Besra Gold says the latest assay results from its Jugan project in the Bau goldfields of Sarawak, Malaysia, show the potential for stand-alone open-pit development.

Besra Gold (ASX:BEZ) controls a 97.8% interest in the Bau Gold Project and has identified total resources of 72.6Mt at 1.4g/t gold for 3.3Moz of gold across a number of deposits – including Jugan.

The last two batches of drilling returned:

  • 63m at 1.9g/t from 19m to 82m, including 11m at 3.5g/t from 41m to 52m (JUDDH-91);
  • 36m at 1.2g/t from 33m to 69m, and 7m at 1.2g/t from 15m to 22m (JUDDH-92);
  • 26m at 1.7g/t from 4m to 30m (JUDDH-93); and
  • 6m of mineralisation including 6m at 1.5g/t from 0m to 6m, 5m at 1.9g/t from 8m to 13 m, and 14m at 1.1g/t from 55m to 69m, 21m at 1.8 g/t from 72m to 93m, 11m at 3g/t from 95m to 106m and 9m at 1.7g/t from 114 to 123m (JUDDH-94).

Higher grades than historical mining

Historical drilling at Jugan previously delineated a measured and indicated resource of 870,000 Oz at 1.5g/t gold, and inferred resource of 90,000 Oz at 1.6g/t gold; and an additional exploration target of 2.0–3.2Moz at 1.8 – 2.5g/t gold.

Notably, intersections in JUDDH-93 & JUDDH-94 extend near surface mineralisation footprint at Jugan Hill, as well as intervals of significantly higher gold grades.

“Jugan mineralisation continues to impress with the latest two batches of results delivering further interval and grade consistencies,” CEO Dr Ray Shaw says.

“Significant intervals of higher gold grade, intersected in both JUDDH-91 & 94, focus on the potential for producing an average blended run-of-mine (ROM) at grades considerably higher than otherwise indicated by the historical global average grades at Jugan.”



This article was developed in collaboration with Besra Gold Inc, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.