is now underway at the HGE-082 licence area located approximately 4km from its current mining operations at the Choco Project, Western Colombia.\n \nAs announced previously, the Company holds an option over the HGE-082 licence comprising 91 hectares versus the smaller, and significantly historically mined, 75 hectares of the FKJ-083 licence area which forms the current focus of mining operations. Bezant is interested, in aggregate, in over 2,600 licenced hectares covering the extensive gold-platinum placer fields in the Choco region, where platinum was first discovered in the 19th Century. The Company is focussed on bringing Colombian projects into production in accordance with local regulatory requirements and best international operational practices.. \n \nFollowing the recent commissioning of its first mining operations, the Company is now pursuing a low-cost expansion strategy, seeking to build a series of production plants for under US$500,000 in construction costs per plant, that can be rapidly deployed and fed with placer gravels. It is the objective of Bezant to develop a production expansion strategy based upon additional plants with positive cashflow and operating profit to generate a sustainable, margin at the group level.\n \nAn overview map of the Choco Project licence areas, currently owned and held under option, is available at: http://www.rns-pdf.londonstockexchange.com/rns/2676P_-2017-8-30.pdf \n \nFeasibility Testing\nAn exploration programme, sampling the HGE-082 licence area with respect to potential future mining, is ongoing with test pitting and sampling activities underway. Initial samples are currently being processed at the Company's laboratories at its central mining office for its Choco Project. The Company is not seeking to define delineated resources, but rather to test throughput suitability and placer spreads for future implementation of mining operations. \n \nThe Company further expects to be able to announce an u...