Proactiveinvestors recommends

Additional Information

Market:	ASX
Sector:	Gold Mining
EPIC:	TGF

1 year chart

1 day chart

Tianshan Goldfields

Tianshan Goldfields (ASX: TGF) 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 has significant gold hits at Gold Mountain

Thursday, January 08, 2009 by Proactive Investors

Tianshan Goldfields (ASX:TGF) has announced final results from the program of near-resource drilling undertaken during 2008 at the Company’s 90%-owned 2.6moz Gold Mountain Project in northwest China.

The program returned "encouraging drill intercepts at depth on the southern margins of the Yelmand and Balake deposits."

The results included significant broad intercepts of gold mineralisation including 72 metres at 1.75g/t gold (including 58 metres at 2.08g/t gold) at Yelmand and 48 metres at 2.08g/t gold at Balake.

The results have reinforced the potential for extensions to the existing resource base at Gold Mountain. The Gold Mountain Project currently comprises Measured, Indicated and Inferred Resources totalling 94.8 million tonnes at 0.9g/t gold for 2.64 million ounces.

In November 2008, Anglo Pacific Group (ASX:AGP; LSE:APF) increased its shareholding in Tianshan Goldfields (ASX:TGF) from 7.9% to 10.1%.

Tianshan Goldfields had a healthy cash balance of $A17.3m as at 30 September 2008.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.