Bau moves to feasibility stage

摘要

OLYMPUS Pacific Minerals is moving the Bau Central Gold Project in Sarawak, East Malaysia, into feasibility, with the objective of achieving a favourable development decision targeting stage one annual production of 100,000 ounces of gold by 2014. There is a current JORC/NI 43-101 resource of 560,000 indicated ounces and 1.89 million inferred ounces with potential to add to this. The Bau Goldfield is spread over a large geographic area and the current resource is in multiple deposits at varying levels of development and resource status. Exploration, mining feasibility, and environmental studies are in progress to further expand the resource base, determine the best development route and examine the issues involved in developing multiple deposits in a sequential manner.