China Resources International today began drilling several test holes at its Xiaoluo mine 12km north of is Jilin site.
Nov. 14, 2012 - China Resources International only recently began drilling at the fourth and final zone within the Jilin mine, and was not expecting to begin drilling at the Xiaoluo site until 2013. However due to surplus resources and manpower early attempts have been made to assess the ore grade, ground constitution and other factors, prior to commencing full scale production on the site in the new year.
The company now has in total 3 operational mines. The Guizhou mine remains its principal asset, but drilling is now finally in operation at both the Jilin and Xiaoluo sites.
Mr Wei Feng the company's President said “Prior to any drilling, much planning and preparation is needed, and of course we want to to control as many factors as possible, minimise our costs and then finally extract ore in the safest, most efficient way possible. We are now satisfied that all necessary safety checks and preparations have been conducted."
Initial samples at hole XIA-NL-001 have shown mineralisation lenghs of 3.06m, with an ore grade of 3.681 g/t, which is extremely high. "Mineral gold has been sampled at intersects, although as yet drilling has barely scratched the surface. Early indications from ore samples at shallow depths have indicated ore grades well above the expected leves at this site, but we will remain patient." Mr Wei Feng, China Resources International President.
Early results have suggested a 2013 throughput of approximately 12,000 ounces from the Xiaoluo mine, although this will almost certainly be adjusted over the coming months.
This announcement may contain forward looking statements which reflect the Company's current beliefs and are based upon information available the time of writing.
About the company
China Resources International, is primarily engaged in the exploration, mining of gold in east and south east China. The Company also processes, produces and distributes gold and other precious metals. In late 2004, China Resources International purchased 2000 hectares in the Guizhuo Province in south-east china, an area already well known for gold mining.