October 10, 2008 GobiMin announced the results of an independent initial mineral resource estimate for the Yanxi copper property located about 115 km south of the city of Hami in the eastern Xinjiang Uygur Autonomous Region, China. Based on 31 diamond drill holes, indicated reasources total 15.38 Mt grading 0.75% Cu for 254 million contained pounds copper. Inferred resources are estimated at 10.23 Mt grading 0.71% Cu for 160 million contained pounds copper. Mineralization at the porphyry copper-type Yanxi deposit is hosted in an eastwest striking irregular dike-like body of porphyritic granitic rocks that varies in thickness up to about 200 m thick. GobiMin has a 40% interest while two local partners each holds a 30% interest.
