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Updated EIA Approvals Granted for Eureka Project
Updated EIA Approvals Granted for Eureka Project.
About this update from Bezant Resources Plc
[{"type":"text","content":"\n \nRNS Number : 4795Z Bezant Resources PLC 20 May 2019 \n\n20 May 2019\nBezant Resources Plc\n(\"Bezant\" or the \"Company\")\nUpdated EIA Approvals Granted for the Eureka Project's Exploration Areas, Argentina\nBezant (AIM: BZT), the copper-gold exploration and development company, is pleased to announce that updated environmental impact assessment (\"EIA\") approvals permitting certain specified additional exploration work and drilling activity on the most prospective areas of the Company's Eureka Project in Argentina, have now been granted by the Director of Mining and Energy Resources of the Secretariat of Mining and Hydrocarbons, Government of Jujuy.\nBenefit of Environmental Approvals: The granting of these updated EIA approvals, which are subject to certain routine conditions, including submission and implementation of an environmental monitoring plan, will enable exploration drilling to be conducted over the licence areas that the Company has determined and selected as having the most prospectively. The approvals provide for a two-year exploration period to 3 May 2021 and permit, inter alia, work on topography, geophysics, soil geochemistry, geological mapping and diamond drilling.\n \nApproval Process: Bezant, via its wholly owned subsidiary, Puna Metals SA, has been working with the regional government and local stakeholders to progress and secure the updated EIA approvals in respect of the Eureka Project covering a total area of 3,320 hectares. The nine specific licences to which the approvals relate are Mine Eureka, Mine Paul I, Mine Paul II, Mine Julio I, Mine Julio II, Mine Gino I, Mine Gino II, Mine Mason I and Mine Mason II.\n \nExploration Focus: In light of the historic third party mining activity on the Northern area of the Eureka Project and previous induced polarisation geophysical work denoting areas of resistivity and both sedimentary and rock chip sampling all in the same location, the focus of the planned additional exploration programme is on parts of the Eureka, Julio I and Julio II mine areas to the West of the old Eureka mine. The objective of the next stage of preparatory work will be to define final drill targets for a diamond drilling programme comprising up to nine holes with target depths of approximately 200-300 metres per hole from surface aimed at determinin...