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Apr 2004 - Sino Gold Limited

Sino Gold Limited (SGX) – Bringing Jinfeng into Production at 200,000ozpa

  • Sino Gold currently has two main projects in Central China, being its Jianchaling operating gold mine in the Shaanxi Province and its Jinfeng project in Guizhou Province. There are a number of other projects mainly in Northern China that are at various stages of acquisition and exploration.
  • Jianchaling has been winding down from 100,000ozpa in 2002 to possibly only 50,000oz in CY2004. Extensions to its life and potential increases to its production appear to be almost certain with 5 gold target areas being explored, however, at this stage their eventual actual outcome is almost impossible to predict.
  • Jinfeng is in the process of completing its feasibility study, which with over 3moz in resources and extensions to the stratabound mineralisation with intersections up to 59m @ 8.6g/t infers that board approval should be a formality. Gold production is expected to commence in early 2006 and build up to 200,000ozpa during that year.
  • Apart from potential success and ultimate production in its other joint venture projects in Shandong Province with Gold Fields, and over White Mountain in Jilin Province, SGX is at the negotiation stage in its “China Review Project” to obtain one or more joint venture agreements on non-refractory (free milling) gold projects that could be finalised in 2004, and which could then be brought into production.
  • Written by: Keith Goode
  • Tuesday, 27 April 2004

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