Allied Minerals Ltd

Allied Minerals Ltd

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  • Shanghai mining exploration company Allied Minerals today announced that ore extraction at its Shandong property has increased three fold since January this year. Mar. 14, 2013 - PUDONG, China -- China based, Allied Minerals acquired the Shandong property back in 2012 following its identification and risk assessment approval by Executive Director Mr Henry Huan BSc, MSc. Preliminary tests and Initial ore samples immediately indicated the presence of gold veins, and production was underway late last 2012. However, during the first quarter of 2013 Allied Minerals extended the Shandong exploration area resulting in the discovery of underground intersecting veins. While these veins may marginally increase the cash cost of each ounce of ore extracted, the ore is accessible, and production costs are still comparatively low. Mr Henry Huan said “I have been with Allied Minerals since 2001, but I think now one of the most exciting times in our company's history, as we are seeing strong throughput at Shandong and we are in a position to expand and grow as a company”. Allied Minerals CEO Mr Kevin Dao commented “Shandong province has a long history of gold mining exploration and it is one of the more mineral rich regions in China, so it is perhaps unsurprising that Allied Minerals exploration has revealed this high level of mineralisation. We are excited to have increased our output via this license and see it as a step in the right direction. What is important here is the inc...

Primarily the company aims to discover, extract and produce mineral gold, which is then ultimately distributed through the local Shanghai Gold

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Allied Minerals Ltd

6 F, The 21st Century Building, No. 210, Century Avenue, Pudong New District, Shanghai, China, 200120
Pudong New District, Shanghai 200120
China
+86 21 5172 7206

Contact Allied Minerals Ltd
http://alliedminerals.com/

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