Bezant Resources PLC
11 September 2007
Bezant Resources Plc
('Bezant' or 'the Company')
11,000 metre drilling programme commences at the Company's Mankayan Project in
the Philippines
Highlights:
•Two diamond drilling rigs have arrived on site, on schedule
•11,000 metre drilling campaign has commenced
•Recruitment of experienced local staff
•Analysis of the 12,000 metres of core from the historic drilling campaign
ongoing
Bezant (AIM: BZT), the AIM listed exploration and development company with gold
and copper assets in Tanzania and the Philippines, is pleased to announce that
two diamond drilling rigs have now arrived on schedule at the Company's Mankayan
Project in the Philippines with the intention of undertaking a minimum of 11,000
metres of diamond drilling over 10 holes. The resulting core will be sent for
assay as soon as practicable after completion of the drilling programme with
first results expected in the fourth quarter of 2007.
Bezant has successfully recruited experienced local staff to progress the 11,000
metre drilling campaign in accordance with an agreed budget and schedule.
Clive Sinclair-Poulton, Chief Executive, commented,
'I am very pleased to announce that we continue to progress as planned at our
newly acquired Philippine's project. Despite the generally low level of
availability of drilling rigs around the world we have successfully secured two
rigs which have now arrived on site. The area of the Philippines in which our
project lies hosts some large scale mining projects providing us with a wealth
of experienced local staff. I look forward to updating shareholders with the
results of our 11,000 metre drilling campaign and the assay of previous drilling
during 2007.
For further information, please contact:
Clive Sinclair-Poulton, Chief Executive
Bezant Resources Plc Tel: +353 (0) 85 739 2674
Email: clive@bezantresources.com
James Harris
Strand Partners Limited Tel: +44 (0) 20 7409 3494
Email: JamesHarris@strandpartners.co.uk
Gary Middleton
St Swithins PR Limited Tel: +44 (0) 7951 603289
Email: gary@swithins.com
Notes for editors:
The Mankayan licence covers a total of 534 hectares and is 60 per cent. owned by
Crescent and 40 per cent. by Asean Copper Investments Limited, a 100 per cent.
owned subsidiary of Bezant.
All foreign owned companies, under Filipino law, must have a Filipino partner
until they move up to a mining licence.
from the MPSA, or exploration licence, when they can then hold 100 per cent. of
the asset.
Bezant (www.bezantresources.com) is focused on the discovery and exploitation of
gold and copper projects and assets in Tanzania and the Philippines.
This information is provided by RNS
The company news service from the London Stock Exchange