posted in:

Besra expands higher grade gold zone at Bau Goldfield, East Malaysia

Wednesday, Nov 28, 2012

Besra (TSX:BEZ)(ASX:BEZ)(FRANKFURT:OP6)(OTCQX:BSRAF) announces further expansion of a higher-grade zone at the Jugan Hill area of the Company's Bau property in East Malaysia.

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.

Source: Marketwire

posted in:

Other Mining News

Ore grades spike in North Raise area of LKA's Golden wonder mine 21-04-2014
Marathon completes successful sprite zone winter drilling program, Valentine Lake property 18-04-2014
Aureus Mining Inc. - appointment of MonuRent to provide and maintain fleet for owner mining operation at the New Liberty Gold Project in Liberia 18-04-2014
Vista Gold Corp. announces option agreement on the Guadalupe de los Reyes project 16-04-2014
Ivanhoe Mines' drilling program extends depths of rich zinc and copper zones at the Kipushi Mine in D.R. Congo 16-04-2014
Vorkutaugol to commission 11 new coal faces across its mines in 2014 16-04-2014
Vanstar updates on Liam drilling 15-04-2014
Lakeland Resources Inc. acquires 5 new uranium properties in the Athabasca Basin 14-04-2014
Comstock Mining provides update 11-04-2014
Sierra Mining Limited announces registration of scheme booklet 11-04-2014