11th Sep 2007 08:00
Bezant Resources PLC11 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 goldand copper assets in Tanzania and the Philippines, is pleased to announce thattwo diamond drilling rigs have now arrived on schedule at the Company's MankayanProject in the Philippines with the intention of undertaking a minimum of 11,000metres of diamond drilling over 10 holes. The resulting core will be sent forassay as soon as practicable after completion of the drilling programme withfirst results expected in the fourth quarter of 2007. Bezant has successfully recruited experienced local staff to progress the 11,000metre 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 ournewly acquired Philippine's project. Despite the generally low level ofavailability of drilling rigs around the world we have successfully secured tworigs which have now arrived on site. The area of the Philippines in which ourproject lies hosts some large scale mining projects providing us with a wealthof experienced local staff. I look forward to updating shareholders with theresults of our 11,000 metre drilling campaign and the assay of previous drillingduring 2007. For further information, please contact: Clive Sinclair-Poulton, Chief ExecutiveBezant Resources Plc Tel: +353 (0) 85 739 2674Email: [email protected] James HarrisStrand Partners Limited Tel: +44 (0) 20 7409 3494Email: [email protected] Gary MiddletonSt Swithins PR Limited Tel: +44 (0) 7951 603289Email: [email protected] Notes for editors: The Mankayan licence covers a total of 534 hectares and is 60 per cent. owned byCrescent 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 partneruntil they move up to a mining licence. from the MPSA, or exploration licence, when they can then hold 100 per cent. ofthe asset. Bezant (www.bezantresources.com) is focused on the discovery and exploitation ofgold and copper projects and assets in Tanzania and the Philippines. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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