A second rig has commenced drilling at Besra's 3.3 Moz Bau Gold Project1 for the initial 3,000 - 4,000m diamond drill hole program.
Both rigs are fast tracking drilling on the Jugan sector, before moving to the Pejiru and Bekajang prospects.
Drill Holes JUDDH -82, -83, -84, -85, -86, -87 & 88, representing approx. 530m of diamond drillhole coring, have been completed the rigs now drilling locations JUDDH-89 & -90.
The initial batch of core samples has been despatched for assay at SGS's laboratories, with results expected within three to four weeks.
Visual inspection of the drill core target zones continues to reflect pre-drill expectations.
Drilling is progressing as forecast.
Besra's CEO, Dr Ray Shaw commented:
"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. Their performance is testament to the professionalism and enthusiasm of all involved in our Bau Project, who are often operating under challenging circumstances."
West Perth, Australia--(Newsfile Corp. - December 23, 2021) - Besra Gold Inc (ASX: BEZ) ("Besra" or "the Company") is pleased to advise that a second drill rig has commenced operations on Besra's Bau Gold Project. This will accelerate the Company's drilling program at Jugan before moving to the Pejiru and Bekajang prospects.
As outlined to the ASX in the release of 6 December 2021, the Jugan portion of the drilling program will assist in both upgrading the classification and increasing the overall Resource inventory to support future potential development feasibility studies of Jugan.
Bagging and shipment of the initial batch of core samples to SGS for assaying is completed. Geological logging of core, sampling and shipment of further batches for assaying will continue for the foreseeable future. To-date visual logging has confirmed that anticipated target zones continue to reflect pre-drill expectations.
The Jugan deposit is the most mature in Besra's Bau Gold Project corridor where it hosts:
Measured + Indicated Resource of 870,000 Oz1 at 1.5 g/t Au;
Inferred Resource of 90,000 Oz1 at 1.6 g/t Au; and
Additional Exploration Target of 2.0 - 3.2 Moz2,3 at 1.8 - 2.5 g/t Au.
Montage of pictures showing the night shift diamond drilling at Jugan, and visual logging of the drill core at drill site JUDDH -88. Rigs #1 & #2 moving to drill sites JUDDH -89 & -90
To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/3448/108401_besra%20gold%20images.jpg.
1 Refer Prospectus dated 8 July 2021 in Section 3.11 and Attachment G. 2 Jugan Exploration Target ranges between 2.0 - 3.2 million Oz based on a range of grades of 1.82 - 2.50 Au g/t 3 The potential quantity and grade of the Exploration Targets is conceptual in nature; there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration work will result in the estimation of a Mineral Resource.
This announcement was authorised for release by the Board of Besra Gold Inc.
Ray Shaw Chief Executive Officer ray.shaw@besra.com
Australasia Ray Shaw Chief Executive Officer Email: ray.shaw@besra.com
North America James Hamilton Investor Relations Services Mobile: +1 416 471 4494 Email: jim@besra.com
The information in this Announcement that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr. Kevin J. Wright, a Competent Person who is a Fellow of the Institute of Materials, Minerals and Mining (FIMMM), a Chartered Engineer (C.Eng), and a Chartered Environmentalist (C.Env). Mr. Wright is a consultant to Besra. Mr. Wright has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC Code (2012 Edition) of the Australasian Code for Reporting of Exploration Results, and a Qualified Person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.
Kevin J. Wright consents to the inclusion in this Announcement of the matters based on his information in the form and context that it appears.
This Announcement contains certain forward-looking statements and forecasts concerning future activities, including potential delineation of resources. Such statements are not a guarantee of future performance and involve unknown risks and uncertainties, as well as other factors which are beyond the control of Besra Gold Inc. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending upon a variety of factors. Nothing in this Announcement should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities.
Unless otherwise indicated, all mineral resource estimates and Exploration Targets included or incorporated by reference in this Announcement have been, and will be, prepared in accordance with the JORC classification system of the Australasian Institute of Mining and Metallurgy and Australian Institute of Geoscientists.
The information in this announcement is based on the following publicly available announcements previously lodged on the SEDAR platform:
Besra Gold Inc Bau Gold Project Sarawak Malaysia Exploration Target Inventory. Lodged SEDAR Platform Feb 26, 2021;
Besra Bau Project - Mineral Resource and Ore Reserve Updated to JORC 2012 Compliance. Lodged SEDAR Platform Nov 22, 2018;
which are available on https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00001815 or on Besra's website www.besra.com.
