RE: Up/down/level12 Sep 2020 15:23
big re rate coming. already have substantial jorc resource and further gold upside too. funded drill coming. dyor
"The acquisition of the Hope Gold Cooper project is a significant milestone for Bezant. We have acquired a very attractive project with a combined JORC (2012) Mineral Resource of 10.2Mt @1.9% Cu and 0.3g/t Au at a 0.7% Cu cut off in Namibia, which aside from being an excellent jurisdiction, is attracting increased attention as a source of Copper.
The Vendors confidence in the project is reflected in the fact that 84% of the shares now being issued have been issued at a 60% premium to Fridays closing share price of 0.12 pence.
From Bezant's technical due diligence on the project it was clear that there is potential for considerable upside as the Gorob-Vendone Deposit was not assayed for gold and there is the possibility for further discovery of similar type mineralisation as the project contains 150 km not yet tested. Now that the transaction has been completed Bezant will be looking to implement the value creation strategy announced on 15 July 2020."