Olympus Pacific Minerals Inc.

Published : May 23rd, 2012

=E2?? BAU GOLD PROJECT CONTINUES TO DELIVER POSITIVE DRILL RESULTS

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Facebook | Gold | Malaysia | Market | Recovery |
Having problems viewing this email? Click Here.
             TSX:OYM     ASX:OYM     OTCBB:OLYMF     FSX:OP6
Olympus Pacific  Minerals Inc.   News Release

OLYMPUS� BAU GOLD PROJECT CONTINUES TO DELIVER POSITIVE DRILL RESULTS

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.

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

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 mineralization. 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 mineralization well beyond the limits of the previous resource model. Gold mineralization 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.

Read Full Press Release AT olympuspacific.com >>

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


Olympus FOFI Disclaimer
Certain of the statements made and information contained herein is "Forward-looking information" within the meaning of the Ontario Securities Act, including statements concerning our plans at our producing mines and exploration projects, which involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, failure to establish estimated resources or to convert resources to mineable reserves; the grade and recovery of ore which is mined varying from estimates; capital and operating costs varying significantly from estimates; delays in obtaining or failure to obtain required governmental, environmental, or other project approvals; changes in national and local government legislation or regulations regarding environmental factors, royalties, taxation or foreign investment; political or economic instability; terrorism; inflation; changes in currency exchange rates; fluctuations in commodity prices; delays in the development of projects; shortage of personnel with the requisite knowledge and skills to design and execute exploration and development programs; difficulties in arranging contracts for drilling and other exploration and development services; dependency on equity market financings to fund programs and maintain and develop mineral properties; and risks associated with title to resource properties due to the difficulties of determining the validity of certain claims and other risks and uncertainties, including those described in each management�s discussion and analysis. In addition, forward-looking information is based on various assumptions including, without limitation, the expectations and beliefs of management; the assumed long-term price of gold; the availability of permits and surface rights; access to financing, equipment and labour and that the political environment in the jurisdictions within which the Company operates will continue to support the development of environmentally safe mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
Contact Information:

James W. Hamilton,
Vice-President, Investor Relations

500-10 King St., East
Toronto, ON., Canada, M5C 1C3

Office: (416) 572-2525
Toll Free: 1-888-902-5522
DESKTOP-TV
Speak online with Olympus' key management using our new online communication tool.

Register for Desktop TV �
FACEBOOK
See videos and photos on the gold properties and watch interviews with the management.

Visit our facebook page �

TELL A FRIEND  |  

Data and Statistics for these countries : Canada | Malaysia | All
Gold and Silver Prices for these countries : Canada | Malaysia | All

Olympus Pacific Minerals Inc.

PRODUCER
CODE : OYM.TO
ISIN : CA68162Q2027
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Olympus Pacific is a gold producing company based in Canada.

Olympus Pacific produces gold, lead, silver, tungsten and zinc in Vietnam, and holds various exploration projects in Malaysia and in Philippines.

Its main assets in production are BONG MIEU and PHUOC SON in Vietnam and its main exploration properties are TIEN THUAN, NA PAI and TIGER MOUNTAIN in Vietnam, BAU MALAYSIA in Malaysia and CAPCAPO in Philippines.

Olympus Pacific is listed in Australia, in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 72.0 millions as of today (US$ 66.5 millions, € 48.0 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.20, and its lowest recent point on October 24, 2008 at CA$ 0.04.

