Mineral Resources
The Company is the largest mining camp in west Tongguan, having approximately 41 tonnes of gold resources and reserves. Over 40 mineralized structures have been identified within licensed areas, and currently production is carried out at only 2 gold mineralized structures (veins Q576 and Q470).
Q576 Vein
Q576 is one of the 40 gold veins in the Taizhou Gold Mines. Resource potential has been found as deep as 1,000 metres underground.
Drilling program has confirmed gold reserves of 1,462 kg and mineral resources 2,482 kg, with the highest gold grade found of 49.24g/t, and existing infrastructure of over 10,000 metres of adit allows direct access to newly discovered ore bodies.