Business
Update re Eureka Copper-Gold Project, Argentina
Update re Eureka Copper-Gold Project, Argentina.
About this update from Bezant Resources Plc
[{"type":"text","content":"\n \nRNS Number : 5503Q Bezant Resources PLC 16 October 2013 \n \n\n16 October 2013\n \nBezant Resources Plc\n(\"Bezant\" or the \"Company\")\n \nUpdate re Eureka Copper-Gold Project, Argentina\n \nResults of Phase One Exploration Programme\n \n \nHighlights:\n \n· Phase One exploration programme completed comprising a trenching campaign at Eureka, a near surface copper-gold resource, Jujuy province, Argentina\n· Results indicate an average 1.68 per cent. copper content for the samples assayed\no Assay results to date strongly support the project's potential and confirm previous sample values\no 68 samples taken from the 17 trenches excavated were dispatched for analysis\n· Trenching activity consisted of extensions to existing work and infill trenches to demonstrate the continuity of mineralised bodies\n· High copper in fines and low content of acid consuming minerals are positive features of the mineralisation\nBernard Olivier, Chief Executive Officer of Bezant, commented:\n\"The 1.68 per cent. average copper content from our trenching work confirms our belief that Eureka hosts a valuable near surface copper-gold resource. Located near established infrastructure in an area with a history of profitable small-scale mining, we continue to assess the viability of Eureka through our ongoing considered exploration work programme. We are further encouraged by the high copper assay results and geological similarities between the known Eureka I mine area and the samples taken along a potential southern extension over the 10km of the mineralised zone.\"\nBezant (AIM: BZT), the AIM listed copper-gold exploration and development company operating in the Philippines and Argentina, announces results from a surface trench exploration and analysis programme conducted at its wholly owned Eureka Project (\"Eureka\"), located in Jujuy province, north-west Argentina.\n \nThe project area has previously hosted historic small-scale mining operations for both copper and gold. Eureka is held under fully granted mining licences and is situated close to established infrastructure in a thinly populated area. The Company believes that Eureka affords the opportunity to pote...