TORONTO, ONTARIO--(Marketwire - November 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."
HIGHLIGHTS:
-- Expansion of high grade gold zone at depth in the Jugan Hill Gold
Deposit
-- The trend of increasing grade with depth indicates greater development
potential
-- Drill holes JUDDH80 and JUDDH79 respectively intersected 24.00m @
2.68g/t gold (including 15.00m @ 3.86g/t Au) and 26.60m @ 2.12g/t gold
(including 15.0m @ 3.33g/t gold) (i)
(i) These drill results follow the previously announced result of 24.50m
@ 7.15g/t Au in hole JUDDH68A (See Olympus press release dated 20
September 2012)
JUGAN HILL DEPOSIT - LATEST DRILL RESULTS
The current phase of drilling at Jugan Hill commenced in October 2011 and now comprises a total of 17,395.40 meters in seventy-six holes. Since the intersection of 24.5 meters @ 7.15g/t Au in JUDDH68A (See Olympus press release dated September 20, 2012), the Company has completed a further nine holes (JUDDH73 - JUDDH81) designed to assess the continuity and size of this higher-grade zone. Fifty-meter step-out holes JUDDH79 and JUDDH80, drilled approximately 50m beneath (320m below surface) and to each side of JUDDH68A, encountered gold grades that are significantly higher than most of the intercepts drilled at shallower levels in the deposit. JUDDH-79 returned a main intercept of 26.60 meters @ 2.12g/t Au from 316.4 meters down hole, including a higher-grade interval of 15.0 meters @ 3.33g/t Au, whilst JUDDH-80 returned 24.0 meters @ 2.68g/t Au, including 15.0 meters @ 3.86g/t Au.
These results confirm that the deposit grade increases downwards from approximately 275 meters vertically below surface and remains open beyond the current limit of drilling at 320 meters vertical depth.
The long-section showed in the figure below plots gold grade multiplied by mineralized intercept width and generally depicts the gold grade distribution within the deposit. This clearly shows the top of the higher-grade zone that remains open at depth.
To view the Figure associated with this press release, please visit the following link: http://media3.marketwire.com/docs/besrafig1.pdf
The increasing gold grade with depth substantiates the analogy of the Bau Gold trend with the prolific Carlin gold trend in Nevada. The mineralization remains open along-strike as well as down-dip. This highlights the potential for further resource expansion.
The trend of increasing grade with depth also highlights the potential for possible underground mining beneath the currently proposed open-pit development.
Besra is now updating the resource model and expects to announce a new Jugan Hill resource estimate during the current quarter. Assay results from the latest holes are shown in the table below, while full results of all drill holes drilled by Besra in the current programme are tabulated in Appendix A.
True Widths Undetermined
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Contacts:
Besra
James W. Hamilton, Vice-President Investor Relations
T: (416) 572-2525 / TF: 1-888-902-5522
TF: 800-308-602 (Australia)
(416) 572-4202 (FAX)
ir@besra.com
www.besra.com
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