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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 over the previous resource estimate and confirms the Company's confidence that Jugan Hill and indeed the world class Bau Goldfield will continue to deliver additional resource ounces with further exploration. Upon the completion of this drill programme, the Resource Estimate for the Bau Goldfield has been expanded by 9.4% including (Measured & Indicated - 21,285,300 tonne @ 1.64 g/t Au for 1,124,900 ounces and Inferred - 50,206,400 tonne @ 1.35 g/t Au for 2,181,600 ounces. Metallurgical test work has yielded positive results on a pressure oxidation system; however, Besra continues to investigate other viable alternatives. The feasibility study is due for completion at the end of June 2013."
JUGAN HILL HIGHLIGHTS:
-- Measured and Indicated resources increase to 17,911,300 tonne @ 1.51 g/t Au for 870,500 ounces; Inferred resource increases to 1,774,000 tonne @ 1.57 g/t Au for 89,800 ounces.-- These results are based on recently completed drilling totalling 17,395.4 metres in 76 holes.-- Assay samples processed by SGS Mineral Services.
JUGAN HILL GOLD DEPOSIT - RESOURCE UPGRADE
Besra has recently completed a resource update at its Jugan Hill Gold Deposit that substantially increases the total gold ounces. Measured, indicated, and inferred resource categories are as shown in the following table.
----------------------------------------------------------------------------Category Tonnes Au Grade Ounces Previous Increase----------------------------------------------------------------------------Measured 3,405,600 1.52 166,900 158,500 8,400----------------------------------------------------------------------------Indicated 14,505,700 1.51 703,600 500,600 203,000----------------------------------------------------------------------------Measured + Indicated 17,911,300 1.51 870,500 659,100 211,400----------------------------------------------------------------------------Inferred 1,774,000 1.57 89,800 16,300 73,500----------------------------------------------------------------------------
The estimate was completed using ordinary kriging and applying a lower-cut of 0.5g/t gold. No top-cut was applied.
This resource upgrade and expansion is based on recently completed drilling of 17,395.4 metres in 76 holes since October 2011 as part of the ongoing Bau feasibility study.The Jugan Hill deposit remains open at depth and along strike in both directions.
With these new resources, the total NI43-101/JORC Bau Goldfield global resource is: 1,124,900 ounces measured and indicated and 2,181,600 ounces inferred (see the updated table below):
---------------------------------------------------------------------------- Cutoff Tonnes Grade OuncesSector Deposit Category (g/t) (t) (g/t) (ozs)--------------------------------------------------------------------------------------------------------------------------------------------------------Jugan Jugan Measured 0.5 3,405,600 1.52 166,900 ----------------------------------------------- Indicated 0.5 14,505,700 1.51 703,600 ----------------------------------------------- Inferred 0.5 651,400 1.57 89,800--------------------------------------------------------------------------------------------------------------------------------------------------------Bekajang-Krian BukitYoung-Krian Indicated 0.5 1,857,000 2.02 120,400 ----------------------------------------------- Inferred 0.5 3,328,000 1.51 161,800 ---------------------------------------------------------------- Bekajang South Inferred 0.5 2,294,000 1.60 117,700 ---------------------------------------------------------------- Bekajang North Inferred 0.5 1,250,000 2.33 93,800 ---------------------------------------------------------------- Karang Bila Inferred 0.5 628,000 2.50 50,400 ---------------------------------------------------------------- Tailings Inferred 0.5 3,138,000 1.00 100,400--------------------------------------------------------------------------------------------------------------------------------------------------------Taiton Taiton A Indicated 0.5 1,148,000 2.23 82,200 ----------------------------------------------- Inferred 0.5 690,000 1.37 30,500 ---------------------------------------------------------------- Tabai (Open Pit) Indicated 0.5 133,000 2.83 12,100 ----------------------------------------------- Inferred 0.5 75,000 1.74 4,200 ---------------------------------------------------------------- Tabai (Underground) Indicated 2.0 236,000 5.23 39,700 ----------------------------------------------- Inferred 2.0 40,000 4.67 6,000 ---------------------------------------------------------------- Taiton B Inferred 0.5 1,848,000 1.56 92,900 ---------------------------------------------------------------- Umbut Inferred 0.5 690,000 2.26 50,200 ---------------------------------------------------------------- Overhead Tunnel Inferred 2.0 76,000 3.36 8,200--------------------------------------------------------------------------------------------------------------------------------------------------------Sirenggok Sirenggok Inferred 0.5 8,346,000 1.14 307,000--------------------------------------------------------------------------------------------------------------------------------------------------------Pejiru Pejiru-Bogag Inferred 0.5 11,800,000 1.10 418,100 ---------------------------------------------------------------- Pejiru Extension Inferred 0.5 7,053,000 1.14 257,400 ---------------------------------------------------------------- Kapor Inferred 0.5 4,849,000 1.59 248,300 ---------------------------------------------------------------- Boring Inferred 0.5 2,096,000 1.10 74,000--------------------------------------------------------------------------------------------------------------------------------------------------------Say Seng Bukit Sarin Inferred 0.5 1,110,000 1.27 45,500 ---------------------------------------------------------------- Say Seng Inferred 0.5 244,000 3.24 25,400-------------------------------------------------------------------------------------------------------------------------------------------------------- Measured 3,405,600 1.52 166,900-------------------------------------------------------------------------------------------------------------------------------------------------------- Indicated 17,879,700 1.67 958,000-------------------------------------------------------------------------------------------------------------------------------------------------------- Measured + Indicated 21,285,300 1.64 1,124,900-------------------------------------------------------------------------------------------------------------------------------------------------------- Inferred 50,206,400 1.35 2,181,600--------------------------------------------------------------------------------------------------------------------------------------------------------
