Our gold properties across Asia
Bau Goldfield – East Malaysia
The Bau Goldfield in East Malaysia is a world-class project with the potential to dramatically increase Besra’s gold production. Geologically similar to the Carlin Trend in Nevada, the property has multiple deposits and an established (JORC/NI 43-101) gold resource.
Besra holds a 85.61% controlling interest in Bau Goldfield, with an agreement to increase ownership to 93.55% by September 2015. We’re currently conducting a feasibility study at the Jugan Hill deposit, we intend to have completed by late 2013.
The Bau property is a brown-field project, spread over a large geographic area in which Besra is in a consortium with a Malaysian company with material Bumiputra interest that owns rights to mining tenements covering much of the historic Goldfield. Bau is on the island of Sarawak, East Malaysia.
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Gold Mines – VietnamBesra Gold Inc. opened Vietnam’s first modern gold mine at Bong Mieu, followed five years later by the plant at Phuoc Son. (Together, they form the largest gold mining operation in the country.)
Besra’s gold production in Vietnam generates operating cash and enables exploration of additional world-class discoveries at all of our properties.
Blue Sky Exploration – PhilippinesIn November 2006, the company in consortium with a Philippine company, controlled by Philippine nationals signed an agreement to acquire an option to earn 60% interest in the Capcapo property, subject to the Philippine foreign ownership laws, upon completing specified expenditures on the property. In June of 2007, Besra successfully completed its due diligence drilling with exceptional results.
Field work is expected to resume once the new joint venture agreement is signed with Abra Mining and Industrial Corporation and work is completed with NCIP (National Commission of Indigenous Peoples), a government agency that formulates and implements policies, plans and programs for the recognition, promotion and protection of the rights of the indigenous peoples.