Due diligence and strategy update re
Hope Copper-Gold Project (subject to completion)
Bezant (AIM: BZT), the copper-gold exploration and development company, further to its announcement on 19 June 2020 in relation to the proposed acquisition of 100% of Virgo Resources Ltd and its interest in the hope gold-copper project in Namibia is pleased to announce its due diligence is progressing as anticipated. Set below is an update of the technical aspects of the Hope Copper-Gold Project in Namibia including historical drilling information which has come to light as part of the Due Diligence Review
Colin Bird, Executive Chairman of Bezant, commented :
” This is an exciting potential project for the Company and the more we dig into the archives, it becomes evident that resources quoted were the subject of extensive drilling programmes which gives us added confidence. It is also evident that the contribution of gold has been neglected which in today’s times could in our view be quite significant.
We intend to re-evaluate the gold contribution and drill as soon as possible further holes at Gorob-Vendome to test for gold where previous statements suggest that there is either none or very little.
In essence, the project represents the opportunity for revaluation but more importantly gives the scope for further discovery of similar type mineralisation as the tenure contains 150km not yet tested .”
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