KUALA LUMPUR, Sept 12 (Bernama) -- International mining company, Olympus
Pacific Minerals Inc., which is undertaking a feasibility study on the
Bau Goldfield, near Jugan Hill in Sarawak, says prospects are bright for
the goldfield to emerge as an important gold producer in Southeast
Asia.
Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=694010
Published: September 10, 2012
Central Bau is a large and historic goldfield, with an established gold
resource, which has been mined intermittently since the mid 19th
century.
The Bau Goldfield lies within the Borneo metalliferous belt, which
contains several other important gold mining camps, including Kelian,
Mamut (gold-copper) and Mt Muro.
Currently, Olympus, based in Toronto, Canada, controls 83 per cent of
the project, which will increase to 93 per cent over the next two years.
For the past few months, Olympus Pacific's team has been testing the
metallurgy of the Jugan Hill deposits at the Bau goldfield as part of
the feasibility study which is due for completion in 2013.
-- BERNAMA
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