RERATE UNDERWAY...and 'bout tome too!19 Oct 2020 13:11
New investors hoping to make a killing?
This might kill your doubts
GOOD LUCK and welcome aboard
Review by the Company of previous Natural Source Audio Magneto-Telluric (NSAMT) geophysics data at the Hope deposit indicates the presence of an untested, sub-parallel conductor a short distance to the north. This may suggest the presence of a hidden second or multiple shoot system over 3km of strike. 2-3 diamond drill holes are planned to test this target, with further drilling to follow if mineralisation is confirmed.
The Hope Deposit portion of the Mineral Resource Estimate has the highest gold grade (0.84g/t Au) but also has the majority of historic drill holes that have been assayed for gold (from the most recent drill programme in 2009). In contrast, most of the drill holes at the Gorob-Vendome Deposit are from older programmes (late 70's and early 80's) and were not assayed for gold. The lack of gold grade information from the copper mineralised intersections within the drill holes at the Gorob-Vendome Deposit is interpreted to have resulted in the gold grade of that portion of the Mineral Resource Estimate being much lower (0.04g/t Au). Bezant proposes to twin two of the historic holes, primarily to obtain detailed gold grade and distribution information to enhance the value of the currently estimated mineral resource.
In addition, previous geophysical surveying and structural interpretation at Gorob highlights possible along-strike and down-plunge continuation of the deposit to the northeast. It is planned to carry out a further ground EM survey here to better define the target prior to possible drill testing.
Hope Project Background
The Hope Copper-Gold Project comprises three exploration licences, EPL5796, EPL6605 and EPL7170 (under application) covering over 1,200 km2 of the highly prospective Matchless Copper Belt within the stable, safe and mining friendly jurisdiction of Namibia . This Belt hosts multiple high-grade copper-gold Besshi Type massive sulphide deposits, such as the historically mined Otjihase Copper deposit (>16Mt @ 2.2% Cu & 1.2g/t Au) to the northeast of the Hope property.
The Bezant project area contains a series of copper deposits, of which three make up the combined mineral resource reported above, namely Hope, Gorob-Vendome and Anomaly. The Hope deposit itself has an Indicated Mineral Resource of 3.09Mt @ 2.53% Cu and 0.84g/t Au at a 0.7% Cu cut-off reported in accordance with the JORC Code (2012). Historic drill intersections include 23.31m @ 1.59% Cu & 0.23g/t Au from 464.09m, including 9.68m @ 3.18% Cu & 0.42g/t Au from 477.17m (hole HDD82) and 10.12m @ 5.72% Cu & 0.56g/t Au from 525.57m (hole HDD91). Gold is an important accompanying mineral to the copper deposits of the Matchless Belt. This was not always recognised previously, leaving scope for adding value to many of the prospects along the Belt, including Gorob-Vendome.
Metal recovery during previous ore process
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