New resource coming for Bau Central
1st Feb 2012
TORONTO, Feb 1 – Olympus Pacific Minerals aims to release a new resource estimate this quarter after drilling confirmed significant mineralisation widths at the Bau Central gold project in Sarawak, East Malaysia.
Infill and step-out drilling has continued to upgrade and expand the Jugan open-pit resource, with best results 78.3m @ 2.01 g/t, 38.1m @ 3.91 g/t and 40m @ 3.99 g/t including 17m @ 5.69 g/t.
Metallurgical studies are under way and two process routes – Albion and pressure oxidation – have been short-listed for detailed evaluation. Olympus CEO John Seton says a definitive mining feasibility study is expected by the end of this year.
The near-surface Jugan deposit, which outcrops as a low hill at the northern end of the Bau Central gold trend, is the first of several deposits slated for development within the historic gold-mining area.
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