Business
Production Update re Choco Gold-Platinum Project
Production Update re Choco Gold-Platinum Project.
About this update from Bezant Resources Plc
[{"type":"text","content":"\n \nRNS Number : 0835R Bezant Resources PLC 19 September 2017 \n\n \n19 September 2017\n \nBezant Resources Plc\n(\"Bezant\" or the \"Company\")\n \nProduction Update re Choco Gold-Platinum Project, Colombia\n \nBezant (AIM: BZT), the AIM quoted gold and platinum mining company, is pleased to announce an update on progress at its gold and platinum production operations, currently focused on the FKJ-083 licence area, in the Choco region, Colombia (the \"Choco Project\"). \n \nThe FKJ-083 licence area has been historically mined by third parties, and in Q1 2017 Bezant announced the results of an independent scoping study on the project. The Company is currently analysing initial production results from the FKJ-083 licence area with the ultimate objective of rolling out further production plants across its licence interests in the Choco region.\n \nIn mid-August 2017, mining ramp-up commenced on the FKJ-083 licence area together with deeper-level open pit development in order to access the virgin higher-grade gravels. Since then, the Company has been developing the open pit and its ramp-structure whilst simultaneously extracting and processing tailings, overburden and the lower-grade material located on top of the higher-grade virgin gravels. The material is being processed through the Company's gravity separation plant located at site. Loose gold and platinum is then processed and analysed at the project's site office for sale domestically to local commodity trading houses in Colombia. \n \nKey operational developments:\n· First kilogramme of platinum and gold metals produced from mine development operations at the Choco Project has been sold\n· Metals extracted from the excavation and processing of the lower-grade material, including tailings and overburden, located on top of the higher-grade gravels\n· Total of 9,636 cubic metres processed between 14 August 2017 and 14 September 2017 over a total of 18 processing days as part of the Company's ramp-up and pit development process\n· Average metal ratio of 73% platinum and 27% gold achieved\n· Production expansion on schedule with an average output of over 500 cubic metres of...