Jinshan Gold Mines
Jinshan Gold Mines is focused on gold production and acquisitions in China. The company began producing gold at the CSH Mine in July 2007 and is actively advancing its portfolio of gold exploration properties in China.
China National Gold, a Chinese state-owned enterprise and the largest gold producer in China owns approximately 42% of Jinshan's shares.
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Jinshan Gold says column leaching of CSH mine crushed ore significantly improves recoveries
Jinshan Gold Mines (TSX: JIN) said gold recovery results from column
leach testing of crushed sulphide material from the CSH gold mine in
Inner Mongolia China show significant improvements compared to the run
of mine oxide and mixed ores which have been mined and have yielded
actual recoveries of approximately 45 percent to date.
Average
gold extraction predicted from the column leach tests is 78 percent
from the Northeast Zone and 73 percent from the Southwest Zone from
material crushed to 80 percent passing 9 millimetres.
The
on-site crushing facility continues to ramp up towards its design
capacity of 30,000 tonnes per day crushed to 80 percent passing 9mm and
is currently crushing approximately 15,000 tonnes per day. Capacity is
expected to be reached in the first quarter of 2010.
Detailed results of this work will be included in an updated NI43-101 technical report which is being prepared.
The
CSH mine is Jinshan’s principal asset. In October 2009, it announced
the second consecutive monthly production record for the mine, with a
September pour of 11,388 ounces of gold, which is a new record high
since the company commenced production in July 2007.
In
September, Jinshan agreed the acquisition of the Jiama Gold property
from China Natural Gold. The Jiama property in Southern Tibet is
currently in the development stage, and the current owners have nearly
completed construction of a first stage of mining and processing
infrastructure that establishes an underground mining operation with a
production capacity of 6,000 tonnes per day.
China National
Gold Group Corp, the largest gold producer in China, owns approximately
41 percent of Jinshan's shares. CNGGC vice president XinSong was
appointed Jinshan CEO in Ocrober.
Other Jinshan Gold Mines news
- Jinshan Gold reports new record gold production at CSH mine in September
2009-10-20 - China National Gold’s Xin Song appointed new CEO of Jinshan Gold Mines
2009-10-14 - Jinshan Gold Mines acquires Jiama property from China National Gold
2009-09-24 - Jinshan Gold Mines achieves record production in August
2009-09-10 - Jinshan Gold’s Mongolia Pacific secures US$31 credit facility from China National Gold Group
2009-06-22
