ASX-listed company Besra Gold (ASX:BEZ) reports it has returned ‘exceptional’ and ‘bonanza’ grade gold (Au) intercepts following a diamond drilling (DD) campaign at its Bekajang project in Malaysia’s Bau Goldfield.
The results, generated by 21 diamond drillholes, have returned ‘high-grade’ Au intercepts that indicate a potentially ‘significant’ understorey of mineral endowment that is separate from the shallow Bau Limestone, known as the Pedawan Shale Contact (LSC) target.
Key intercepts include, 13m at 22.91g/t Au from 58m to 71m including 0.5m at 209g/t Au from 60.5m to 61m and 1m at 64.0g/t Au from 61m to 62m (BKDDH-27), as well as 9M AT 17.71g/t Au from 19 to 28m including 1.4m at 71.9g/t Au from 19.4m to 20.8m (BKDDH-23).
It is reported that the results from drillhole BKDDH-23 represent a challenge to the customary views of the tenor of mineral endowment associated with the LSC target.
Speaking on the results, Besra Gold CEO, Dr. Ray Shaw says: “The results of the BKDDH drilling program highlight just how little understood are the controls on mineral endowment within what is the most mature sector of the Bau Gold Field corridor that includes two very ‘significant’ historical mines, Tai Parit and BYG.
“The potential implications of the ‘exceptional’ grades intercepted during our recent drilling, demand priority follow-up, and may lead to a fundamental revision and upgrade of Bekajang’s potential”
The potential implications of the ‘exceptional’ grades intercepted during our recent drilling, demand priority follow-up, and may lead to a fundamental revision and upgrade of Bekajang’s potential.”
The company also notes that while the LSC mineralisation is dominantly stratigraphically controlled, deeper Bau mineralisation has potential to have greater structural control and could be possibly directly linked to a nearby intrusive that has been interpreted from geophysical anomalies.
In addition, it is reported that work is currently underway on a revised exploration strategy to try and identify Tai Parit and BYG analogues within the Bekajang project precinct.
Besra Gold is a gold mining focused exploration and development company that is currently active within Easy Malaysia’s Bau Goldfield. The company’s Bau project is situated in the state of Sarawak within this world-class area, with 92% of all associated tenements being owned by Besra Gold. However, this will increase to a 97.8% interest following the successful completion of listing when the company intends to undertake its business strategy in order to advance its interests in the project.
The project currently contains multiple brownfield exploration projects and boasts a combined JORC 2012 Mineral Resource Estimate (MRE) of 72.6Mt at 1.43g/t Au for 3.3Moz Au.
With results from the DD campaign now received, Besra Gold announces it will move forward with a second round of drilling that is scheduled to commence shortly to follow up on the potential implications of these ‘exceptional’ Au grades.
Images: Besra Gold Inc & iStock
