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Thursday, 31st January 2008 (4323 views)

Independent studies at the Dadiangou project in central China have revealed an estimated resource of 778,000 ounces of gold are contained at the site, the company behind its development has announced.

Jinshan Gold Mines said the results of the independent resource estimate also indicate there is a 1.9-million tonne high-grade core that contains 152,000 ounces of gold graded at 2.48 g/t.

The results of the estimate will now go towards planning Jinshan's exploration programme for the site ahead of the 2008 field season.

An economic assessment is also underway for a possible infill drilling programme at the new resource.

In the meantime, further exploration for additional resources at Dadiangou will continue, the company said.

Jinshan Gold's vice-president of exploration, Keith Patterson, said: "We are pleased to complete our first resource estimate at Dadiangou within one year of commencing work on the project."

The Dadiangou gold system is located in the Gansu Province within the prolific Qinling fold belt. It is being developed through a joint venture between Jinshan Gold and its Chinese partner.

Jinshan is a new gold producer in China, having opened its first mine at Chang Shan Hao in 2007.

 

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