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Olympus Pacific Minerals Inc.

Publié le 05 mars 2012

Expands Global Gold Resource To 4.53 Million Ounces Bau Resource Increases 23% To More Than 3 Mill

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Mots clés associés :   Canada | Copper | Facebook | Philippines | Report | Vietnam |
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             TSX:OYM     ASX:OYM     OTCQX:OLYMF     FSX:OP6
Olympus Pacific  Minerals Inc.   News Release

OLYMPUS EXPANDS GLOBAL GOLD RESOURCE TO 4.53 MILLION OUNCES BAU RESOURCE INCREASES 23%  TO MORE THAN 3 MILLION OUNCES

Toronto, March 05, 2012 - Olympus Pacific Minerals Inc. (TSX & ASX: OYM, OTCQX: OLYMF, and Frankfurt: OP6). Chief Executive Officer, John Seton, is pleased to announce that building on the production increases of 2011, gold resources have increased by 569,200 ounces to a new total of 4.53 Million ounces (refer to the attached Reserve/Resource Table at Appendix A).

John Seton (CEO), said: �This resource increase is important as it confirms Bau as a major gold field.  Shareholders should also bear in mind that:

  • Bau has already yielded some 3,000,000 oz (estimated) gold from historic production;
  • Many deposits at Bau Central remain open along strike and down dip; and
  • The Company holds consolidated tenements over most of the Bau gold trend, much of which remains under-explored
In addition, new ore sources recently identified at the Company�s Bong Mieu mining property in Vietnam are yet to be explored, whilst exploration of the Capcapo gold-copper project in the Philippines is scheduled to commence during the second half of 2012.

Continued exploration on all these properties will contribute to resource expansion during 2012. 


Read Full Press Release With Appendix �



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

The material in this announcement has been prepared under the supervision of Rod Murfitt, a member of the Australasian Institute of Mining and Metallurgy (AusIMM) and a Competent Person, as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserve" (the JORC Code) and Canadian Instrument 43-101.  Mr Murfitt consents to the inclusion in this report of the Information, in the form and context in which it appears.


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 Vietnamese mineral 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 which 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; 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 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 within Vietnam 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 �

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Données et statistiques pour les pays mentionnés : Canada | Philippines | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Philippines | Tous

Olympus Pacific Minerals Inc.

PRODUCTEUR
CODE : OYM.TO
ISIN : CA68162Q2027
Suivi et investissement
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Olympus Pacific est une société de production minière d'or basée au Canada.

Olympus Pacific est productrice d'or, d'argent, de plomb, de tungsten et de zinc au Viet Nam, et détient divers projets d'exploration aux Philippines et en Malaisie.

Ses principaux projets en production sont BONG MIEU et PHUOC SON au Viet Nam et ses principaux projets en exploration sont TIEN THUAN, NA PAI et TIGER MOUNTAIN au Viet Nam, BAU MALAYSIA en Malaisie et CAPCAPO aux Philippines.

Olympus Pacific est cotée au Canada, aux Etats-Unis D'Amerique, en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 72,0 millions CA$ (66,5 millions US$, 48,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 1,20 CA$, et son plus bas niveau récent le 24 octobre 2008 à 0,04 CA$.

Olympus Pacific possède 378 781 000 actions en circulation.

