Olympus Bau Gold Project Continues To Deliver Positive Drill Results

26-May-2012 Intellasia | Olympus Pacific Minerals (press release) | 7:01 AM Print This Post

Toronto, 22 May, 2012 – Olympus Pacific Minerals Inc. Olympus Pacific Minerals Inc., Chief Executive Officer, John Seton, is pleased to announce continuing positive drilling results from the Jugan Sector of the Company’s Bau Central property in Sarawak, East Malaysia.

John Seton, said: “Ongoing drilling in the Jugan Sector of the Bau Gold Trend continues to return highly encouraging results. 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.”

JUGAN HILL DEPOSIT – DRILLING UPDATE

The current phase of infill and step-out drilling at the Jugan Hill deposit continues to upgrade and expand the prospective open pit resource. Latest results have now confirmed continuity of ore grade mineralisation well beyond the limits of the previous resource model. Gold mineralisation over widths of more than 30 metres continues beyond 200m depth vertically beneath a surface high-grade zone in the southwest sector of the deposit in holes JUDDH-51 and JUDDH-59, whilst in the northeast strike extension holes such as JUDDH-58 reveal grades that are significantly higher than those from previous shallow holes in this area.

HIGHLIGHTS:

New Drill Intercepts 

  JUDDH-50:	61.10m @ 2.40 g/t Au	including: 2.00m @ 5.93 g/t Au 

  7.00m @ 5.36 g/t Au 

  5.70m @ 3.53 g/t Au 

  4.00m @ 3.90 g/t Au 

  JUDDH-51:	34.00m @ 2.47 g/t Au	including:   8.8 @ 3.2 g/t Au 

  JUDDH-53:	36.00m @ 1.15 g/t Au	 

  JUDDH-57:	33.00m @ 1.48 g/t Au	 

  JUDDH-58:	24.00m @ 1.76 g/t Au	including: 7.00m @ 3.27 g/t Au 

  JUDDH-59:	32.40m @ 1.92 g/t Au	

OLYMPUS PACIFIC MINERALS INC.

John A.G. Seton

Chief Executive Officer

For further information contact:

James W. Hamilton,

Vice-President Investor Relations

T: (416) 572-2525 or TF: 1-888-902-5522

F: (416) 572-4202

info@olympuspacific.com

www.olympuspacific.com

 


Category: ResourceAsia

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