Sarawak drilling continues to encourage Olympus Pacific

THE DRILL SERGEANT: Olympus Pacific Minerals has received encouraging results from drilling being conducted at the Jugan Sector of the company’s Bau Central property in Sarawak, East Malaysia.

Source: Company announcement

Highlights of the drilling program include:

–    61.10 metres at 2.40 grams per tonne gold, including 2.00 metres at 5.93 grams per tonne gold, 7.00 metres at 5.36 grams per tonne gold, 5.70 metres at 3.53 grams per tonne gold, and 4.00 metres at 3.90 grams per tonne gold;

–    34.00m at 2.47g/t gold, including 8.8 at 3.2g/t gold;

–    36.00m at 1.15g/t gold;

–    33.00m at 1.48g/t gold;

–    24.00m at 1.76g/t gold, including 7.00m at 3.27g/t gold; and

–    32.40m at 1.92g/t gold, including 28.00m at 2.21g/t gold.

“Ongoing drilling in the Jugan Sector of the Bau Gold Trend continues to return highly encouraging results,” Olympus Pacific Minerals chief executive officer John Seton said in the company’s announcement to the Australian Securities Exchange.

“Drilling has now shown that the Jugan Hill deposit remains open, both at depth and along strike and that the deposit strikes, parallel to the regional northeast-southwest trend of Bau Central gold mineralisation.

“This substantially enhances the scope for step-out drilling to expand resources and increases confidence in the large-scale potential of the Jugan deposit.”

Olympus aid the current phase of infill and step-out drilling at the Jugan Hill deposit has continued to upgrade and expand the prospective open pit resource.

The company considers the latest results to have confirmed continuity of ore grade mineralisation well beyond the limits of the previous resource model.