Besra Gold Inc (BEZ)
Exploration program - Preliminary results
28 March 2024 9:48 AM. Original PDF: Open PDF | 26 PagesPreliminary results from the 2023-2024 Exploration Program conducted by ASX:BEZ show notable gold occurrence but overall low gold mineralisation, with further assays pending.
Summary
- A diamond drilling program of seven holes, totalling 1,820 meters, was conducted to explore mineral potential.
- Preliminary results show low gold mineralisation, with only one notable gold occurrence of 31 g/t.
- The program is still awaiting assay results for the last hole, which might offer additional insights into the mineralisation trends.
- The exploration area has geological settings distinct from the Jugan Project, suggesting the potential for new mineralisation zones.
Highlights
- Total drilling: 1,820 meters
- Notable gold occurrence: 31 g/t in one interval
- Last hole drilled: ~410 meters, assay results pending
Positives
- Identification of a notable gold occurrence of 31 g/t
- Potential for discovering new gold zones based on geological anomalies and pathfinder minerals
- Comprehensive drilling and assay process to ensure data accuracy
Negatives
- Most holes showed low to no significant gold mineralisation
- The last and longest hole’s assay results are still pending, leaving some uncertainty
Key Dates
- Drilling commenced: July 2023
- Drilling completed: 14 March 2024
Alerts
- Contains better than expected results: no
- Contains worse than expected results: yes
- Contains expected results: no
- Sentiment: mixed