Location

Bau Project Geology Highlights
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40 km from the capital city of Kuching, in Sarawak, East Malaysia.

Exploration Stage

Since commencement of the JV in November 2006, exploration has primarily focused upon the central goldfield area, where multi-million ounce Au-Cu-Mo prospective mineralization environments are at various stages of exploration. A JORC status gold resource of 1.612 M oz has to date been defined in four deposits, whilst a further 3.3 to 4.5 M.oz gold has been identified in deposit extensions and closely adjacent zones. Other (as yet unexplored) potential remains within peripheral zones.

Equity

Bau Project Conductivity Mapping
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Olympus Pacific has 50.05% controlling interest and is project operator in Joint Venture with the Malaysian mining group, Gladioli Enterprises SDN BHD.

Tenure

The Company has 50.05% controlling interest and is project operator in a Joint Venture which holds Exploration and Mining tenements over 828 km2 of the most highly-prospective ground within the Goldfield. All of the main deposits lie within granted Mining tenements. Regional exploration tenements also cover 7,800 km2 of prospective exploration terrain peripherally and elsewhere in Sarawak.

Geology

Central Bau
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The intrusion of multiple felsic stocks and dykes into structurally prepared and geochemically reactive limestone and shale host rocks has produced widespread metallization throughout the Goldfield. The Goldfield is mineralogically and geochemically zoned, with higher temperature siliceous, gold-rich ores occurring centrally, and lower temperature ores occurring peripherally.

Principal Minerals

• Gold, silver, copper, molybdenum.

Key Results

Current JORC status resources: 1.612M oz gold plus identified geological targets possibly containing a further 4.4 to 4.75M oz of gold. Examples of significant deposits that have to date been partially explored include:

Krian Prospect Bau
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• Jugan Sector:
  Carbonate replacement style mineralization (670,000 oz gold) [9.22Mt @1.66 g/t Au (indicated), plus 2.514Mt @ 2.20 g/t Au (inferred)].
• Pejiru Sector:
  Carbonate replacement style mineralization (497,000 oz gold) [8.576Mt @ 2.24 g/t Au (inferred)].

Krian Prospect Bau
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• Sirenggok Sector:
  Porphyry gold style mineralization (310,000 oz gold). [7.185 Mt @ 1.23 g/t Au (Inferred)].
• Bekajang Sector:
  Historic mine tailings: (135,000 oz gold). [1.291 Mt @ 1.332 g/t Au (indicated), plus 1.878 Mt @ 1.332 g/t Au (inferred)].

Krian Prospect Bau
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• Tabai Sector:
  Extensive quartz-breccia style mineralization. Fault hosted mineralization up to 20m thick, extending along 1,200m of strike. Selected drill intercepts include: DH104-87 (11.10m @ 5.9 g/t Au); DH104-9 (38.70m @ 25.85 g/t Au); DH104-111 (9.70m @ 12.97 g/t Au); DH104-112 (9.20m @ 43.76 g/t Au); DH104-116 (19.50m @ 5.49 g/t Au); DH104-151 (35.50m @ 4.93 g/t Au).
• Juala Sector:
  Porphyry Cu-Mo style mineralization. This is a virgin discovery. Best intercept to date is 5.0m @ 1.58 g/t Au, 4.44 g/t Ag and 0.77% Cu (in hole JWDDH10), yet to be followed up.

Ongoing validation of historic drilling and in-fill drilling during 2009 is expected to progressively convert much of the identified geological resource targets (4.4 to 4.75M oz of gold) into JORC status resource.

During 2009, the company aims also to examine the feasibility of generating early cash flow from zones that are considered amenable to rapid low-capex development.

Beyond the Bau Gold Project, the Joint Venture also holds a number of regional exploration tenements, covering 1,236.38 km2 of highly prospective, but relatively unexplored terrain in Sarawak.

Disclaimer: This website contains information about adjacent properties on which we have no right to explore or mine.  We advise U.S. investors that the SEC's disclosure guidelines generally preclude including information of this type in documents filed with the SEC.  U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.

Spotlight Video

Bau Mine Site
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Overview

Operating since 1864, the Bau Goldfield has estimated historic production of more than 3.0 million oz gold, with significantly greater potential being inferred within large-scale and relatively unexplored intrusive-related, gold-copper-molybdenum prospective mineralization environments. Resource definition and mine scoping studies are currently in progress.

Photo Gallery

Malaysia: Bau Project