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The Chang Shan Hao Gold Mine is one of China's largest gold mines, placing Jinshan in an important leadership role. The gold mine is the first step in Jinshan's growth strategy to becoming a globally significant gold producer.
For the month of September 2009, Jinshan poured 11,388 ounces of gold, which is a record high since the company commenced production in July 2007. This exceeds the previous production record of 8,525 ounces achieved in August 2009, and exceeds the design expectations of 9,000 ounces per month. Gold production has been steadily increasing this year from approximately 6,900 ounces in April due to better control on mining to improve the ore grade and ore size placed on the leach pad, as well as increasing the area under leach and leach solution pumping capacity.
Jinshan has also completed installation of the crusher facility on site and has been operating the crusher on a testing and start-up basis since mid-August, 2009. Currently, approximately 5,000 tonnes of ore per day is being crushed to 80% passing 9 millimeters and throughput is gradually ramping up as testing and adjustment of the various circuits is completed. Jinshan expects the crushing plant throughput to reach design capacity of 30,000 tonnes per day early in the fourth quarter. This is expected to result in a substantive increase in gold production from current levels.
A total of 60,063 ounces of gold were poured in the first nine months of 2009, compared to approximately 42,160 ounces for the same period in 2008.
In February 2008, the Company reported an updated resource estimate on the CSH deposit which includes resources from both the Northeast and Southwest Zones based on 35,510 metres of drilling in 162 drill holes. Measured and Indicated Resources at a 0.35 g/t cut-off grade are:
Measured and Indicated Resources:
Project |
Cut-Off (g/t gold) |
Million |
Grade
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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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