Besra expands higher grade gold zone at Bau Goldfield, East Malaysia
Wednesday, Nov 28, 2012
Besra's CEO John Seton, said, "the confirmation of a substantially higher grade gold zone at Jugan Hill which is now shown to extend to beyond 320 meters vertically below surface reaffirms our confidence in the conceptual model of increasing grade at depth as we continue to move forward with the project. In the coming weeks, the Company expects to release an updated gold resource estimate from Jugan Hill as part of the Bau Project feasibility study."
Besra has been aggressively exploring the seventeen km long Bau Central gold trend since first acquiring the property in 2009. The Bau gold trend contains thirty-four known gold prospects, at various stages of exploration advancement. The current JORC/NI43-101 global resource stands at 913,500 oz Au "measured and indicated" (17,058,000 tonnes @ 1.67g/t Au) and 2,108,100 oz Au "Inferred" (50,062,000 tonnes @ 1.31 g/t Au). Geological, geophysical and geochemical studies and on-going drilling programmes are in progress to further expand and up-grade this resource.
The Bau property is a brown-field project, spread over a large geographic area in which the Company is in a consortium with a Malaysian company with material Bumiputra interest that owns rights to consolidated mining tenements covering much of the historic Bau Goldfield in Sarawak, East Malaysia.