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).
Tianshan Goldfields starts major drilling program
Tianshan Goldfields (AIM/ASX: TGF) climbed higher this morning after confirming that a cumulative drilling program of some 20,000 metres at its 90% owned Gold Mountain Project in Northwest China had commenced.
The Gold Mountain project cover some 623 square kilometres of ground which currently hosts a total resource of 21 million tonnes grading 5.8 grams per tonne of gold, or 3.8 million ounces. Over 2 million ounce of gold is in the measured and indicated categories.
This year's drilling program will have multiple goals. First and foremost, drilling will focus on the southern extension of the Jinxi prospect where last year's exploration drilling hit 51 metres grading 4 grams per tonne gold. Structures adjacent to the Yelmand-Balake prospect will also be tested.
A 7,500 metre core drilling programme is also planned to complete evaluation and geotechnical pit slope stability studies.
On a wider regional basis, geological mapping, rock chip sampling and follow up drilling will be focused on 31 targets indentified in previous exploration rounds. Drilling has been earmarked in particular for the Tikexi, Jin Gu and Awuliya prospects on the Nalensayi tenement.
The cumulative drilling campaign for 2008 will be at least 20,000 metres of reverse circulation and diamond drilling as Tianshan focuses on refining its current resource and mine optimisation models while in parallel testing multiple extensions to its current prospects and testing new drill ready targets.
Other Tianshan Goldfields articles
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17/11/08 Anglo Pacific Group Acquires more Tianshan Goldfields Shares
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01/08/08 Tianshan Goldfields share performance and reality decouple
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07/02/08 Tianshan Goldfields: More than a pretty name
Other Tianshan Goldfields news
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26/11/08 Tianshan Gold takes 60 percent in new gold project in Shangdong province
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11/08/08 Tianshan Goldfields renews licences in China
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08/07/08 Tianshan Goldfields quits AIM
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23/06/08 Tianshan Goldfields provides operational update
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11/03/08 Interim results underline solid progress at Tianshan Goldfields
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18/02/08 Tianshan Goldfields confirms excellent gold recoveries
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05/02/08 Tianshan Goldfields ups resource to 2.6m oz gold