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Rapports annuels de Olympus Pacific Minerals Inc.
2008 Annual report
Annual Report 2007
Financements de Olympus Pacific Minerals Inc.
10/05/2011Closes The Remaining Private Placement Financing Of US$14.6 ...
23/03/2011Announces A Capital Raise
26/02/2007To Raise Up To $12 Million By Private Placement
Nominations de Olympus Pacific Minerals Inc.
20/06/2012Announces Chief Operating Officer's Resignation
17/01/2012Appoints Mr. Kevin Tomlinson as Director and Deputy Chair Re...
22/08/2011Restructures Management Team and Appoints New Chief Operatin...
20/08/2007Appoints Vice President Exploration and Vice President Finan...
Projets de Olympus Pacific Minerals Inc.
25/09/2012As we go deeper=2C the grade gets higher
05/03/2012Expands Global Gold Resource To 4.53 Million Ounces Bau Res...
30/09/2011(Capcapo)ANNOUNCES SIGNING OF FORMAL JOINT VENTURE AGREEMENT IN RESPE...
23/05/2011(Bau Malaysia)Drills 40 Meters at 4.69 Grams Gold/Tonne
16/03/2011(Phuoc Son)Receives Trucking Permit Extension
04/03/2011(Phuoc Son)Releases Video Update On Phuoc Son Gold Plant
24/02/2011(Phuoc Son)Prepares to Commission Its Second Gold Plant at Phuoc Son
22/02/2011(Phuoc Son)Signs Refining Agreement With Vietnamese Firm
01/04/2008(Phuoc Son) Receives Positive Independent Technical Report On Feasibili...
15/01/2008(Phuoc Son)Doubles Resource To 637,000 Oz At The High Grade Phuoc Son G...
06/11/2007Continues To Extend High-Grade Gold Intersections At Phuoc S...
09/10/2007(Bong Mieu)Announces Increased Gold Equivalent Resource Of 833,500 Oz. ...
18/09/2007(Phuoc Son)Drill Results Continue To Show High-Grade Gold Mineralizatio...
14/08/2007(Phuoc Son)Drill Results Yield Additional High-Grade Gold
26/07/2007(Phuoc Son)Further High-Grade Mineralization Within North Extension of ...
25/06/200750 Metre Stepout Intersects High-grade Gold & Copper at Capc...
23/05/2007(Phuoc Son)Recent results phuoc son
24/04/2007Drilling Intersects 94 Meters of Gold and Copper at Capcapo,...
Communiqués de Presse de Olympus Pacific Minerals Inc.
08/11/2012is simplifying its capital structure.
06/11/2012Proposes Amendments to Simplify Capital Structure
20/09/2012Hits Higher Gold Grade at Jugan Hill, Bau, East Malaysia
12/09/2012Milestone=3A Test Work Proves Metallurgical Viability At Jug...
11/09/2012Happy with 90% =2D 98% Gold recovery rates at Jugan Hill
05/09/2012FORMER FREEPORT=2DMcMORAN COPPER & GOLD VP EXCITED BY BAU GO...
04/09/2012I Accept: Former Freeport-McMoRan Copper & Gold VP Excited b...
01/08/2012s Second Quarter Gold Production and Changes Its Financial Y...
23/05/2012=E2?? BAU GOLD PROJECT CONTINUES TO DELIVER POSITIVE DRILL R...
22/05/2012' Bau Gold Project Continues to Deliver Positive Drill Resul...
05/04/2012Drills 52.7M @ 4.64G=2FT Au At Bau
03/04/2012Drills 52.7m @ 4.64 g/t Au at Bau
05/03/2012Expands Global Gold Resource to 4.53 Million Ounces
15/02/2012Enhances Board Independence
31/01/2012Confirms Mineralization Widths of Up to 78 Meters at Bau Cen...
24/01/2012Completes an Additional Tranche of the Bau Acquisition and E...
10/01/2012Exceeds Its 2011 Gold Production Target
22/12/2011Receives Certificate of Merit for Its Social Economic Contri...
05/12/2011Announces Progress at Bau Project and Draws Carlin Trend Ana...
29/11/2011EXPECTS TO ACHIEVE ITS 2011 PRODUCTION TARGET
28/11/2011Announces Normal Course Issuer Bid
26/10/2011Featured In Australia=E2??s Paydirt - Gold Mining Journal
11/10/2011Malaysia Bau Central Trench Results Confirm Outcrop Grades a...
08/09/2011Commences Malaysian Goldfield Feasibility
10/08/2011PUBLISHES FIRST EDITION COMPANY NEWSLETTER
24/06/2011(Phuoc Son)Successfully Pours First Gold Dore at Phuoc Son
06/06/2011' CEO to Present at Euro Pacific Global Investment Conferenc...
05/05/2011Announces Closing of Private Placement of CAD$15 Million of ...
28/01/2011to Finalize In-Country Value Added Refining of Dor=C3=A9
26/03/2008Announces Management Reorganization
07/03/2008to Commence Trading in the US on OTCBB
04/02/2008Management Has Reorganized To Ensure Technical Success Over ...
03/01/2008Information Now Available Through S&P Market Access Program
03/01/20082008 Vancouver Resource Investment Conference
18/12/2007Special Meeting Adjourned
05/11/2007 Event Announcement - San Francisco Hard Assets Investment C...
02/10/2007Announces Strategic Exploration Plans
21/09/2007Completes Due Diligence At Capcapo, N. Philippines
13/09/2007The Denver Resource Expo
07/09/2007Announces Exercise Of Over-Allotment Option Gross Proceeds O...
27/08/2007Recent $25 Million Prospectus Offering Deposited In TD Bank....
10/08/2007 $25,000,000 Prospectus Offering Closes
08/08/2007$25,000,000 Prospectus Offering — Receipt Issued for A...
02/08/2007$25 Million Prospectus Offering Amended Terms
25/07/2007$25,000,000 Short Form Financing
11/07/2007Repays US$2 Million Debt Facility With Macquarie Bank
03/07/2007s' Announces Pricing of $25,000,000 Prospectus Offering
27/06/2007Board Approves Shareholder Rights Plan
04/05/2007Announces Board and Management Changes
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