TORONTO, ONTARIO -- (Marketwire) -- 12/04/12 -- BESRA (TSX: BEZ)(ASX: BEZ)(OTCQX: BSRAF)(FRANKFURT: OP6) recently completed 76-hole drill programme at the Company's Bau property in East Malaysia has substantially increased the gold resource at the Company's Jugan Hill Gold Deposit.
John Seton, CEO comments: "Besra has increased the total gold resource at Jugan Hill by 42%. This represents an increase of 284,900 ounces [...]
TORONTO, ONTARIO -- (Marketwire) -- 11/27/12 -- 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 [...]
Besra Gold announced today the closing of its offer to amend its existing convertible and gold loan notes. The solicitation for consents to the Note Holders has been completed regarding the proposed amendments to: (1) 8% Senior Secured Redeemable Gold Delivery Promissory Notes due May 31, 2013, (Gold Loan Notes),
Besra is the new name for Olympus Pacific Minerals. After twenty years operating as Olympus Pacific Minerals Inc it is time for a change. Why a SE Asia based gold mining company should be named after a mountain in Greece is one of those strange "it just ended up that way" kind of anomalies. With a bold and bright expansion plan ahead of it, the company felt it was the right time to adopt a new name. An appropriate name [...]
Olympus Pacific Minerals today announced that it has reached an agreement with Euro Pacific Capital, Inc. as investor representative, to propose certain amendments to holders of the Company's outstanding convertible notes and gold loan notes), subject to the consent of the applicable noteholders. No amendments will be made to the notes of holders who do not consent to the amendment offer.
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 [...]
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 [...]
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