TIDMBZT
RNS Number : 3394Z
Bezant Resources PLC
14 September 2022
14 September 2022
Bezant Resources Plc
("Bezant" or the "Company")
Kanye Manganese Trench Assay Results and Drill Planning
Bezant (AIM: BZT) is pleased to provide information on trench
assay results and preparations for a maiden drill programme at its'
100% owned high-grade Kanye manganese project in Botswana.
Highlights:
-- Laboratory assays from trench sampling at the Loltware
manganese prospect (announced on 22/03/2022) returned in-situ
chip/grab sample peak results of 41.4% MnO, 49.23% MnO and 40.83%
MnO from one metre wide zones of siliceous manganese mineralisation
within a continuously mineralised zone of 40m @ 11.53% MnO
-- At the Moshaneng Borrow Pit, excavation of shallow clays by a
local contractor for road fill has exposed further manganese-rich
pods over a width of approximately 12-15m and a strike length of
250m
-- Strongly anomalous soil geochemistry suggests that the
mineralised zone at Moshaneng may extend for more than 2km in
total
-- Maiden diamond drill testing of both targets is planned - a
contract has been signed with a local drilling company, with
mobilisation expected later this month
Colin Bird, Executive Chairman of Bezant, commented :
" The trench results produced some very high values of manganese
and provided the impetus for this drilling programme. The Moshaneng
Borrow pit gives us more information as it progresses and upgrades
our confidence in this project area. I look forward to keeping the
market advise d on drilling results as they emerge . "
Loltware Trenching Results
ALS Global analytical laboratory in Johannesburg provided the
assay results for in-situ trench channel samples from three
trenches at the Loltware prospect.
Chip/channel samples from one metre intervals of high-grade
siliceous manganese mineralisation on the floor of trench LT-TR01
returned individual sample assays of 41.4% MnO, 49.23% MnO and
40.83% MnO. These intervals occurred within a wider zone of
detrital manganese mineralisation of 40m averaging 11.53% MnO,
including 13m @ 16.18% MnO, including 3m @ 25.39% MnO.
Trench LT-TR03 returned 18m @ 9.20% MnO, with a peak value of
17.95% MnO over 1m. The trench was stopped in mineralisation to
avoid cutting an access track.
The detrital manganese mineralisation appears to be wide and
steeply-dipping, however a shallow drilling programme is required
to more accurately establish the orientation, width and depth
continuity of the zone.
Moshaneng Update
Excavations by a local contractor for road construction at the
Borrow Pit continue to expose more siliceous manganese pods/lenses
which are too hard for utilise for road fill. The main exposure is
in the west-northwest of the pit, where two slightly offset pods
extend for about 120-125m each along strike (250m in total) over a
horizontal width of about 15-20m. Based on the geology as currently
understood in this area, the sequence appears to dip fairly steeply
to the north-northeast.
The manganese pods are generally massive, variably hematitic,
hard (siliceous) and brittle, tending to crumble into boulders and
pebbles. Many of the blocks appear hematite dominant, with variable
manganese content, but there are some apparently very high-grade
manganese blocks.
Drill Planning
Initial diamond drilling programmes are proposed for both
Moshaneng and Loltware to follow-up the established manganese
occurrences at both sites.
At Moshaneng it is proposed to test for continuity of high grade
manganese mineralisation at shallow depths on drill two profiles,
while at Loltware, a profile of three short angled holes is planned
to test the full interval of manganese mineralisation encountered
in trench LT-TR01. These holes should provide important information
on the bedding orientation as well as the style, continuity and
grade of manganese mineralisation below the near-surface detrital
manganese recorded in the trenches.
Background on the Kanye Manganese Project (as previously
announced)
Licences & location: The Kanye Manganese Project comprises a
collection of nine prospecting licenses ("PLs") covering a total
area of 4,043km(2) , located in south-central Botswana south of the
town of Jwaneng and west of the town of Kanye and 150km by road
from the capital Gaborone.
Geological setting: The target for manganese mineralisation is
manganiferous shale horizons located on the contact between the
Taupone Group and the underlying Black Reef Formation. This
geological setting is similar to that of the Giyani Metals Corp
manganese occurrences on their Kwgakgwe Hill (K-Hill), Otse and
Lobatse projects which are located just a few kilometres off the
Kanye property. The most significant of these (K-Hill) comprises a
manganese-rich black shale formation within the lower Taupone Group
containing an Inferred Mineral Resource of 1.7 million tonnes
grading 25.7% MnO at a cut-off grade of 7.3% MnO prepared in
accordance with Canadian National Instrument 43-101 (as reported by
Giyani Metals Corp. in April 2021 as part of an updated PEA).
Previous exploration : Previous exploration on the Kanye
property highlighted numerous manganese prospects which had not
been systematically explored. These include the Moshaneng Borrow
Pit where a number of grab samples assaying up to 71% MnO were
reported from massive manganese mineralisation, and the Loltware
Prospect, approximately 4km to the southeast of Moshaneng, where
historical reports noted manganese outcrop with sample assays up to
43.6% MnO.
For further information, please contact:
Bezant Resources Plc
Colin Bird
Executive Chairman +44 (0)20 3416 3695
Beaumont Cornish (Nominated Adviser)
Roland Cornish +44 (0) 20 7628 3396
Novum Securities Limited (Broker)
Jon Belliss +44 (0) 20 7399 9400
or visit http://www.bezantresources.com
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
UK Domestic Law pursuant to the Market Abuse (Amendment) (EU Exit)
regulations (SI 2019/310).
Qualified Person:
Technical information in this announcement has been reviewed by
Edward (Ed) Slowey, BSc, PGeo, technical director of Bezant
Resources Plc. Mr Slowey is a graduate geologist with more than 40
years' relevant experience in mineral exploration and mining, a
founder member of the Institute of Geologists of Ireland and is a
Qualified Person under the AIM rules. Mr Slowey has reviewed and
approved this announcement.
Glossary
The following is a summary of technical terms:
"mineralisation" Process of formation and concentration of
elements and their chemical compounds within
a mass or body of rock
"MnO" Manganese oxide
"National Instrument A national instrument for the Standards of
43-101" Disclosure for Mineral Projects within Canada
"PEA" Preliminary Economic Assessment
"shale" A fine-grained laminated sediment
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