Jinshan Gold Mines announced the results of a new NI 43-101 compliant reserve and resource estimate at its CSH 217 gold mine in Inner Mongolia, China. Compared to the reserves reported in March 2008, the total proven and probable mineable gold reserves at the CSH 217 mine as of the end of December 2009 have increased to 3.43 million ounces (including 433,000 mined out ounces) from 2.26 million ounces in the March 2008.
Jinshan Gold Mines. reported on gold recovery results from column leach testing of fresh sulphide material from the CSH gold mine in Inner Mongolia China. Results show significant improvements in the expected gold recoveries from crushed sulphide material as compared to the run of mine oxide and mixed ores which have been mined and have yielded actual recoveries of approximately 45% to date. Average gold extraction predicted from the column leach tests is 78% from the Northeast Zone and 73% from the Southwest Zone from material crushed to 80% passing 9mm. The onsite crushing facility continues to ramp up towards its design capacity of 30,000 tonnes per day crushed to 80% passing 9mm and is currently crushing approximately 15,000 tonnes per day. Capacity of 30,000 tonnes per day is expected to be reached in the first quarter of 2010.
Jinshan Gold Mines provided an update on the operations at its CSH Gold Mine in Inner Mongolia, China. For the month of September 2009, Jinshan poured 11,388 ounces of gold, which is a record high since the company commenced production in July 2007. This exceeds the previous production record of 8,525 ounces achieved in August 2009, and exceeds the design expectations of 9,000 ounces per month.
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