Total
0
Shares
Source: Besra
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Besra Gold (BEZ) designs a drilling program at the Pejiru Gold Deposit, located within the Bau Project in East Malaysia
  • The drilling program is targeting extensions to the deposit, aimed at both upgrading the classification and increasing the overall resource inventory
  • The program will include around 3000 metres of drilling, which is planned to commence in the next two to four weeks
  • On market close for the day, Besra was down 3.03 per cent and is trading at 16 cents per share

Besra Gold (BEZ) has designed a drilling program at the Pejiru Gold Deposit, located within the Bau Project.

The drilling program is targeting extensions to the deposit, aimed at both upgrading the classification and increasing the overall resource inventory. This will support future potential development feasibility studies.

The program will include around 3000 metres of drilling, which is planned to commence in the next two to four weeks.

Previous intercepts at Pejiru includes 32 metres at 11.4 grams per tonne (g/t) and 55 metres at 2.3 g/t.

“Given the limited drilling density, and as reflected in the current Inferred Resource classification, the extent of mineralisation remains open at several locations both in the dip and strike directions,” the company said.

“Proposed targeted infill and step-out drilling is intended to better define the extent of
mineralisation as well as allow upgrading of the resource classification to enable their support in future feasibility studies.”

Notably, comprehensive geophysical coverage, from previous historical drilling results, has identified 16 potential sub-vertical feeder systems within the Pejiru Sector.

The Bau Goldfield is located in East Malaysia and has a long history of successful gold mining.

On market close for the day, Besra was down 3.03 per cent and is trading at 16 cents per share.

BEZ by the numbers
More From The Market Herald

" Red River Resources (ASX:RVR) heats up production at Thalanga

It’s been a busy three months at Red River Resources’ (RVR) Thalanga Operation, with lead zinc and copper production all heating up.

" Musgrave Minerals (ASX:MGV) finds ‘bonanza’ gold at Big Sky

Musgrave Minerals (MGV) has received more results from drilling at the Big Sky prospect, which is part of its Cue gold project in
Suvo Strategic Minerals (ASX:SUV) - Executive Director, Aaron Banks (left) and Executive Chairman, Robert Martin (right)

" Suvo Strategic Minerals (ASX:SUV) begins drilling at Nova

Suvo Strategic Minerals (SUV) has begun the second phase of drilling at its Nova silica sands project in Western Australia.

" Torian Resources (ASX:TNR) extends Tyrannus gold footprint

Torian Resources (TNR) has extended gold mineralisation at the Tyrannus prospect within the Mt Stirling gold project near Lenora in Western Australia.