Bezant Resources, a copper-gold exploration and development company, has been granted approval for its Environmental Impact Assessment (EIA) to explore Eureka Copper-Gold Project in the Jujuy, Northern Argentina.
The company has received approval for the ten of the 11 licenses, covering nearly 3,400ha of the total 5,500ha copper/gold deposit, from the relevant authorities.
With the latest approval of EIA, the company will commence full-scale exploration works on the site, with a focus on the near surface copper-gold mineralization in the license areas that have previously hosted small-scale mining operations.
Bezant said that the Eureka Project has the potential to be developed into a low-cost copper-gold mine.
As part of the EIA, the company executed a variety of geophysical and geochemical tests in order to establish a cost effective exploration program. Rock samples collected, including from areas without clearly identifiable copper seams, returned copper values ranging from 27 parts per million (ppm) to 4.48%.
Bezant Resources chief executive officer Bernard Olivier said , "We thank all levels of the Argentinian Government for their support in approving our EIA for Eureka as part of a larger initiative to support local mining in Jujuy and the ongoing cross-border investments being made into the country to develop natural resource projects."