Expectations high as Besra Gold ramps up Borneo Bau Project drilling
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Besra Gold set to drill 16 diamond holes targeting extensions to existing mineralisation at the Bau Gold Project in Borneo, as rigs move from the Jugan deposit to the highly prospective Bekajang prospect.
Besra (ASX:BEZ) says it is also looking to evaluate the mineral potential associated with deeper geophysical anomalies situated beneath the existing Bekajang resource, which currently comprises 644,000oz at 1.6g/t gold.
Around 18 holes have been completed at the Jugan prospect with assays for seven of these reported to date, while another 11 holes remain pending with results anticipated from the end of this week.
The Bau Gold Project is located 30-40km from Kuching, the capital city of the State of Sarawak, Malaysia, on the island of Borneo.
The project is defined by a gold mineralisation system covering approximately an 8km x 15km corridor, centred on the township of Bau.
Within this corridor, Besra has identified total resources of 72.6Mt at 1.4g/t for 3.3Moz of gold, involving several discrete deposits together with an exploration target ranging between 4.9Moz and 9.3Moz.
BEZ managing director Dr Ray Shaw said expectations are running high as the company awaits the results of the remaining four batches of holes from the Jugan prospect.
“The objective is twofold – deeper exploration drilling to investigate the source of geophysical anomalies located below the existing shallow resource envelope and upgrading of the resource inventory,” he said.
“The deep geophysical anomalies are similar to those recorded beneath the adjacent historic high grade open pit Tai Parit mine which produced 700,000 ounces at a remarkable 7.6g/t gold.”
Visually, BEZ says the outstanding diamond core is highly prospective which is in addition to the “excellent” results released recently, including 47m at 2.21g/t gold from surface to 57m and 58m at 2.67g/t gold from surface to 58m.
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.