Besra puts the pedal to the metal at Bau gold project with second rig spinning
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Malaysian gold explorer Besra Gold is ready to supercharge exploration and resource drilling at its 3.3Moz Bau gold project, after getting a second diamond rig to site.
The second rig has been put to work by Besra (ASX:BEZ) immediately at the 960,000oz Jugan deposit, where an initial 3,000-4,000m diamond program is taking place.
Both rigs are “fast-tracking” drilling at Jugan, the most mature deposit in the Bau corridor with 870,000oz in measured and indicated resources at 1.5g/t, 90,000oz of inferred resources at 1.6g/t and an exploration target on top of that of 2-3.2Moz at 1.8-2.5g/t.
After Jugan the rigs will move to Pejiru and Bekajang. Around 530m of coring has been completed across holes JUDDH 82-88 with drilling now taking place at holes 89 and 90.
Assays are expected in three to four weeks from the SGS labs, with the first batch of samples already shipped, and visual inspections of the drill core show target zones are reflecting pre-drill expectations.
Besra CEO Ray Shaw said the company’s in country team in East Malaysia is continuing to hit its straps despite the issues posed by Covid.
“Our in-country team together with our contractors continue to deliver despite further recent restrictions arising from the Omicron strain of the Covid-19 virus,” he said.
“Their performance is testament to the professionalism and enthusiasm of all involved in our Bau Project, who are often operating under challenging circumstances.”
This article was developed in collaboration with Besra Gold, 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.