China Goldmines plc is a gold resource company focussed on the discovery and development of gold projects in the Hunan Province. China is now the world’s largest gold producing nation.
China Goldmines’ Shenjiaya and Xiaotaoyuan Prospects sit in a mineralised and base metal region in the western part of the province. It has been independently estimated that a JORC code compliant inferred resource estimated a gold resource of 1.83 million ounces is contained in the Shenjiaya Prospect.
The eight gold mines within the prospect are expected to extract 150,000 ounces of gold annually over the long term.
In early 2008, China Goldmines poured its first gold to mark the opening of its new production plant at its Shenjiaya Prospect.
- China Goldmines sells all current assets
- Armed thieves take five tons high-grade ore from China Goldmines