Business
Update re Choco Gold-Platinum Project, Colombia
Update re Choco Gold-Platinum Project, Colombia.
About this update from Bezant Resources Plc
[{"type":"text","content":"\n \nRNS Number : 0005T Bezant Resources PLC 09 October 2017 \n\n \n9 October 2017\n \nBezant Resources Plc\n(\"Bezant\" or the \"Company\")\n \nUpdate 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 \nFollowing the completion of the current stage of open pit development and infrastructure work, as announced on 5 October 2017, the Company has now commenced extraction and processing of the higher-grade virgin gravels from the within the deeper levels of the open pit. \n \nCommenting today, Bernard Olivier, CEO of Bezant, said: \n\"I am happy to report that we have now commenced first extraction and processing of the higher-grade gravels and look forward to announcing some of the initial grades achieved from the higher grade material in the coming weeks. The scoping study, as announced in March 2017, calculated an estimated break-even grade of 0.17 grammes per tonne (238mg/m3) for combined Pt and Au. The verification of the grade of the virgin gravels target zone we are now mining is our priority, before progressing into volume expansion. Once we have adequately assessed the recoveries from the higher-grade gravels versus our estimated break even point, we shall then commence with the next phase of production ramp-up\"\n \n \nFor further information, please contact:\n\n\n\n\n \nBezant Resources Plc\nBernard Olivier\nChief Executive Officer\n \nLaurence Read\nExecutive Director / Communications Officer \n \nStrand Hanson Limited (Nomad) \nJames Harris / Matthew Chandler / James Dance\n \nPeterhouse Corporate Finance Limited (Broker) \nLucy Williams / Duncan Vasey / Heena Karani\n \nBeaufort Securities Limited (Broker) \nElliot Hance\n \nor visit http://www.bezantresources.com\n\n\n \n \nTel: +61 40 894 8182\n \n \nTel: +44 (0)20 3289 9923\n \n \nTel: +44 (0)20 7409 3494\n \n \nTel: +44 (0)20 ...