Olympus Pacific has 378 781 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Olympus Pacific Minerals Inc.
2008 Annual report
Annual Report 2007
Financings of Olympus Pacific Minerals Inc.
5/10/2011Closes The Remaining Private Placement Financing Of US$14.6 ...
3/23/2011Announces A Capital Raise
2/26/2007To Raise Up To $12 Million By Private Placement
Nominations of Olympus Pacific Minerals Inc.
6/20/2012Announces Chief Operating Officer's Resignation
1/17/2012Appoints Mr. Kevin Tomlinson as Director and Deputy Chair Re...
8/22/2011Restructures Management Team and Appoints New Chief Operatin...
8/20/2007Appoints Vice President Exploration and Vice President Finan...
Project news of Olympus Pacific Minerals Inc.
9/25/2012As we go deeper=2C the grade gets higher
3/5/2012Expands Global Gold Resource To 4.53 Million Ounces Bau Res...
9/30/2011(Capcapo)ANNOUNCES SIGNING OF FORMAL JOINT VENTURE AGREEMENT IN RESPE...
5/23/2011(Bau Malaysia)Drills 40 Meters at 4.69 Grams Gold/Tonne
3/16/2011(Phuoc Son)Receives Trucking Permit Extension
3/4/2011(Phuoc Son)Releases Video Update On Phuoc Son Gold Plant
2/24/2011(Phuoc Son)Prepares to Commission Its Second Gold Plant at Phuoc Son
2/22/2011(Phuoc Son)Signs Refining Agreement With Vietnamese Firm
4/1/2008(Phuoc Son) Receives Positive Independent Technical Report On Feasibili...
1/15/2008(Phuoc Son)Doubles Resource To 637,000 Oz At The High Grade Phuoc Son G...
11/6/2007Continues To Extend High-Grade Gold Intersections At Phuoc S...
10/9/2007(Bong Mieu)Announces Increased Gold Equivalent Resource Of 833,500 Oz. ...
9/18/2007(Phuoc Son)Drill Results Continue To Show High-Grade Gold Mineralizatio...
8/14/2007(Phuoc Son)Drill Results Yield Additional High-Grade Gold
7/26/2007(Phuoc Son)Further High-Grade Mineralization Within North Extension of ...
6/25/200750 Metre Stepout Intersects High-grade Gold & Copper at Capc...
5/23/2007(Phuoc Son)Recent results phuoc son
4/24/2007Drilling Intersects 94 Meters of Gold and Copper at Capcapo,...
Corporate news of Olympus Pacific Minerals Inc.
11/8/2012is simplifying its capital structure.
11/6/2012Proposes Amendments to Simplify Capital Structure
9/20/2012Hits Higher Gold Grade at Jugan Hill, Bau, East Malaysia
9/12/2012Milestone=3A Test Work Proves Metallurgical Viability At Jug...
9/11/2012Happy with 90% =2D 98% Gold recovery rates at Jugan Hill
9/5/2012FORMER FREEPORT=2DMcMORAN COPPER & GOLD VP EXCITED BY BAU GO...
9/4/2012I Accept: Former Freeport-McMoRan Copper & Gold VP Excited b...
8/1/2012s Second Quarter Gold Production and Changes Its Financial Y...
5/23/2012=E2?? BAU GOLD PROJECT CONTINUES TO DELIVER POSITIVE DRILL R...
5/22/2012' Bau Gold Project Continues to Deliver Positive Drill Resul...
4/5/2012Drills 52.7M @ 4.64G=2FT Au At Bau
4/3/2012Drills 52.7m @ 4.64 g/t Au at Bau
3/5/2012Expands Global Gold Resource to 4.53 Million Ounces
2/15/2012Enhances Board Independence
1/31/2012Confirms Mineralization Widths of Up to 78 Meters at Bau Cen...
1/24/2012Completes an Additional Tranche of the Bau Acquisition and E...
1/10/2012Exceeds Its 2011 Gold Production Target
12/22/2011Receives Certificate of Merit for Its Social Economic Contri...
12/5/2011Announces Progress at Bau Project and Draws Carlin Trend Ana...
11/29/2011EXPECTS TO ACHIEVE ITS 2011 PRODUCTION TARGET
11/28/2011Announces Normal Course Issuer Bid
10/26/2011Featured In Australia=E2??s Paydirt - Gold Mining Journal
10/11/2011Malaysia Bau Central Trench Results Confirm Outcrop Grades a...
9/8/2011Commences Malaysian Goldfield Feasibility
8/10/2011PUBLISHES FIRST EDITION COMPANY NEWSLETTER
6/24/2011(Phuoc Son)Successfully Pours First Gold Dore at Phuoc Son
6/6/2011' CEO to Present at Euro Pacific Global Investment Conferenc...
5/5/2011Announces Closing of Private Placement of CAD$15 Million of ...
1/28/2011to Finalize In-Country Value Added Refining of Dor=C3=A9
3/26/2008Announces Management Reorganization
3/7/2008to Commence Trading in the US on OTCBB
2/4/2008Management Has Reorganized To Ensure Technical Success Over ...
1/3/2008Information Now Available Through S&P Market Access Program
1/3/20082008 Vancouver Resource Investment Conference
12/18/2007Special Meeting Adjourned
11/5/2007 Event Announcement - San Francisco Hard Assets Investment C...
10/2/2007Announces Strategic Exploration Plans
9/21/2007Completes Due Diligence At Capcapo, N. Philippines
9/13/2007The Denver Resource Expo
9/7/2007Announces Exercise Of Over-Allotment Option Gross Proceeds O...
8/27/2007Recent $25 Million Prospectus Offering Deposited In TD Bank....
8/10/2007 $25,000,000 Prospectus Offering Closes
8/8/2007$25,000,000 Prospectus Offering — Receipt Issued for A...
8/2/2007$25 Million Prospectus Offering Amended Terms
7/25/2007$25,000,000 Short Form Financing
7/11/2007Repays US$2 Million Debt Facility With Macquarie Bank
7/3/2007s' Announces Pricing of $25,000,000 Prospectus Offering
6/27/2007Board Approves Shareholder Rights Plan
5/4/2007Announces Board and Management Changes
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (OYM.TO)AUSTRALIA (OYM.AX)
0.190+0.00%0.1850
TORONTO
CA$ 0.190
05/08 15:56 -
0%
Prev close Open
0.190 -
Low High
0.190 0.190
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.190 -%
Volume 1 month var.
0 -%
24hGold TrendPower© : -37
Produces Gold
Develops
Explores for Copper - Gold - Lead - Molybdenum - Silver - Tungsten - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 4/6/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.15-3.77%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 5.77-2.86%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.80-3.75%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.08-11.11%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.05+3.02%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 8.55+1.18%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.18+2.86%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.30+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.50+2.46%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 68.46+0.26%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :