TIDMBZT
RNS Number : 5189F
Bezant Resources PLC
22 March 2022
22 March 2022
Bezant Resources Plc
("Bezant" or the "Company")
Update on Kanye Manganese Trenching and Soil Programme,
Botswana
Bezant (AIM: BZT) is pleased to provide information on recent
field work completed at its' 100% owned high-grade Kanye manganese
project in Botswana.
Highlights:
-- Soil sampling between the Loltware manganese occurrence and
the Moshaneng Borrow Pit has confirmed a strong, continuous soil
anomaly of greater than 2km lateral extent and up to 750m wide
based on hand-held XRF analyses of sieved soils.
-- Trenching at the Loltware prospect intersected zones of
in-situ manganese mineralisation based on hand-held XRF analysis of
one metre channel samples.
-- Trench channel samples have been dispatched for full
laboratory analysis which we would anticipate would take about 4-6
weeks to complete.
-- Based on preliminary evaluation, it appears that Loltware is
a distinct manganese sub-zone, with the larger target located
around and southeast of the Borrow Pit.
-- Once trench assay samples are received and evaluated
preparations will be made for a maiden drill programme at the Kanye
project.
Colin Bird, Executive Chairman of Bezant, commented :
" We are very pleased with these initial results which have
provided us with increased confidence that there is potential
within the project area for a large manganese deposit. Once
laboratory assay results for the trench channel samples are
received we will proceed to a drilling programme to define the
continuity and extent of the zone. "
Work Completed
Following on from the previous announcement of 31 January 2022,
the Company has undertaken a programme of trenching and soil
sampling across the area from Loltware to Moshaneng Borrow Pit to
establish the continuity and extent of the manganese mineralised
zone between the two target areas lying almost 4km apart.
Three trenches about 50m apart, totalling approximately 150m in
length were dug by excavator at Loltware to look for the source of
the high grade manganese boulders previously recorded in the area
and to help understand the geological setting. The trenches passed
from footwall quartzites, through a siliceous manganese zone, into
hangingwall comprising nodular manganiferous/ferrugineous bedrock
with disseminated manganese.
A total of 74 channel samples 1-2m long were collected from
trenches through all zones of interest and were checked for
manganese content by hand-held XRF analysis. Of particular interest
was an 8m wide zone in Trench 1 with visible manganese, including
some local pockets of high grade. The channel samples have been
dispatched to an analytical laboratory for definitive analysis.
To test the wider extent of the manganese mineralisation in an
area with limited bedrock exposure a soil sampling grid was laid
out between Loltware and the Moshaneng Borrow Pit on lines 200m
apart, with sample stations every 50m. The 363 samples collected
were sieved and bagged to facilitate analysis by hand-held XRF.
Previously planned sampling was curtailed somewhat to focus
initially on the core target area and to avoid crossing cultivated
farmland.
The results show a coherent soil anomaly >500ppm Mn
stretching over 2,000m x 750m in a NW-SE orientation (aligned with
bedrock strike) from northwest of the Borrow Pit approximately half
way towards Loltware. A separate, more localised anomaly was found
at Loltware.
The results confirm the possibility of a target of significant
size and manganese tenor on the Kanye property which will be the
focus for the next stage of work, and which is planned to include
drill testing.
A soil anomaly plot is linked below for reference:
Moshaneng-Loltware Mn soil anomaly
http://www.rns-pdf.londonstockexchange.com/rns/5189F_1-2022-3-21.pdf
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 7581 4477
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
"XRF Spectrometer Instrument to determine the chemistry of a
" sample by measuring the fluorescent (or secondary)
X-ray emitted from a sample when it is excited
by a primary X-ray source
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