In Inner Mongolia, Jinshan Gold Mines" Chang Shan Hao 217 gold project is close to pouring its first gold. It will become the fourth largest gold mine in China.

The final feasibility study was designed not to exceed the mine permit application and indicated that the mine would be capable of producing 117,000 ounces/year of gold for the first nine years at a cash cost of about $253/ounce.

During the life of the mine, the feasibility indicated that about 66.7 million tonnes of ore would be placed upon the heap for processing. Approximately 71.3 million tonnes of waste rock will be placed upon waste dumps. The overall strip ratio is 1 (ore): 1.07 (waste rock). The mine is designed for a heap-leach processing rate of 20,000 tonnes/day.

The CSH 217 mine is centrally positioned within the prolific east-west trending Tianshan Gold Belt that extends from Uzbekistan, Kazakhstan and Kyrgyztan through northern China into Mongolia. The stratigraphic setting, the style of structural deformation and the age of mineralization at CSH 217 is similar to several very large sediment-hosted gold deposits found along the Tianshan Belt, including Murantau (140 million ounces), Vasilovakoye (20 million ounces), Kumtor (10 million ounces) and Bakyrchik (13 million ounces). www.jinshanmines.com

News sourced from International Mining Project News - www.im-mining.com