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Additional information
Additional Information
Market: ASX
Sector: Gold Mining
Epic: TGF
News: Latest news
Web Site: Tianshan Goldfields
Other Articles: 17-11-200811-08-200801-08-2008

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Tianshan Goldfields

Tianshan Goldfields Limited Is focused on developing its 90% interest in the Gold Mountain Project in north western China. China is now the fourth largest gold producer in the world.

The Gold Mountain Project consists of exploration licences covering 632 square kilometres and hosts advanced gold deposits and exploration targets with the potential for both large tonnage disseminated gold deposits and narrower higher grade opportunities. The Company currently has a total Indicated and Inferred Mineral Resource estimated at 95 million tonnes at 0.9g/t Au for 2.8 million ounces of gold (at 0.5g/t Au lower cut-off grade).

Company information about: Tianshan Goldfields
Tuesday, February 05, 2008

Tianshan Goldfields ups resource to 2.6m oz gold

Tianshan Goldfields ( AIM & ASX: TGF ), which developing its 90% owned Gold Mountain project in north-west China, announced a further upgrade to the JORC compliant resource statement covering the Yelmand-Jinxi, Mayituobi and Lion deposits.

Tianshan said it increased the measured and indicated resource to over 2 million ounces of gold, with the measured (26% of total), indicated (51% of total) and inferred mineral (23% of total) resource now standing at 2.64 million ounces of gold using a cut of grade of 0.4 grams per tonne gold.

During 2008 the Company will focus on infill drilling the "feeder structures" at Jinxi and possibly at Yelmand in addition to testing several new prospects identified last year. Ongoing feasibility studies on an open pit and heap leaching mining operation would also be completed during the year.

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Disclosure of Interest

Proactive Investors Australia Pty Ltd and its associates may have owned shares in the above company as at the date of the report. This position is subject to change without notice.