Business
Update re Hope Copper-Gold project
Update re Hope Copper-Gold project.
About this update from Bezant Resources Plc
[{"type":"text","content":"\n \n \n RNS Number : 0037T\n Bezant Resources PLC\n 15 July 2020\n \n \n \n \n 15 July 2020\n \n \n Bezant Resources Plc\n \n \n (\"Bezant\" or the \"Company\") \n \n \n Due diligence and strategy update re \n \n \n Hope Copper-Gold Project (subject to completion) \n \n \n \n \n \n Bezant (AIM: BZT), the copper-gold exploration and development company, further to its announcement on 19 June 2020 in relation to the proposed acquisition of 100% of Virgo Resources Ltd and its interest in the hope gold copper project in Namibia is pleased to announce its due diligence is progressing as anticipated. Set below is an update of the technical aspects of the Hope Copper-Gold Project in Namibia including historical drilling information which has come to light as part of the Due Diligence Review:\n \n \n \n \n \n \n Highlights of technical review\n \n :\n \n \n · \n \n High-grade Copper-gold Volcanic Massive Sulphide (VMS)\n \n project located in the stable, safe and mining friendly jurisdiction of Namibia\n \n \n · \n Project combined Mineral Resource of 10.2Mt @ 1.9% Cu and 0.3g/t Au at a 0.7% Cu cut-off, reported in accordance with the JORC Code (2012)\n \n \n · \n Including the Hope Deposit: 3.09Mt @ 2.53% Cu and 0.84g/t Au\n at a 0.7% Cu cut-off and Indicated Mineral Resource confidence category, reported in accordance with the JORC Code (2012)\n \n \n · \n Significant historic drill intersections at Hope include:\n \n \n o \n HDD42: \n \n 7.1 m @ 9.18% Cu \n \n from 186m\n \n \n o \n HDD63: 7.65m @ 5.32% Cu & 1.37g/t Au from 147.66m\n \n \n o \n HDD66: 12.09m @ 1.47% Cu & 0.21g/t Au from 280.7m; including 5.01m @ 3.15% Cu & 0.37g/t Au from 287.32m\n \n \n o \n HDD71: 4.4m @ 7.79% Cu & 1.73g/t Au from 365m\n \n \n o \n HDD82m: 23.31m @ 1.59% Cu & 0.23g/t Au from 464.09m; including 9.68m @ 3.18% Cu & 0.42g/t Au from 477.17m\n \n \n o \n HDD91: 10.12m @ 5.72% Cu & 0.56g/t Au from 525.57m\n \n \n o \n HDD99: 7.11m @ 5.26% Cu & 1.14g/t Au from 528.89m\n \n \n · \n Metallurgical test work: excellent recoveries of 96% copper and 84% gold to a 28% Cu grade concentrate via conventional floatation\n \n \n · \n Also including the Gorob-Vendome Deposit: 3.83Mt @ 1.91% Cu & 0.04g/t Au\n \n \n \n at a 0.7% Cu cut-off and Inferred Mineral...