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Chang Shan Hao Gold Mine
The Chang Shan Hao Gold Mine is one of China's largest gold mines operated by a foreign company, placing Jinshan in an important leadership role. The gold mine is the first step in Jinshan's growth strategy to becoming a significant gold producer in Asia.
It is expected that the mine will achieve nameplate production capacity of approximately 10,000 ounces per month (120,000 ounces per year) in 2008. During mine start-up and through the first winter of operation, leaching and gold production has been slowed by normal start-up conditions and colder than average temperatures. In future years, the volume of ore on the leach pad will be substantially increased and it is expected that solution temperature, volume and preg grade, will be easier to maintain, resulting in improved performance.
Based on the 2007 drilling, gold resources are now estimated at 3.92 million ounces measured and indicated and 1.3 million inferred.
Measured and Indicated Resources:
Project |
Cut-Off (g/t gold) |
Million
Tonnes |
Grade
(g/t gold) |
Contained gold (Million Ozs) |
CSH 217 |
0.35 |
171.3 |
0.71 |
3.92 |
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Inferred Resources:
CSH 217 |
0.35 |
64.2 |
0.65 |
1.33 |
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An expansion study, currently underway, will consider optimizing the current mine plan and increasing annual production to an estimated 150,000 to 180,000 ounces gold.
All production at Jinshan's CSH gold mine is un-hedged and sold at the prevailing Shanghai Gold Exchange price, which closely tracks the London Gold Fixing price.
Photos
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CSH 217
200 KB, approx. 38 seconds at 56.6Kbps |
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Mine site
210 KB, approx. 40 seconds at 56.6Kbps |
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Loading ore
361 KB, approx. 1 minute, 8 seconds at 56.6Kbps |
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Surveying
271 KB, approx. 51 seconds at 56.6Kbps |
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Mine site
210 KB, approx. 40 seconds at 56.6Kbps |
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New faces
210 KB, approx. 40 seconds at 56.6Kbps |
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