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Bezant Announces Completion of Exploration Review on Buffalo Cu-Au Project in Zambia

Mining News - Published on Fri, 12 Jul 2019

Image Source: PR Newswire
Bezant, the copper-gold exploration and development company, announced that its geological survey team has completed an exploration review on the Buffalo project, a 398 hectares copper/gold asset situated in the Central Zambian iron oxide copper-gold belt, over which the Company holds a conditional option to acquire a 50 per cent interest.

Overview

The exploration review has identified a zone of structural focus centred on a site of artisanal copper/gold mining activity within the Buffalo open pit. This supports the prospective nature of a mineralised structure traversing the project's licence area which is seemingly open at depth.

The Buffalo project is located within a major east-northeast/west-southwest structural corridor in the Central Zambian IOCG province. Approximately, 70 km to the southwest along the structural corridor lies the Jifumpa copper mine, currently operated by a Chinese enterprise, Ruida Investments Limited. Deposits in this province are generally hosted at a higher stratigraphic level within the same rock package as the world-class Zambian copper belt deposits. The IOCG province was previously subject to only limited exploration due to the focus on the long-established projects located on the copper belt. Nevertheless, such historic exploration resulted in the discovery of several significant copper deposits, including the Kalengwa mine (production estimate of 1.9 Mt @ 9.44% Cu, 50 g/t Ag) and the Kitumba (Mumbwa) deposit with a resource estimate of 87.6 Mt @ 1.17% Cu, including 29.8 Mt @ 2.13% Cu. In other global mining districts, major projects have been brought into development hosted within similar IOCG structures including BHP's giant Olympic Dam mine located in South Australia.

Bezant's exploration team is assessing the structural characteristics of the Buffalo project in order to determine the style and continuity of the mineralisation evident in the exposed mine pit.

Work programme

The majority of Bezant's work was focused on the currently mined open pit zone where copper and gold mineralisation is being recovered by small scale, artisanal miners for direct sale to local processors. The northwest wall of the pit comprises semi-massive limestone/dolomite and conglomerate/breccia, while the southeast wall of the pit is formed of a complex series of banded siltstones and brecciated mudstones. At the Buffalo project site, the geological survey team identified visible copper oxide (malachite) mineralisation at surface across the open pit area (refer to photos 4 and 5 at: http://www.rns-pdf.londonstockexchange.com/rns/0081F_1-2019-7-9.pdf) with no sulphides identified to date.

Source :

Posted By : Sanju Moirangthem on Fri, 12 Jul 2019
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