Olympus Pacific Minerals has drilled a 24.50 meter intersection grading 7.15 g/t gold in drill hole JUDDH68A at its Jugan Hill deposit within the Bau Gold Project in Sarawak, East Malaysia. This result adds weight to the company's expectation of higher gold grades at depth. The company is drilling progressively deeper holes within the deposit to test the conceptual model, which predicts higher grades at depth below the [...]
In the news release, Milestone: Test Work Proves Metallurgical Viability At Jugan Hill, Bau Goldfield, East Malaysia issued September 10, 2012 by Olympus Pacific Minerals over Marketwire, we are advised that the Bau NI 43101 resource statement after the first paragraph, should read, (i)M&I 913,500 ounces Au (17,050,800 tonnes @ 1.67 g/t Au). The corrected release is enclosed.
Located in East Malaysia, Central Bau is a large and historic goldfield with an established NI 43101/JORC(i) gold resource. Currently Olympus controls 83% of the project which will increase to 93% over the next two years. For the past few months Olympus Pacific's team has been testing metallurgy of the Jugan Hill deposit(ii) in the Bau goldfield as part of the feasibility study. The study is due for completion in 2013 [...]
Chief Executive Officer, John Seton is pleased to announce the appointment of Mr. Darin Lee as Chief Operating Officer (COO) of Olympus Pacific Minerals. John Seton said "Darin has the experience and drive to take Olympus to the next level of development at our Bau project, East Malaysia and to hone and improve production in Vietnam." Olympus' gold production has steadily increased since the second quarter production [...]
Olympus Pacific Minerals Inc., Chief Executive Officer John Seton reports that second quarter calendar year 2012 gold production of 7,839 ounces was lower than projected. At Phuoc Son, ore is now being sourced from two discrete deposits and the lower production resulted from diminished tonnage output during engineering remediation of the Southern Deposit, compounded by higher than expected grade dilution during initial [...]
TORONTO, ONTARIO -- (Marketwire) -- 06/20/12 -- Olympus Pacific Minerals Inc., Chief Executive Officer, John Seton, announces the resignation of Olympus' Chief Operating Officer (COO), Klaus Leiders, because of personal reasons.
Mr. Leiders's duties and responsibilities will be managed by Charles Barclay (the Company's former COO) and Paul Seton (the Company's CCO) during the interim period while the Company selects a [...]
TORONTO, ONTARIO -- (Marketwire) -- 04/03/12 -- Olympus Pacific Minerals Inc. (TSX: OYM)(OTCQX: OLYMF)(FRANKFURT: OP6)(ASX: OYM) announces that it has changed its fiscal year-end to June 30 from its current fiscal year-end of December 31. This change will better align the Company's financial reporting with its operational and budgeting cycle as well as facilitate the annual financial reporting process so that it does [...]
-- In-fill and, step-out drilling at Bau Central continues to upgrade the resource category and expand the prospective open-pit resource. Results received since the previous announcement dated February 1, 2012, include:
Bau Resource Increases 23% to More Than 3 Million Ounces
TORONTO, ONTARIO -- (Marketwire) -- 03/05/12 -- Olympus Pacific Minerals Inc. (TSX: OYM)(OTCQX: OLYMF)(FRANKFURT: OP6)(ASX: OYM). Chief Executive Officer, John Seton, is pleased to announce that building on the production increases of 2011, gold resources have increased by 569,200 ounces to a new total of 4.53 Million ounces (refer to the attached Reserve/Resource Table at Appendix A).
TORONTO, ONTARIO -- (Marketwire) -- 02/15/12 -- Olympus Pacific Minerals Inc. (TSX: OYM)(OTCQX: OLYMF)(FRANKFURT: OP6) Executive Chairman David Seton announces that Mr John Seton has voluntarily tendered his resignation effective February 15, 2012 to enhance the independence of the board. Giving effect to Mr. Seton's resignation, three of the four directors of the Company (Deputy Chairman Kevin Tomlinson, Mr. Les
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