Source - SMW
Bezant's  (LON:BZT) shares soared after it entered into an exploration agreement with Exumax, a Colombia-based alluvial mining company.

This is to secure Exumax's management services and expertise in respect of a planned 24-month exploration and development programme for the Company's near surface platinum and gold assets located in the Choco Region of Colombia, over which it holds certain options. 

In connection with the Exploration Agreement, the Company has also agreed to acquire a special purpose vehicle, Birkenhead Estates S.A., which holds, inter alia, certain proprietary geological information and other data and intellectual property rights to be utilised by Exumax in performing its services under the Exploration Agreement.

* * *

Minco (LON:MIO) has announced the start of a first-stage diamond drilling programme to explore for zinc-lead at Moate, County Westmeath, Ireland.

The drilling was centered on a specific geological target, identified by Minco, with potential for zinc-lead mineralization of Tynagh Mine type.

Minco has planned an initial drilling programme of six inclined drill holes for a total of 1400 metres of drilling. 

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Shanta Gold (LON:SHG) has unveiled an upgraded JORC Code compliant (2012) resource estimate at the Ilunga satellite deposit at the New Luika Gold Mine (NLGM) located in the Lupa Goldfields, southwest Tanzania. 

Ilunga is located 2.5km northeast of the NLGM central processing facility with access already developed as part of the current open pit mining operation.


- Significant increase in resource and gold grade at Ilunga;

- Indicated Resources increase 409% from 40,352 ounces gold ("oz Au") to 205,347 oz Au;

- Indicated Resource tonnage increases 336% from 311,355 tonnes to 1,356,054 tonnes;

- Indicated Resource gold grade rises 17% from 4.03 grams per tonne ("g/t") Au to 4.71 g/t Au; and

- Total Ilunga resources (Indicated and Inferred categories) upgraded from 73,940 oz at 3.51 g/t to 257,965 oz at 4.55 g/t.

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Greatland Gold (LON:GGP) says the programme of work application for the Ernest Giles gold project has been approved and field operations have now begun. 

The company said approval has been received from the Western Australian Department of Mines and Petroleum for the Programme of Work application for the Ernest Giles gold project and its field operations team are now on site at the Ernest Giles project and are preparing access tracks and drill locations.

The Ernest Giles work programme includes plans for 6,000 meters of wide-spaced RC drilling that will target gold, arsenic and antimony anomalies identified by soil sampling and previous drilling.

Greatland expects drilling to commence within the next four weeks and will update the market accordingly at that time.

Executive director Callum Baxter said: "We are very pleased to have commenced field operations at our 100% owned Ernest Giles project and, subject to weather conditions, we anticipate that drilling will commence within the next four weeks.

"The Ernest Giles project covers a significant portion of a large greenstone belt that has been subject to little historical exploration. The large greenstone belts in Western Australia host multiple million ounce gold deposits and our intention is determine whether similar deposits may be hosted within this remote and largely unexplored greenstone belt.

"We will continue to announce developments at the Ernest Giles project over the weeks ahead as the drill programme continues."

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Regency Mines (LON:RGM) has initiated a review of its Motzfeldt Multi-Element Project, covering the Motzfeldt Centre, Greenland, and contained within its license 2014/01.

This was with a view to conducting further work that will give a comprehensive understanding of the composition and economic potential of the Motzfeldt Centre, most of which remains unexplored or lightly explored.


- The Motzfeldt Centre Project includes a previously notified JORC Inferred Mineral Resource of 340Mt @ 120ppm Ta2O5, 4,600ppm ZrO2, 1,850ppm Nb2O5 and 2,600 ppm total rare earth oxides

- Resource contains a significant Tantalum Resource

- Other areas within the license with potential for mineralisation little explored

- Globally significant scale of existing Resource indicates further potential.

At 4:28pm:

(LON:BEM) Beowulf Mining PLC share price was +0.38p at 4.38p

(LON:BKY) Berkeley Energia Ltd share price was 0p at 44p

(LON:BZT) Bezant Resources PLC share price was +1.25p at 3.25p

(LON:CEY) Centamin PLC share price was -0.3p at 156.5p

(LON:CHL) Churchill Mining PLC share price was +0.38p at 27.38p

(LON:CZA) Coal of Africa Ltd share price was -0.19p at 3.13p

(LON:FDI) Firestone Diamonds PLC share price was +1.5p at 44p

(LON:FRES) Fresnillo PLC share price was +23p at 1717p

(LON:GEMD) Gem Diamonds Ltd share price was -0.25p at 125.25p

(LON:GGP) Greatland Gold PLC share price was +0.01p at 0.26p

(LON:HOC) Hochschild Mining PLC share price was +4.15p at 273.35p

(LON:KMR) Kenmare Resources PLC share price was +1.63p at 253.63p

(LON:MIO) Minco PLC share price was +0.18p at 1.38p

(LON:RGM) Regency Mines PLC share price was 0p at 0.58p

(LON:SHG) Shanta Gold Ltd share price was +0.88p at 10.13p

(LON:VED) Vedanta Resources PLC share price was +14.5p at 516.5p

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