Bright Potential For Sarawak's Bau Goldfield To Emerge As Important Gold Producer

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