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.
The UK intellectual property investment group believes this particular partnership will flourish, in part, thanks to UTEQ’s prime location in the “high-tech zone” of Queretaro, cultivating the region’s technology and innovation scene.
SP Angel research note on commodities and miners, featuring: Condor Gold (CNR LN) – Progress report on permitting IronRidge Resources* (IRR LN) – Zaranou license high-grade gold Petropavlovsk (POG LN) – H1 2019 production results Shanta Gold (SHG LN) – Ilunga underground mine achieved commercial production
BP is to expand its Brazilian biofuels business by combining it with a larger rival in a move that it said would help the transition to lower-carbon energy, British Airways is launching legal action to block its pilots from staging a potentially disruptive walkout this summer
The company shared that approximately 67% of these revenues were derived from recurring contracts, especially the “transformational” acquisition of PeopleFluent back in May 2018.
SP Angel research note on commodities and miners, featuring: Galantas Gold (GAL LN) – Kearney Vein intersected on 1060 level of the Omagh mine Petra Diamonds (PDL LN) – Meets production guidance for year to 30th June Serabi Gold (SRB LN) – Production guidance maintained following Q2 results Tri-Star Resources* (TSTR LN) – SPMP report first antimony metal production