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Besra Gold Inc.
Summary
| Project: | Bau | |
|---|---|---|
| Deposit: | Bau | |
| Location: | Malaysia | |
| Commodities: | Gold | |
| Date: | 11/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 22-11-2018: Besra Gold Inc. announces a Resource Estimation report for its Bau deposit at the Bau project. Updated mineral resource estimate to JORC and NI43-101 compliance. The Bau Goldfield Projects on the Island of Borneo in Sarawak, Federation of Mala | |
| Resources: | (Reserve, P+P): 10.662Mt @ 1.70g/t Au | |
| CP/QP: | [Resources]: Kevin Wright (Wrightech Engineering) | |
| ABSTRACT: | The Bau Goldfield Projects on the Island of Borneo in Sarawak, Federation of Malaysia is a brown-field project comprising Mining and Exploration tenements that cover about 1,340 km2 of highly-prospective ground within the historic Bau Goldfield. Besra Gold Inc. currently owns and controls 92.06% of the Bau Project JV through its subsidiary, North Borneo Gold Sdn Bhd, (“NBG”) a Malaysian incorporated company. The other minority co-ventures are a Malaysian Mining Group, Gladioli Enterprises Sdn Bhd (“Gladioli”) and Golden Celesta Sdn Bhd in which Besra has a joint venture interest. Mineral resources in Malaysia are state owned. Exploration and mining rights are issued through the Minerals Ordinance 2004, effective as of 1 July 2010, and the Mining Rules (1995). The tenure types comprise a GPL (general prospecting licence), EPL (exclusive prospecting licence), MC (mining certificate) and ML (mining lease). Besra, through the Bau Project JV, holds a combination of 39 Mining Licensees, Certificates, and Prospecting Licenses covering around 134,000 hectares. Under the terms of the JV, Gladioli is required to maintain licences in good standing and renew expired licences with due diligence. The tenements are currently held by the relevant Gladioli entities, on behalf of the JV. Being centred on the Bau township, and proximal to the provincial capital of Kuching (some 40 km away) the Bau Goldfield is favoured with extensive infrastructure development. The Bau Goldfield Project extremities and primary deposits are linked by road, within a twenty-minute drive from the established project base. The active quarrying and past gold mining industry supports a knowledgeable, experienced, and accessible workforce and management opportunity, as a well as earthmoving equipment service providers that support the quarrying and mining industries within the Bau district. All-weather sealed trunk roads connect Bau with deep water port facilities and an international airport at Kuching. | |
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