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Additional information
Additional Information
Market: ASX
Sector: Gold Mining
Epic: TGF
News: Latest news
Web Site: Tianshan Goldfields
Other Articles: 26-11-200817-11-200811-08-2008

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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, March 11, 2008

Interim results underline solid progress at Tianshan Goldfields

Interim Results for Tianshan Goldfields didn't throw up any surprises from a accounting point of view. The company does not generate any revenues yet, but is rapidly advancing its Gold Mountain Project in north-west China.

Tianshan ended the period with A$17.5 million in cash, and said that its goals for 2008 were to complete a feasibility study underway on the potential for a open pit heap leach mining operation. Other plans for 2008 include following up new targets identified in 2007 and continuing infill drilling at Jinxi and possibly Yelmand where higher grade feeder zones have been confirmed.

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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.