Besra (Accipiter virgatus), also called the besra sparrowhawk, occurs throughout southern and eastern Asia. It is a medium sized raptor with short broad wings and a long tail making it very adept at manoeuvring within its environment and an efficient predator.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/108401
The Chinese electric vehicle maker NIO (NYSE: NIO) has taken investors on a wild ride since its IPO in Sept. 2018. However, both NIO and Li are still far ahead of their smaller American counterparts like Lucid (NASDAQ: LCID), which expects to produce 6,000 to 7,000 vehicles this year, and Rivian (NASDAQ: RIVN), which is trying to ramp up its production to manufacture 25,000 vehicles this year.
Investors need to pay close attention to Ford (F) stock based on the movements in the options market lately.
Yahoo Finance's Alexandra Semenova breaks down what to watch from big banks as they're set to release earnings this week.
Sports reporter Josh Schafer outlines how sports betting sites are reacting to California's vote on Prop 27, as well as how China's COVID-19 lockdowns are still impacting casino stocks.
The proposal would likely force food-delivery and ride-sharing companies to classify drivers as employees rather than contractors.
If you're searching for a low-risk, high-yield dividend stock, this wireless leader could be worth considering.
Alibaba Group Holding (NYSE:BABA) has had a rough three months with its share price down 27%. However, the company's...
Some stocks are best avoided. We don't wish catastrophic capital loss on anyone. Anyone who held Carnival Corporation...
Billionaire hedge-fund investor Paul Tudor Jones says investors looking to time the bottom in stocks should keep a close eye on short-term Treasury yields.
Warnings about monetary overkill by central banks are growing louder. This time the insurgency is coming from within America's New Keynesian elite.
Yahoo Finance Live’s Brad Smith breaks down how stocks are trading on Tuesday.
Shares of enterprise software companies Twilio (NYSE: TWLO), Snowflake (NYSE: SNOW), and Appian (NASDAQ: APPN) fell hard again Monday, down 6.3%, 9.3%, and 6.5%, respectively, as of 3:44 p.m. EDT. In addition, long-term bond yields remained high. On Monday, cloud-based service-center software company Five9 (NASDAQ: FIVN) plunged over 25%, after CEO Rowan Trollope announced he would be resigning for another role at a pre-IPO tech company.
In the latest trading session, Uber Technologies (UBER) closed at $27.53, marking a -1.92% move from the previous day.
The Federal Reserve's hawkish stance to control surging inflation by increasing interest rates has weighed heavily on growth stocks this year, with investors deciding to dump high-growth companies despite some impressive financial results. Advanced Micro Devices (NASDAQ: AMD) and Fortinet (NASDAQ: FTNT) are two such growth stocks that have borne the brunt of the market sell-off. While AMD stock is down nearly 60% in 2022, Fortinet has lost 28% of its value so far.
Intel Corp and Alphabet Inc's Google Cloud on Tuesday said they have launched a co-designed chip that can make data centers more secure and efficient. The E2000 chip, code named Mount Evans, takes over the work of packaging data for networking from the expensive central processing units (CPU) that do the main computing. It also offers better security between different customers that may be sharing CPUs in the cloud, explained Google's vice president of engineering, Amin Vahdat.
After the annus horribilis of 2022, with the final quarter now in play, investors will be hoping a late-year rally will materialize. According to Carson Group's chief market strategist Ryan Detrick, that’s not such a far-fetched idea. "While October has a reputation for crashes, it is really a bear market killer,” Detrick recently wrote. “Of the past 17 bear (or near bear markets), stocks bottomed in October six times. Could it happen again? With sentiment this pessimistic and extremely positive
In this article, we will discuss the 12 best forever stocks to buy now. If you want to see some more of the valuable companies, go directly to 5 Best Forever Stocks to Buy Now. The S&P 500, NASDAQ, and Dow indices have experienced a significant dip since the start of 2022, providing attractive investment opportunities […]
In this piece, we will take a look at the 11 best pipeline and MLP stocks to buy. If you want to skip our industry primer and head on to the top five stocks in this list, then take a look at the 5 Best Pipeline and MLP Stocks to Buy. Taking stock of the […]
These companies have been hit hard in 2022 but are likely to see significant growth over the long term.
Many hyper-growth stocks skyrocketed to all-time highs last year as overly bullish investors convinced themselves it was reasonable to pay 30, 40, or even 50 times sales for unprofitable tech companies. Let's take a look at three promising hyper-growth stocks that investors should consider buying today before the bulls come back: Snowflake (NYSE: SNOW), CrowdStrike (NASDAQ: CRWD), and Cloudflare (NYSE: NET).