Olympus Pacific Minerals Inc TSX:OYM announced assays from its Bau Central Property in Sarawak, East Malaysia. Results include

3.99 g/t gold over 40 metres
(including 5.69 g/t over 17 metres)
2.01 g/t over 78.3 metres
(including 4.4 g/t over 11 metres)
3.91 g/t over 38.1 metres
1.79 g/t over 65.4 metres
1.98 g/t over 48.9 metres
1 g/t over 68.5 metres
(including 1.46 g/t over 33 metres)
2.32 g/t over 24 metres
(including 3.87 g/t over 9 metres)

CEO John Seton commented, “Drilling at Bau Central has continued to return highly encouraging results over significant intercept widths. These are providing input into concurrent feasibility studies and signal an expansion of global resources and upgrade of resource categories in the next resource estimate scheduled for release later this quarter. In particular, the Jugan deposit feasibility study continues to deliver positive results and remains on schedule for completion later this year. Jugan is the first of several deposits slated for development within the Bau Central mineralization trend, with others expected to be phased into production later. The planned Jugan development heralds a revival of the mining industry within this large historic goldfield and is an important milestone for the company.”

View Company Profile

Contact:
James W. Hamilton
VP of Investor Relations
416.572.2525
888.902.5522

Read feature story on Olympus Pacific Minerals Inc.

by Greg Klein

This article was posted by Greg Klein - Resource Clips on Wednesday, February 1st, 2012 at 8:58 am.