TORONTO, ONTARIO -- (Marketwire) -- 02/12/13 -- BESRA (TSX: BEZ)(ASX: BEZ)(OTCQX: BSRAF)(FRANKFURT: OP6), John Seton, Chief Executive Officer of Besra is pleased to announce that the final mining certificate renewal required for the main area of the Bau Goldfield being considered for mining (Jugan and Young's Hill) has been granted as a full mining lease with rights to exploit gold, silver, base metals and calcium. The granting of the lease, for twenty years from January 23, 2013, is seen as another positive for a project that already possesses infrastructure features such as roads, electric power, close proximity to an international airport and a deep-water port. The new mining license covers the Jugan, Fern Hill, and Jambusan deposit areas (See below: Aerial view of the Bau Goldfield).
To view Aerial view of the Bau Goldfield, please visit the following link: http://media3.marketwire.com/docs/bau_goldfield_map01_feb12.pdf
The Bau Goldfield has a NI43-101 Measured resource of 3,405600 tonnes at 1.52 g/t Au containing 166,900 ounces of gold. Indicated resource of 17,879,700 tonnes at 1.67 g/t Au containing 958,000 ounces of gold and an Inferred resource of 50,206,400 tonnes at 1.35 g/t Au containing 2,181,600 ounces of gold.
BAU GOLD: FIELD N143-101----------------------------------------------------------------------------Reserve Category Tonnes Gold Grade (g/t) Contained Gold (oz)----------------------------------------------------------------------------Measured 3,405,600 1.52 166,900----------------------------------------------------------------------------Indicated 17,879,700 1.67 958,000----------------------------------------------------------------------------Total M & I 21,285,300 1.64 1,124,900----------------------------------------------------------------------------Inferred 50,206,400 1.35 2,181,600----------------------------------------------------------------------------
The Bau property is a brown-field project, spread over a large geographic area, in which the Company is in consortium with a Malaysian company with material Bumiputra interest that owns rights to consolidated mining tenements covering much of the historic goldfield. Besra increased its ownership of the Bau Goldfield from 83.25% to 85.05% on January 28, 2013 paying USD 2 million. (See Olympus Press Release dated January 24, 2012.)
Besra is a diversified gold company focused on four advanced properties; the Bau Goldfield in East Malaysia, Bong Mieu and Phuoc Son in Central Vietnam, and Capcapo in the Philippines. Besra expects to expand existing gold production capacity in Vietnam over the next two years and is projecting new production capacity from Bau Central during 2015 (start up and production forecasts will depend on the result of the current Jugan feasibility, which is scheduled for completion in 2013).
BESRA GOLD INC.
John A.G. Seton, Chief Executive Officer
