12th Feb 2014 12:21
LONDON (Alliance News) - Bezant Resources PLC said Wednesday that additional technical data it has received regarding its Mankayan copper-gold project in the Philippines, as well as an increase in the depth extent of known mineralisation on the eastern part of the deposit, would assist it in identifying a new potential buyer or joint venture partner on the project.
Bezant said that it had drilled an additional diamond hole to a total length of 1,491 meters, confirming that mineralisation is present up to that depth, an increase of 200 meters from the previously known mineralisation depth on the eastern part of the project.
Bezant received and reviewed all technical data gathered by Gold Fields Netherlands Services BV at its Mankayan project. Bezant said this data was useful as it showed mineralisation at a depth and grade consistent with its existing resource estimate.
Shares in Bezant last traded flat at 11.00 pence Wednesday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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