XINJIANG (TIANSHAN)
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Latest Information May 9, 2007 Jinshan announced the commencement of an engineering study to expand the projected gold production at its 96.5% owned CSH 217 gold mine located in the province of Xijiang, China. March 31, 2007 More than 4,000 rock chip, stream sediment, and soil samples were collected during the course of exploration and submitted to SGS Laboratories in Tianjin, China for gold fire assay and multi-element geochemical analyses. In addition, approximately 150 square kilometres have been covered with ground magnetic geophysical surveys. October 16, 2006 Reported that phase I of the exploration resulted in the delineation of numerous gold targets. Two high-priority targets had been identified at the Kumutage Dong permit (43.4 square kilometres). The first consists of apparently strata-bound gold-copper mineralization hosted by a rhyolite tuff unit that had been mapped over three kilometres strike length on the permit. Three rock grab samples that were previously collected from this mineralization style along a 100-metre trend within the tuff unit returned gold assays ranging from 5.94 to 27.4 g/t Au. At the 86.4-square-kilometre Jingerquan Xi permit, a ground magnetic survey has been completed covering the entire project area. Thirteen previous samples of quartz along a 1.3-kilometre trend in the northwest portion of the permit returned grades from 0.1 to 17.8 g/t Au (including 0.94 g/t Au, 1.08 g/t Au, 4.34 g/t Au, 8.23 g/t Au and 17.8 g/t Au). At the Kongqueshan (38.9 square kilometres), Dananhu Nan (53.8 square kilometres) and Hongshigang Dongbei (9.1 square kilometres) permits, large programs of rock, talus fines and stream sediment sampling have been completed. |