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Mankayan Project
Mankayan Project.
About this update from Bezant Resources Plc
[{"type":"text","content":"\n RNS Number : 3276U Bezant Resources PLC 23 June 2009 \nBezant Resources Plc\n('Bezant' or the 'Company')\n\nFinal Drilling Results at the \nMankayan Project, Philippines\n\nHighlights:\n\n\n\nA total of 629m copper-gold porphyry intersected in drill hole BC-56. \n\n\n\n\n156m of higher-grade intersections in BC-56 with average copper grades of 0.64%, average gold grades of 0.65 g/t and average silver grades of 1.50 g/t. \n\n\nBC-56 has extended the previous undefined north western boundary of the deposit. \n\n\n\n\nCompletion of 11,000m Mankayan drilling programme.\n\n\nBezant (AIM: BZT), the AIM listed gold and copper exploration and development company operating in the Philippines and Tanzania, today announces assay results for the final three completed diamond drill holes (BC-56, BC-57 and BC-58) at its Mankayan Project, located 260km north of Manila in the Philippines. \n\nBC-56 was drilled to a vertical depth of 1,100m. Assay results have been returned for a total of 629m of mineralised core for the interval 471m to 1,100m, with the average assay results for the entire 629m of intersections being as follows:\n\n\n\n\n\nInterval (m)\n\n\nCu (%)\n\n\nAu (g/t)\n\n\nAg (g/t)\n\n\n\n\n471 - 1,100\n\n\n0.40\n\n\n0.44\n\n\n1.05\n\n\n\n\n\nThe hole, BC-56, is located in the previously undefined and open north-western part of the deposit. The significant mineralisation intersections in the hole therefore extend and further delineate the north-western boundary of the deposit. Highlighted intersections shown in Table 1 below, comprise 156m of composite intersections with weighted average grades of 0.64% Cu, 0.65 g/t Au and 1.50 g/t Ag. \n\nThe Company also completed the drilling of two resource estimation related inclined holes (BC-57 and BC-58) within the previously defined low-grade (<0.3% Cu) early or syn-mineral hornblende quartz diorite porphyry (QDP) and the intra-mineral quartz diorite porphyry (IQD). The holes served to further define the extent of the low-grade area. Despite this low-grade area being excluded from the resource estimations, it still contains the following intersections:\n \n\n\n\n\nHole ID\n\n\nInterval (m)\n\n\nCu (%)\n\n\nAu (g/t)\n\n\nAg (g/t)\n\n\n\n\nBC-57\n\n\n174 - 489\n\n\n0.29\n...