After recently conducting an exploration review of their Buffalo project copper-gold asset,has identified the zone that will remain their structural focus as the company continues their activity in Central Zambia.
Shares in the company are up over 5% following the news.
The geological survey team uncovered visible copper oxide mineralisation at the surface of the open pit area. Such discoveries have led the team to believe that “the steeply-dipping target shear zone is open at depth.”
The asset, over which Bezant Resources holds a conditional option to acquire a 50% interest, is situated in the prospective Central Zambian iron oxide copper-gold (IOCG) belt.
Historic exploration in the IOCG has led to several copper deposit discoveries, including the Kalengwa mine (production estimate of 1.9 Mt @ 9.44% Cu, 50 g/t Ag) and the Kitumba (Mumbwa) deposit with a resource estimate of 29.8 Mt @ 2.13% Cu.
Laurence Read, CEO of Bezant, commented on the news: “Our option over 50% of Buffalo offers entry into a promising copper-gold project with access to a range of existing data sets and with exposed mineralisation from artisanal mining activity.
In addition to assessing the potential for extensions at depth and across the licence area, our key ongoing work will centre on the characteristics of Buffalo as an ore body.”
For more news and updates on Bezant Resources:
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.
British car manufacturing came to a screeching halt in April, down 99.7% against the same month last year. It was the lowest output since the Second World War with just 197 premium and luxury sports vehicles rolled off factory lines, with 45 of those sent to UK customers.
The group has released its final results for the period ending 31 December 2019 and has highlighted the surge in revenue as largely driven by a £8.6m or 34% contribution from environmental services firm, Watbio, which the company snapped up in December 2018.