RE: Good luck.16 Oct 2020 11:45
This first phase of work by Bezant will focus on exploration licence EPL5796 hosting the Hope and Gorob-Vendome massive sulphide deposits, part of a combined Indicated and Inferred Mineral Resource within three closely spaced deposits of 10.2Mt @ 1.9% Cu and 0.3g/t Au at a 0.7% Cu cut-off, reported in accordance with the JORC Code (2012). The aim is to drill test a geophysical anomaly immediately north of the Hope deposit and to drill confirmatory holes at Gorob-Vendome, primarily to establish the gold tenor at that deposit and thereby add significant value to the Project resource. Previous drill core at this prospect was not checked for gold.
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.
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